The Vanguard Group, Inc. has recently announced that it has increased stake in Aspen Aerogels Inc. (NYSE:ASPN) by 8.02%. After grabbing 3.3 million shares, the institutional investor is now in possession of 0.24 million shares of the Industrials Company. The new investment brought the stake of investor firm to 4.71% having worth around $20.65 million. Moreover, BlackRock Fund Advisors increased its share by 1.0 million to have a control over 3.14 million shares. And Fidelity Management & Research Co raised its holdings to 52898.0 shares by acquiring 2.33 million shares or 3.33% of the stake.
Aspen Aerogels Inc. (ASPN) concluded trading on 05/25/23 at a closing price of $6.49, with 1.07 million shares of worth about $6.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -46.23% during that period and on Thursday the price saw a loss of about -3.57%. Currently the company’s common shares owned by public are about 69.16M shares, out of which, 64.02M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $45.00 and could fall to a lowest price of $14.00. The stock’s current price level is 71.37% above of average price target set by the analysts, while a rise to estimated low would result in gain of 53.64% for the stock. However, touching the estimated high of $45.00 would mean a gain of 85.58% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 10,939,942 shares in 19 of the transactions. In 17 selling transactions, insiders dumped 11,059 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Columbia Small Cap Value Fund I are the top 3 mutual funds which are holding stakes in Aspen Aerogels Inc. Vanguard Total Stock Market ETF is currently holding 2.05 million shares of worth totaling $12.82 million. The company recently came buying 0.0 shares which brought its stake up to 2.92% of the company’s outstanding shares. iShares Russell 2000 ETF sold 15520.0 shares, after which its hold over company’s outstanding shares shrunk to 1.52%, leaving 1.06 million shares with the mutual fund that have a worth of about $6.65 million. Columbia Small Cap Value Fund I, after buying 0.78 million shares, have now control over 1.11% of the stake in the company. It holds 0.21 million shares of worth $4.88 million.
Aspen Aerogels Inc. (NYSE: ASPN) started trading at $6.68, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 6.70, or with a loss of -3.57%. Stock saw a price change of -12.89% in past 5 days and over the past one month there was a price change of 16.10%. Year-to-date (YTD), ASPN shares are showing a performance of -44.95% which decreased to -58.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.41 but also hit the highest price of $21.48 during that period. The average intraday trading volume for Aspen Aerogels Inc. shares is 1.13 million. The stock is currently trading -9.41% below its 20-day simple moving average (SMA20), while that difference is down -5.52% for SMA50 and it goes to -37.02% lower than SMA200.
The Vanguard Group, Inc. acquired 3.3 million shares of Aspen Aerogels Inc. having value of about $20.65 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.24 million shares in the company valued at close to $1588979.15, or have control over 8.02% stake in the company. Aspen Aerogels Inc. (NYSE: ASPN) currently have 69.16M outstanding shares and institutions hold larger chunk of about 57.40% of that. Holding of mutual funds in the company is about 45.74% while other institutional holders and individual stake holders have control over 72.69% and 24.05% of the stake respectively.
The stock has a current market capitalization of $471.43M and its 3Y-monthly beta is at 2.07. It has posted earnings per share of -$1.87 in the same period. It has Quick Ratio of 3.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASPN, volatility over the week remained 6.02% while standing at 7.08% over the month.
Analysts are in expectations that Aspen Aerogels Inc. (ASPN) stock would likely to be making an EPS of -$0.36 in the current quarter, while forecast for next quarter EPS is -$0.35 and it is -$0.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.45 which is -$0.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -72.40% while it is estimated to increase by 64.80% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Aspen Aerogels Inc. (ASPN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 9 Wall Street analysts, 9 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
