Bullish Or Bearish For Aspen Aerogels Inc. (NYSE: ASPN) In 2024

Aspen Aerogels Inc. (NYSE:ASPN) shares, rose in value on Wednesday, May 15, with the stock price up by 2.91% to the previous day’s close as strong demand from buyers drove the stock to $26.15.

Actively observing the price movement in the last trading, the stock closed the session at $25.41. Referring to stock’s 52-week performance, its high was $27.91, and the low was $5.32. On the whole, ASPN has fluctuated by 72.72% over the past month.

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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 395.32M, with a low estimate of 90.68M and a high estimate of 111.76M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 99.32M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASPN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ASPN currently trading nearly 28.54% and 45.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.17, while the 7-day volatility ratio is showing 5.04% which for the 30-day chart, stands at 6.55%. Furthermore, Aspen Aerogels Inc. (ASPN)’s beta value is 2.21, and its average true range (ATR) is 1.49.

A comparison of Aspen Aerogels Inc. (ASPN) with its peers suggests the former has fared considerably weaker in the market. ASPN showed an intraday change of 2.91% in last session, and over the past year, it grew by 232.27%%.

Data on historical trading for Aspen Aerogels Inc. (NYSE:ASPN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.16 million. According to company’s latest data on outstanding shares, there are 76.50 million shares outstanding.

Nearly 1.59% of Aspen Aerogels Inc.’s shares belong to company insiders and institutional investors own 94.45% of the company’s shares. The stock has risen by 65.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASPN stock heading into the next quarter.

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