ASP Isotopes (NASDAQ:ASPI) Announces Earnings Results, Misses Estimates By $0.92 EPS

Key Points

• ASP Isotopes reported an earnings per share of ($1.03), significantly missing analysts' estimates of ($0.11) by ($0.92).
• The company's stock traded down 4.2% to $10.57, with a market cap of $886.82 million.
• Institutional investors hold 16.80% of the company's stock, with notable increases in holdings by the New York State Common Retirement Fund and others in recent quarters.

ASP Isotopes (NASDAQ:ASPI - Get Free Report) announced its earnings results on Thursday. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.92), Zacks reports. ASP Isotopes had a negative return on equity of 88.40% and a negative net margin of 767.86%.

ASP Isotopes Trading Down 4.2%

NASDAQ ASPI traded down $0.46 during mid-day trading on Thursday, reaching $10.57. 3,871,854 shares of the stock were exchanged, compared to its average volume of 5,064,920. The company has a debt-to-equity ratio of 0.80, a current ratio of 7.21 and a quick ratio of 7.17. The stock has a market cap of $886.82 million, a P/E ratio of -17.33 and a beta of 3.36. The stock has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $6.62. ASP Isotopes has a one year low of $1.95 and a one year high of $11.68.

Institutional Investors Weigh In On ASP Isotopes

Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund grew its holdings in ASP Isotopes by 418.2% in the second quarter. New York State Common Retirement Fund now owns 17,100 shares of the company's stock worth $126,000 after purchasing an additional 13,800 shares during the period. The Manufacturers Life Insurance Company grew its holdings in ASP Isotopes by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,840 shares of the company's stock worth $153,000 after purchasing an additional 1,878 shares during the period. XTX Topco Ltd acquired a new stake in ASP Isotopes in the second quarter worth $178,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ASP Isotopes by 9.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,613 shares of the company's stock worth $148,000 after purchasing an additional 2,709 shares during the period. Finally, Rhumbline Advisers grew its holdings in ASP Isotopes by 20.9% in the second quarter. Rhumbline Advisers now owns 78,994 shares of the company's stock worth $581,000 after purchasing an additional 13,668 shares during the period. 16.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on shares of ASP Isotopes from $8.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st.

About ASP Isotopes

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.

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