ASP Isotopes Inc. (NASDAQ:ASPI - Get Free Report) saw unusually-strong trading volume on Wednesday after Canaccord Genuity Group raised their price target on the stock from $8.50 to $11.00. Canaccord Genuity Group currently has a buy rating on the stock. Approximately 2,041,157 shares traded hands during mid-day trading, a decline of 1% from the previous session's volume of 2,058,871 shares.The stock last traded at $7.44 and had previously closed at $7.00.
Insider Buying and Selling at ASP Isotopes
In other news, CEO Paul Elliot Mann sold 316,667 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $5.75, for a total transaction of $1,820,835.25. Following the sale, the chief executive officer now directly owns 7,948,787 shares in the company, valued at $45,705,525.25. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Ainscow sold 66,668 shares of the firm's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $5.62, for a total value of $374,674.16. Following the sale, the chief operating officer now owns 1,419,992 shares in the company, valued at $7,980,355.04. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 766,667 shares of company stock worth $4,358,502. Insiders own 21.40% of the company's stock.
Institutional Investors Weigh In On ASP Isotopes
Institutional investors have recently modified their holdings of the business. Hanson & Doremus Investment Management acquired a new stake in shares of ASP Isotopes during the 4th quarter valued at about $27,000. BNP Paribas Financial Markets acquired a new stake in shares of ASP Isotopes during the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. grew its position in shares of ASP Isotopes by 84.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,370 shares of the company's stock valued at $44,000 after acquiring an additional 4,299 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of ASP Isotopes during the 4th quarter valued at about $45,000. Finally, Russell Investments Group Ltd. grew its position in shares of ASP Isotopes by 56.3% during the 4th quarter. Russell Investments Group Ltd. now owns 10,221 shares of the company's stock valued at $46,000 after acquiring an additional 3,682 shares during the period. 16.80% of the stock is currently owned by institutional investors and hedge funds.
ASP Isotopes Trading Up 10.1%
The company has a current ratio of 7.55, a quick ratio of 7.54 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $644.78 million, a price-to-earnings ratio of -14.08 and a beta of 3.40. The company has a fifty day moving average of $5.57 and a 200-day moving average of $5.44.
ASP Isotopes Company Profile
(
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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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