Aspen Aerogels (NYSE:ASPN) Stock Price Breaks Above 50 Day Moving Average - What's Next?

Key Points

• Aspen Aerogels shares briefly moved above their 50-day moving average, reaching $5.44 compared with the $5.37 average, before last trading at $5.1550 on volume of 773,565 shares.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, one Hold and two Sell. The consensus rating is Hold, with an average price target of $5.94.
• The company remains unprofitable, reporting a quarterly loss of $0.22 per share despite beating estimates, while major shareholder Wood River Capital sold 12.28 million shares for approximately $58.1 million.

Shares of Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $5.37 and traded as high as $5.44. Aspen Aerogels shares last traded at $5.1550, with a volume of 773,565 shares changing hands.

Wall Street Analyst Weigh In

ASPN has been the subject of several analyst reports. Roth Capital restated a "buy" rating and set a $7.75 target price on shares of Aspen Aerogels in a research report on Friday, August 7th. Wall Street Zen lowered Aspen Aerogels from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. B. Riley Financial restated a "buy" rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Barclays lifted their price target on Aspen Aerogels from $4.00 to $5.00 and gave the company an "underweight" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Aspen Aerogels in a research report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Aspen Aerogels has an average rating of "Hold" and an average price target of $5.94.

Aspen Aerogels Stock Down 5.8%

The company has a market cap of $427.81 million, a P/E ratio of -3.37 and a beta of 3.06. The company has a current ratio of 2.52, a quick ratio of 2.24 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $5.37 and its 200-day moving average price is $5.08.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.01. Aspen Aerogels had a negative net margin of 62.45% and a negative return on equity of 31.12%. The business had revenue of $49.85 million during the quarter, compared to the consensus estimate of $42.42 million. Aspen Aerogels has set its Q3 2026 guidance at -0.110--0.070 EPS. As a group, equities research analysts expect that Aspen Aerogels, Inc. will post -0.69 EPS for the current year.

Insider Activity

In other news, major shareholder Wood River Capital, Llc sold 12,280,426 shares of the company's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $4.73, for a total value of $58,086,414.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.96% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its stake in Aspen Aerogels by 6.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,050 shares of the construction company's stock worth $203,000 after purchasing an additional 2,000 shares in the last quarter. Royal Bank of Canada raised its holdings in Aspen Aerogels by 95.8% during the 1st quarter. Royal Bank of Canada now owns 8,523 shares of the construction company's stock worth $29,000 after buying an additional 4,169 shares during the period. Legal & General Group Plc bought a new position in Aspen Aerogels in the second quarter valued at approximately $44,000. Clarus Group Inc. bought a new position in Aspen Aerogels in the first quarter valued at approximately $36,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Aspen Aerogels in the fourth quarter valued at approximately $30,000. Institutional investors own 97.64% of the company's stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc develops and manufactures advanced aerogel-based materials designed to provide thermal management, insulation and fire protection. The company's products are used in applications where low weight, energy efficiency and resistance to heat are important, serving industries including electric vehicles, energy infrastructure, industrial processing and building materials.

Its product portfolio includes PyroThin thermal barriers for lithium-ion battery systems, as well as aerogel insulation products such as Pyrogel, Cryogel and Spaceloft.

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