Aspen Aerogels (ASPN) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aspen Aerogels in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ASPN shares.
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5 Wall Street research analysts have issued 12-month target prices for Aspen Aerogels' stock. Their ASPN share price forecasts range from $14.00 to $30.00. On average, they expect the company's share price to reach $23.88 in the next year. This suggests a possible upside of 275.4% from the stock's current price.
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Aspen Aerogels' stock was trading at $11.79 at the start of the year. Since then, ASPN shares have decreased by 46.1% and is now trading at $6.36.
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Aspen Aerogels saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 5,140,000 shares, an increase of 7.5% from the July 31st total of 4,780,000 shares. Based on an average daily trading volume, of 759,800 shares, the days-to-cover ratio is currently 6.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Aspen Aerogels, Inc. (NYSE:ASPN) issued its quarterly earnings results on Wednesday, August, 2nd. The construction company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14. The construction company had revenue of $48.16 million for the quarter, compared to analysts' expectations of $49.07 million. Aspen Aerogels had a negative trailing twelve-month return on equity of 19.27% and a negative net margin of 37.58%.

SPDR S&P Kensho Smart Mobility ETF holds 95,698 shares of ASPN stock, representing 1.21% of its portfolio.

Aspen Aerogels updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of -$1.21--$1.07 for the period, compared to the consensus estimate of -$1.22. The company issued revenue guidance of $200.00 million-$250.00 million, compared to the consensus revenue estimate of $225.65 million.

5 employees have rated Aspen Aerogels Chief Executive Officer Donald R. Young on Glassdoor.com. Donald R. Young has an approval rating of 100% among the company's employees. This puts Donald R. Young in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Aerogels investors own include Intelsat (I), Gilead Sciences (GILD), Bank of America (BAC), AMC Entertainment (AMC), Fossil Group (FOSL), Associated British Foods (ABF), Apollo Global Management (APO), Chaarat Gold (CGH), China Unicom (Hong Kong) (CHU) and Ciena (CIEN).

Aspen Aerogels trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASPN."

Aspen Aerogels' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.49%), Samjo Capital LLC (2.48%), AWM Investment Company Inc. (2.37%), State Street Corp (1.70%), Nuveen Asset Management LLC (1.64%) and Royce & Associates LP (1.57%). Insiders that own company stock include Corby C Whitaker, Corby C Whitaker, Donald R Young, James E Sweetnam, Kelley Conte, Koch Industries Inc, Mark L Noetzel, Robert M Gervis, Steven R Mitchell and Wood River Capital, Llc.
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Shares of ASPN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASPN stock can currently be purchased for approximately $6.36.

Aspen Aerogels (NYSE:ASPN) has a market capitalization of $446.54 million and generates $180.36 million in revenue each year. The construction company earns $-82,740,000.00 in net income (profit) each year or ($1.41) on an earnings per share basis.

The company employs 533 workers across the globe.

Aspen Aerogels' mailing address is 30 FORBES ROAD BUILDING B, NORTHBOROUGH MA, 01532. The official website for the company is www.aerogel.com. The construction company can be reached via phone at (508) 691-1111, via email at ir@aerogel.com, or via fax at 508-691-1200.