Aspen Aerogels (NYSE:ASPN) Hits New 1-Year Low – What’s Next?

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) hit a new 52-week low on Thursday . The stock traded as low as $8.80 and last traded at $9.04, with a volume of 828294 shares trading hands. The stock had previously closed at $11.75.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Roth Mkm decreased their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays lowered their target price on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Canaccord Genuity Group dropped their price objective on shares of Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.11.

Aspen Aerogels Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The stock has a market capitalization of $710.64 million, a price-to-earnings ratio of 850.25 and a beta of 2.14. The company has a 50-day simple moving average of $12.36 and a two-hundred day simple moving average of $18.63.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 0.36% and a return on equity of 5.06%. On average, equities research analysts predict that Aspen Aerogels, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Aspen Aerogels

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abbot Financial Management Inc. boosted its holdings in shares of Aspen Aerogels by 3.9% in the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock valued at $359,000 after acquiring an additional 1,146 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Aspen Aerogels by 5.3% in the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after buying an additional 1,483 shares during the period. Greenwood Capital Associates LLC boosted its stake in Aspen Aerogels by 5.0% during the fourth quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock valued at $439,000 after buying an additional 1,749 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of Aspen Aerogels by 45.0% in the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Aspen Aerogels by 1.9% in the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company’s stock worth $1,530,000 after purchasing an additional 2,400 shares during the period. Institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.