Aspen Aerogels (NYSE:ASPN) Shares Gap Up – What’s Next?

Aspen Aerogels, Inc. (NYSE:ASPN)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.88, but opened at $12.29. Aspen Aerogels shares last traded at $12.43, with a volume of 296,604 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASPN. StockNews.com raised Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. Piper Sandler lowered their target price on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Barclays reduced their price target on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Roth Mkm cut their price objective 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. Finally, HC Wainwright reissued a “buy” rating and set a $30.00 target price on shares of Aspen Aerogels in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Aspen Aerogels Price Performance

The firm has a 50 day moving average price of $14.72 and a two-hundred day moving average price of $21.31. The company has a market cap of $1.01 billion, a P/E ratio of 1,233.23 and a beta of 2.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93.

Institutional Investors Weigh In On Aspen Aerogels

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Aspen Aerogels in the 2nd quarter valued at about $84,000. nVerses Capital LLC bought a new stake in Aspen Aerogels during the second quarter valued at approximately $95,000. Quent Capital LLC purchased a new position in Aspen Aerogels in the 3rd quarter worth approximately $118,000. Point72 DIFC Ltd bought a new position in shares of Aspen Aerogels in the 2nd quarter worth $121,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Aspen Aerogels in the 2nd quarter worth $145,000. 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.