Some Investing Thoughts On ASP Isotopes Inc (NASDAQ: ASPI)

ASP Isotopes Inc (ASPI) concluded trading on Thursday at a closing price of $4.37, with 2.97 million shares of worth about $13.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.33% during that period and on December 12, 2024 the price saw a gain of about 4.42%. Currently the company’s common shares owned by public are about 68.41M shares, out of which, 46.69M shares are available for trading.

Stock saw a price change of -4.38% in past 5 days and over the past one month there was a price change of -45.17%. Year-to-date (YTD), ASPI shares are showing a performance of 144.13% which increased to 132.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.65 but also hit the highest price of $9.33 during that period. The average intraday trading volume for ASP Isotopes Inc shares is 4.73 million. The stock is currently trading -26.37% below its 20-day simple moving average (SMA20), while that difference is down -21.16% for SMA50 and it goes to 11.97% higher than SMA200.

ASP Isotopes Inc (NASDAQ: ASPI) currently have 68.41M outstanding shares and institutions hold larger chunk of about 31.90% of that.

The stock has a current market capitalization of $311.98M and its 3Y-monthly beta is at 3.39. It has posted earnings per share of -$0.60 in the same period. It has Quick Ratio of 7.54 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASPI, volatility over the week remained 10.41% while standing at 15.15% over the month.

Stock’s fiscal year EPS is expected to drop by -16.33% while it is estimated to increase by 73.68% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on October 04, 2024 offering a Buy rating for the stock and assigned a target price of $4.50 to it. Coverage by H.C. Wainwright stated ASP Isotopes Inc (ASPI) stock as a Buy in their note to investors on December 05, 2023, suggesting a price target of $3.25 for the stock.

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