Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Aspen Aerogels Inc before investing.

In this article, we go over a few key elements for understanding Aspen Aerogels Inc’s stock price such as:

• Aspen Aerogels Inc’s current stock price and volume
• Why Aspen Aerogels Inc’s stock price changed recently
• Upgrades and downgrades for ASPN from analysts
• ASPN’s stock price momentum as measured by its relative strength

About Aspen Aerogels Inc (ASPN)

Before we jump into Aspen Aerogels Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. The Company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Its segments include Energy Industrial and Thermal Barrier. Under Energy Industrial, it designs, develops and manufactures aerogel insulation used primarily in the energy industrial and sustainable insulation markets. The Company offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under Thermal Barrier segment, it offers PyroThin product, which is a thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance, and fire protection properties.

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Aspen Aerogels Inc’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Aspen Aerogels Inc’s stock price was $18.88.

Aspen Aerogels Inc is down 9.32% from its previous closing price of $20.82.

During the last market session, Aspen Aerogels Inc’s stock traded between $20.42 and $21.57. Currently, there are 75.76 million shares of Aspen Aerogels Inc stock available for purchase.

Unfortunately, Aspen Aerogels Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Aspen Aerogels Inc Stock Price History

Aspen Aerogels Inc’s (ASPN) price is currently down 7.5% so far this month.

During the month of August, Aspen Aerogels Inc’s stock price has reached a high of $21.57 and a low of $18.72.

Over the last year, Aspen Aerogels Inc has hit prices as high as $31.74 and as low as $5.33. Year to date, Aspen Aerogels Inc’s stock is up 60.14%.

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What Caused Aspen Aerogels Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there was 1 analyst who downgraded Aspen Aerogels Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Aspen Aerogels Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Aspen Aerogels Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Aspen Aerogels Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Aspen Aerogels Inc (ASPN) by visiting AAII Stock Evaluator.

Relative Price Strength of Aspen Aerogels Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Aspen Aerogels Inc has a weighted four-quarter relative price strength of 20.81%, which translates to a Momentum Score of 94 and is considered to be Very Strong.

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Aspen Aerogels Inc Stock Price: Bottom Line

As of August 2, 2024, Aspen Aerogels Inc’s stock price is $18.88, which is down 9.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Aspen Aerogels Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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