Aspen Aerogels (NYSE:ASPN) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.55 and traded as low as $5.04. Aspen Aerogels shares last traded at $5.2050, with a volume of 949,348 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASPN. Barclays lifted their price objective on Aspen Aerogels from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aspen Aerogels in a research report on Wednesday, June 24th. Roth Capital restated a “buy” rating and set a $5.75 price objective on shares of Aspen Aerogels in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Aspen Aerogels from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.19.

Aspen Aerogels Price Performance

The stock has a 50-day simple moving average of $5.55 and a 200 day simple moving average of $4.13. The company has a market cap of $431.39 million, a PE ratio of -3.83 and a beta of 2.98. The company has a quick ratio of 2.54, a current ratio of 2.89 and a debt-to-equity ratio of 0.32.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Thursday, May 7th. The construction company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $37.88 million for the quarter, compared to analysts’ expectations of $36.58 million. Aspen Aerogels had a negative return on equity of 22.16% and a negative net margin of 48.64%.The business’s revenue for the quarter was down 51.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Aspen Aerogels has set its Q2 2026 guidance at -0.240–0.17 EPS. Equities analysts expect that Aspen Aerogels, Inc. will post -0.8 EPS for the current year.

Institutional Investors Weigh In On Aspen Aerogels

A number of institutional investors and hedge funds have recently made changes to their positions in ASPN. Tudor Investment Corp ET AL acquired a new position in Aspen Aerogels during the third quarter worth $3,387,000. SG Americas Securities LLC lifted its holdings in Aspen Aerogels by 227.5% during the 4th quarter. SG Americas Securities LLC now owns 263,354 shares of the construction company’s stock worth $745,000 after buying an additional 182,931 shares in the last quarter. Needham Investment Management LLC boosted its position in Aspen Aerogels by 26.5% in the 4th quarter. Needham Investment Management LLC now owns 4,351,700 shares of the construction company’s stock valued at $12,315,000 after buying an additional 912,000 shares during the period. Penn Capital Management Company LLC grew its stake in shares of Aspen Aerogels by 39.0% in the third quarter. Penn Capital Management Company LLC now owns 1,036,995 shares of the construction company’s stock worth $7,225,000 after acquiring an additional 291,118 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Aspen Aerogels by 20.3% in the fourth quarter. First Eagle Investment Management LLC now owns 622,487 shares of the construction company’s stock worth $1,762,000 after acquiring an additional 105,164 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc, headquartered in Northborough, Massachusetts, develops and manufactures high-performance aerogel insulation materials and custom engineered solutions. Founded in 2001 as a spin-out from Department of Energy research, the company pursued an initial public offering on the NYSE in 2014 under the ticker ASPN. Aspen Aerogels combines proprietary aerogel formulations with advanced manufacturing processes to deliver products known for their low thermal conductivity, lightweight construction and robust mechanical properties.

The company’s product portfolio spans blanket insulation, boards, and custom shapes built around several proprietary brands, including Pyrogel, Cryogel and Spaceloft.