How to Buy Aspen Aerogels Stock
Aspen Aerogels Inc
Aspen Aerogels is a building product & equipment company located in Massachusetts, United States, which is part of the Basic Materials sector, and is traded under the ticker ASPN on the NYSE exchange.
Aspen Aerogels stock last closed at $22.44, down 1.41% from the previous day, and has increased 170.04% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 1.09 percentage points. Aspen Aerogels stock is currently +238.97% from its 52-week low of $6.62, and -32.31% from its 52-week high of $33.15.
There are currently 77.08M ASPN shares outstanding. The market capitalization of ASPN is $1.73B. In the past 24 hours, 1.67M ASPN shares were traded.
How to Buy Aspen Aerogels Stock
Wondering how to invest in Aspen Aerogels stock? Here's how.
- Choose where to buy Aspen Aerogels stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Aspen Aerogels stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Evaluate Aspen Aerogels stock: The Aspen Aerogels ticker symbol is ASPN. Is Aspen Aerogels stock a good investment? Should you buy shares of ASPN? How do ASPN's underlying business fundamentals look? Do top analysts think Aspen Aerogels is a good buy? Why has ASPN's stock price moved recently? (Hint: Our stock research website can help you evaluate if ASPN is a good stock to buy).
- Place your ASPN buy order: Decide if you will purchase ASPN shares at the current market price or use a limit order to buy ASPN stock at a particular price.
- Get updates on your ASPN position: Create a watchlist to get live updates on your new investment in Aspen Aerogels shares.
Step 1: Choose where to buy Aspen Aerogels stock
You will need a brokerage account in order to access the NYSE market and buy ASPN stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you are able to buy ASPN today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on app for investing, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring funds into your new brokerage account.
Step 4: Evaluate Aspen Aerogels stock
After you have chosen the best place to buy Aspen Aerogels stock, it's very important to evaluate their stock prior to buying, so you actually understand the risk as well as the opportunity.
Aspen Aerogels Numbers
Aspen Aerogels Due Diligence Checks
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on ASPN's stock page.
Is ASPN stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ASPN's fair value.
Using relative valuations ratios:
- ASPN may be undervalued based on its P/B ratio of 3.34x, relative to Building Products & Equipment industry P/B ratio of 5.93x
You can do additional valuation research on ASPN's stock here.
ASPN Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the ASPN balance sheet.
- ASPN profit margin has gone up from -37.6% to 0.4% in the past year.
- There are more short-term assets than short-term liabilities on the ASPN balance sheet.
- Total ASPN debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- ASPN has cash burn of 131942000. It does not have sufficient cash and short-term investments to cover this.
- ASPN has $91.78M in cash and short term investments. This is not sufficient to cover its annual cash burn of $131.94M.
- ASPN has a relatively high debt to equity ratio of 0.45.
Do Wall Street analysts think it's a good time to buy ASPN stock
Out of 9 sell side analysts who research ASPN, the consensus analyst rating on Aspen Aerogels is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest ASPN Analyst Ratings
Eric Stine, a bottom 2% analyst from Craig-Hallum maintains ASPN with a buy rating and raises their ASPN price target from $33.00 to $38.00, on Jun 14, 2024.
Tom Curran, a bottom 11% analyst from Seaport Global maintains ASPN with a buy rating and raises their ASPN price target from $31.00 to $38.00, on Jun 13, 2024.
Alexander Potter, a top 4% analyst from Piper Sandler maintains ASPN with a strong buy rating and raises their ASPN price target from $30.00 to $36.00, on May 29, 2024.
Piper Sandler's Alexander Potter raised their price target on Aspen Aerogels (NYSE: ASPN) by 20% from $30 to $36 on 2024/05/29. The analyst maintained their Strong Buy rating on the stock.
After analyzing "problems with short the thesis on the stock," Potter said they hiked their price target to "reflect the potential for future customer wins."
The analyst added that Piper Sandler believes skeptics have been too focused on how many EVs are being sold rather than produced by Aspen Aerogels' biggest customer, General Motors."
George Gianarikas, a bottom 10% analyst from Canaccord Genuity maintains ASPN with a strong buy rating and raises their ASPN price target from $18.00 to $28.00, on May 3, 2024.
Christopher Souther, a bottom 3% analyst from B. Riley Securities maintains ASPN with a strong buy rating and raises their ASPN price target from $24.00 to $30.00, on May 3, 2024.
You can dive deeper into what analysts are projecting on the Aspen Aerogels stock forecast page.
ASPN Technicals
How is ASPN performing as a company?
Last year, ASPN revenue was $357.25M. In the past five year, ASPN's revenue has gone up by 25% per year. This was faster than the Building Products & Equipment industry average of 8.3%.
You can research ASPN's earnings and revenue performance here.
Are ASPN insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at ASPN have sold more shares than they have bought.
Donald R. 1. Young, President and CEO of ASPN, was the latest ASPN insider to sell. They sold $1,902,550.65 worth of ASPN stock on Sep 30, 2024.
Dig into more about who owns ASPN stock here.
Can I get consistent income from ASPN stock?
No, Aspen Aerogels doesn't provide an income stream by paying out dividends.
ASPN Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your ASPN buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Press the Open button and your broker will execute your order.
If you need more help buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your ASPN position
Now that you own some shares in ASPN, you'll want to keep up with your company.
Put ASPN on a watchlist to get notified of the latest news about your ASPN stock.
ASPN Feed
How to Buy Stock in Aspen Aerogels
To summarize, here are the 6 steps for buying Aspen Aerogels stock:
- Choose where to buy Aspen Aerogels stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Aspen Aerogels stock
- Place your ASPN buy order
- Get updates on your ASPN position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your investment in Aspen Aerogels, create your watchlist below.
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