ASP Isotopes Inc. (NASDAQ:ASPI – Get Free Report) CFO Heather Kiessling sold 21,830 shares of ASP Isotopes stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $2.19, for a total transaction of $47,807.70. Following the completion of the sale, the chief financial officer owned 1,504,422 shares in the company, valued at $3,294,684.18. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ASP Isotopes Stock Performance
Shares of ASPI stock opened at $1.95 on Friday. The company’s fifty day simple moving average is $3.17 and its 200-day simple moving average is $4.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.87 and a quick ratio of 3.85. ASP Isotopes Inc. has a 12 month low of $1.89 and a 12 month high of $11.22.
ASP Isotopes (NASDAQ:ASPI – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.11). ASP Isotopes had a negative return on equity of 64.99% and a negative net margin of 427.98%. The business had revenue of $5.12 million for the quarter, compared to analyst estimates of $4.47 million.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on ASPI shares. Wall Street Zen raised ASP Isotopes from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of ASP Isotopes in a report on Monday, September 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, ASP Isotopes currently has a consensus rating of “Hold” and a consensus target price of $13.00.
Get Our Latest Research Report on ASPI
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in ASP Isotopes by 8.8% in the first quarter. The Manufacturers Life Insurance Company now owns 30,503 shares of the company’s stock valued at $135,000 after purchasing an additional 2,470 shares in the last quarter. Sanctuary Advisors LLC lifted its position in ASP Isotopes by 22.2% during the first quarter. Sanctuary Advisors LLC now owns 24,615 shares of the company’s stock worth $109,000 after purchasing an additional 4,465 shares during the period. Royal Bank of Canada lifted its position in ASP Isotopes by 18.4% during the first quarter. Royal Bank of Canada now owns 37,954 shares of the company’s stock worth $167,000 after purchasing an additional 5,906 shares during the period. State of Wyoming bought a new stake in ASP Isotopes during the first quarter worth about $29,000. Finally, Allworth Financial LP acquired a new stake in ASP Isotopes during the second quarter worth about $51,000. 16.80% of the stock is currently owned by institutional investors.
ASP Isotopes Company Profile
ASP Isotopes Inc is a materials and technology company developing isotope-enrichment processes for use in the medical, semiconductor and nuclear-energy industries. Its primary technology is the Aerodynamic Separation Process, a proprietary method designed to separate isotopes based on differences in molecular mass and aerodynamic behavior.
The company is pursuing the production of enriched isotopes, including materials intended for applications such as semiconductor manufacturing, medical diagnostics and treatment, advanced nuclear fuels, and other industrial and scientific uses.
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