Aspen Aerogels, Inc. | ASPN

Daily Technical Analysis of Aspen Aerogels, Inc.

Aspen Aerogels is up a bit on the day, funds flowing in kept the price up 1.10% since yesterday. ASPN is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. It's definitely important to take into account the directional momentum, so let's be honest Aspen Aerogels has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Building Materials company have lost -61.69 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If we get a reversal off of support and Aspen Aerogels starts moving up, it can probably get to $7.95 at which point it'll need to break through that resistance level in order to keep moving higher. If Aspen Aerogels continues to break down lower from here, it'll likely fall until it gets to $5.94 at which point previous buyers at this level may move in and give it support.

Analyst Ratings for Aspen Aerogels By Price Target And Rating

The analysts are pretty neutral on Aspen Aerogels right now, so not much useful information here. The current Analysts Sentiment Score is 3.61. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. HC Wainwright gave a boost to their price target and moved to $25.00 from $20.00 on 2024-05-03. Piper Sandler gave a boost to their price target and moved to $29.00 from $20.00 on 2024-05-03. B. Riley gave a boost to their price target and moved to $30.00 from $24.00 on 2024-05-03. Roth Mkm reiterated a rating of Buy on 2024-04-30 and dropped their 1 year price target to $22.00 which is down from $22.00. On 2023-12-27 Canaccord Genuity Group increased their price target by 30.77% to $17.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Aspen Aerogels

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Aspen Aerogels

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.