NYSE: ASPN is a stock that has been in the news for various reasons in the recent past. The company got listed and started trading on the New York Stock Exchange in June 2014. They released the Initial Public Offering of 7,500,000 shares. It got listed at a public offering price of $11 per share that made gross proceeds of $82.5 Million. Their joint book-running managers were Barclays, J.P. Morgan, and Citigroup, while the co-managers were Baird and Canaccord Genuity. The IPO had a positive response from the traders as well as the press.
Before this IPO, NYSE: ASPN at https://www.webull.com/quote/nyse-aspn was supposed to have its IPO in the year 2013. The original IPO request was filed in 2011. It was supposed to be valued at $115 Million. But instead, they withdrew the IPO and decided to $12 Million in debt through private markets. In 2014 the rate of the IPO of $11 was considered to be relatively low, as compared to earlier year’s estimate, which was $14 to $16 per share. The received funding went towards repaying debts and adding a third production line in East Providence, Rhode Island.
Aspen Aerogels Inc. is a company that designs, develops, and manufactures aerogel. Aerogel is primarily used in energy infrastructure facilities. It is one of the best forms of insulation for decades. It is said to be time and space-efficient. The company has also worked with the federal and non-federal government agencies on research work. It includes the Department of Defence and the Department of Energy. Aspen Aerogels Inc. has its headquarters in Northborough, Massachusetts.
NYSE: ASPN has a Market Cap of $229.26 Million. On Tuesday, 18th August, it opened at 8.89 and closed at 8.51. It reached as high as 8.99 and as low as 8.40. Its 52 weeks high has been 10.71, and the 52 week low was 4.090. Analysts are optimistic about the stock as 60% of them suggest BUY, and 20% of them suggest HOLD. None of them suggest to SEll or expect it to UNDERPERFORM. That shows how much faith they have about the bright future of this stock. There seems to be no doubt about the upcoming success.
According to the analysts, the average price target should be 9.80. They estimate for it to go as high as 9.80 and as low as 8.00. This seems like a good time to invest in NYSE: ASPN, as it is at a good pace of growth. The market is enthusiastic to see the future trends of this stock. You can buy the stock share via day trading.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.