ASP Isotopes Inc [ASPI] Is Currently 11.44 above its 200 Period Moving Avg: What Does This Mean?

ETSY Stock

ASP Isotopes Inc [NASDAQ: ASPI] stock went on an upward path that rose over 11.44% on Friday, amounting to a one-week price increase of more than 59.63%.

Over the last 12 months, ASPI stock rose by 601.80%. The one-year ASP Isotopes Inc stock forecast points to a potential downside of -19.85. The average equity rating for ASPI stock is currently 1.00, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $593.90 million, with 48.92 million shares outstanding and 41.00 million shares in the current float. Compared to the average trading volume of 2.19M shares, ASPI stock reached a trading volume of 22986466 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on ASP Isotopes Inc [ASPI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASPI shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASPI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for ASP Isotopes Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 04, 2024. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on December 05, 2023, representing the official price target for ASP Isotopes Inc stock.

The Average True Range (ATR) for ASP Isotopes Inc is set at 0.82, with the Price to Sales ratio for ASPI stock in the period of the last 12 months amounting to 258.22. The Price to Book ratio for the last quarter was 36.88, with the Price to Cash per share for the same quarter was set at 0.37.

ASPI Stock Performance Analysis:

ASP Isotopes Inc [ASPI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 59.63. With this latest performance, ASPI shares gained by 158.80% in over the last four-week period, additionally plugging by 109.41% over the last 6 months – not to mention a rise of 601.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASPI stock in for the last two-week period is set at 87.95, with the RSI for the last a single of trading hit 90.92, and the three-weeks RSI is set at 84.71 for ASP Isotopes Inc [ASPI]. The present Moving Average for the last 50 days of trading for this stock 3.37, while it was recorded at 6.51 for the last single week of trading, and 3.40 for the last 200 days.

Insight into ASP Isotopes Inc Fundamentals:

ASP Isotopes Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 4.00.

ASP Isotopes Inc [ASPI] Institutonal Ownership Details

There are presently around $16.61%, or 26.44%% of ASPI stock, in the hands of institutional investors.

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