Canaccord Genuity slashes price target on ASP Isotopes Inc [ASPI] – find out why.

ASP Isotopes Inc [NASDAQ: ASPI] loss -0.41% or -0.02 points to close at $4.87 with a heavy trading volume of 3801473 shares.

The daily chart for ASPI points out that the company has recorded 10.18% gains over the past six months.

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If we look at the average trading volume of 4.48M shares, ASPI reached to a volume of 3801473 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $8.50 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 1.00, with the Price to Sales ratio for ASPI stock in the period of the last 12 months amounting to 102.86. The Price to Book ratio for the last quarter was 8.61, with the Price to Cash per share for the same quarter was set at 0.72.

Trading performance analysis for ASPI stock

ASP Isotopes Inc [ASPI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.75. With this latest performance, ASPI shares dropped by -25.31% in over the last four-week period, additionally plugging by 10.18% over the last 6 months – not to mention a rise of 131.90% 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 40.09, with the RSI for the last a single of trading hit 33.83, and the three-weeks RSI is set at 44.35 for ASP Isotopes Inc [ASPI]. The present Moving Average for the last 50 days of trading for this stock 5.34, while it was recorded at 5.09 for the last single week of trading, and 3.88 for the last 200 days.

ASP Isotopes Inc [ASPI]: A deeper dive into fundamental analysis

ASP Isotopes Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.54 and a Current Ratio set at 7.55.

An analysis of Institutional ownership at ASP Isotopes Inc [ASPI]

There are presently around $31.64%, or 48.20%% of ASPI stock, in the hands of institutional investors.