ASP Isotopes (NASDAQ:ASPI) Shares Gap Up - What's Next?

ASP Isotopes Inc. (NASDAQ:ASPI - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.99, but opened at $7.48. ASP Isotopes shares last traded at $8.20, with a volume of 5,726,945 shares traded.

Analyst Upgrades and Downgrades

Several analysts have commented on ASPI shares. Canaccord Genuity Group reiterated a "buy" rating and set a $4.50 target price on shares of ASP Isotopes in a research note on Friday, October 18th. Canaccord Genuity Group started coverage on ASP Isotopes in a research report on Friday, October 4th. They set a "buy" rating and a $4.50 price objective on the stock. Finally, HC Wainwright decreased their target price on ASP Isotopes from $5.50 to $4.50 and set a "buy" rating for the company in a research report on Wednesday, August 7th.

ASP Isotopes Stock Up 11.4 %

The company has a market cap of $532.91 million, a P/E ratio of -12.62 and a beta of 5.11. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.06. The company has a fifty day moving average of $3.26 and a 200 day moving average of $3.36.

ASP Isotopes (NASDAQ:ASPI - Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $1.02 million for the quarter. On average, research analysts anticipate that ASP Isotopes Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fielder Capital Group LLC purchased a new stake in shares of ASP Isotopes in the 2nd quarter worth $55,000. Rhumbline Advisers purchased a new stake in ASP Isotopes in the second quarter worth about $116,000. HTLF Bank raised its stake in shares of ASP Isotopes by 197.0% in the second quarter. HTLF Bank now owns 105,538 shares of the company's stock worth $323,000 after buying an additional 70,000 shares during the period. Virtu Financial LLC raised its stake in shares of ASP Isotopes by 477.0% in the first quarter. Virtu Financial LLC now owns 83,677 shares of the company's stock worth $346,000 after buying an additional 69,176 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of ASP Isotopes during the 2nd quarter valued at about $381,000. Hedge funds and other institutional investors own 16.80% of the company's stock.

ASP Isotopes Company Profile

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.