Insider Buying: ASP Isotopes Inc. (NASDAQ:ASPI) Major Shareholder Purchases 70,000 Shares of Stock

ASP Isotopes Inc. (NASDAQ:ASPIGet Free Report) major shareholder Ak Jensen Investment Managemen purchased 70,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were acquired at an average price of $3.05 per share, with a total value of $213,500.00. Following the purchase, the insider now directly owns 6,586,874 shares in the company, valued at approximately $20,089,965.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ak Jensen Investment Managemen also recently made the following trade(s):

  • On Wednesday, July 10th, Ak Jensen Investment Managemen purchased 61,849 shares of ASP Isotopes stock. The shares were acquired at an average price of $3.40 per share, with a total value of $210,286.60.

ASP Isotopes Stock Up 14.9 %

ASP Isotopes stock traded up $0.46 during trading on Wednesday, hitting $3.54. 1,162,705 shares of the company were exchanged, compared to its average volume of 739,278. The business’s 50 day moving average is $3.97 and its 200 day moving average is $3.39. ASP Isotopes Inc. has a 52 week low of $0.57 and a 52 week high of $5.67. The company has a market capitalization of $183.23 million, a P/E ratio of -6.17 and a beta of 5.12. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.70.

ASP Isotopes (NASDAQ:ASPIGet Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.84 million for the quarter. Analysts predict that ASP Isotopes Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price objective on ASP Isotopes from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

View Our Latest Stock Report on ASP Isotopes

Institutional Investors Weigh In On ASP Isotopes

Institutional investors have recently added to or reduced their stakes in the company. HTLF Bank bought a new stake in ASP Isotopes in the 4th quarter worth about $141,000. Virtu Financial LLC grew its holdings 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 valued at $346,000 after acquiring an additional 69,176 shares in the last quarter. Rathbones Group PLC bought a new position in shares of ASP Isotopes in the fourth quarter valued at approximately $272,000. Finally, Vanguard Group Inc. grew its holdings in shares of ASP Isotopes by 479.1% in the first quarter. Vanguard Group Inc. now owns 1,021,019 shares of the company’s stock valued at $4,217,000 after acquiring an additional 844,705 shares in the last quarter. 16.80% of the stock is owned by institutional investors.

ASP Isotopes Company Profile

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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.

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