Aspen Aerogels Inc. (NYSE: ASPN) Coverage Initiated at Craig Hallum

Analysts at Craig Hallum initiated coverage on Aspen Aerogels Inc. (NYSE: ASPN) stock, rating the company at Buy. The company currently has a rating of Buy on the shares. The one-year price target of $7.75 is higher than the opening price of $5.20, causing a fair amount of other analysts to comment on the company recently. Looking back over the last year, Aspen Aerogels Inc. stock has a high of $8.87. Price changes targets are not unusual as analysts and brokerage firms will publish periodic updates after beginning or initiating coverage.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Shares of Aspen Aerogels Inc. (NYSE: ASPN) opened at $5.20 yesterday and traded in a range between, $5.10 and $5.37, and last traded at $5.22, which represents an increase of $0.26 compared to the previous closing price.

Aspen Aerogels Inc. (NYSE: ASPN) now has a market cap of 107.44M.

The stock’s average daily volume is 76,112 shares out of a total float 16,431,000 and some 54,137 shares traded hands yesterday, 17 percent below the average. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to identify heavy volume growth or dissemination by institutional investors.

As with all potential breakouts, investors watch for volume to be at least 40%-50% higher than normal on the breakout to demonstrate that fund managers and other professional investors are jumping in.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have substantial teams of analysts that investigate thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.

By tracking the activity of these professional investors and how they influence moving averages, traders can make educated trades.

With that in mind, Aspen Aerogels Inc. (NYSE: ASPN) now has a 50-day MA of $4.88 and 200-day MA of $4.60. It has traded in a 52-week range between $3.38 – 8.87 and today’s last price is 0.41% lower than the 52 week high of $8.87.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have been successful at growing their earnings by at least 25% for the past 3 years.

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