Investors Purchase High Volume of ASP Isotopes Call Options (NASDAQ:ASPI)

ASP Isotopes Inc. (NASDAQ:ASPI) saw unusually large options trading activity on Wednesday. Investors purchased 28,640 call options on the stock. Thisrepresentsanincreaseof342% compared to the average daily volume of 6,475 call options.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price target on shares of ASP Isotopes from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st.

ASP Isotopes Price Performance

ASPI stock opened at $10.57 on Friday. ASP Isotopes has a 1 year low of $1.95 and a 1 year high of $11.68. The company has a market cap of $886.82 million, a P/E ratio of -17.33 and a beta of 3.36. The firm has a 50-day moving average of $8.63 and a 200 day moving average of $6.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 7.21 and a quick ratio of 7.17.

ASP Isotopes (NASDAQ:ASPI) last released its quarterly earnings results on Monday, August 18th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.92). ASP Isotopes had a negative return on equity of 88.40% and a negative net margin of 767.86%. On average, sell-side analysts forecast that ASP Isotopes will post -0.24 EPS for the current year.

Hedge Funds Weigh In On ASP Isotopes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC purchased a new stake in ASP Isotopes in the fourth quarter worth approximately $54,000. JPMorgan Chase & Co. boosted its holdings in ASP Isotopes by 854.6% in the fourth quarter. JPMorgan Chase & Co. now owns 211,893 shares of the company’s stock worth $960,000 after purchasing an additional 189,697 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ASP Isotopes by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 1,175,450 shares of the company’s stock worth $5,326,000 after purchasing an additional 57,027 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in ASP Isotopes by 57.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,472 shares of the company’s stock worth $111,000 after purchasing an additional 8,925 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in ASP Isotopes by 56.3% in the fourth quarter. Russell Investments Group Ltd. now owns 10,221 shares of the company’s stock worth $46,000 after purchasing an additional 3,682 shares during the last quarter. 16.80% of the stock is owned by institutional investors.

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.