Aspen Aerogels, Inc.’s (NYSE:ASPN) 29% Share Price Surge Not Quite Adding Up
Those holding Aspen Aerogels, Inc. (NYSE:ASPN) shares would be relieved that the share price has rebounded 29% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 78% share price drop in the last twelve months.
Although its price has surged higher, it’s still not a stretch to say that Aspen Aerogels’ price-to-sales (or “P/S”) ratio of 1.2x right now seems quite “middle-of-the-road” compared to the Chemicals industry in the United States, seeing as it matches the P/S ratio of the wider industry. Although, it’s not wise to simply ignore the P/S without…
