Aspen Technology Inc. (NASDAQ:AZPN) went up by 0.49% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Application giant went up by $104.31 to trade ended Thursday trading at $103.80. This is up from the $103.8 price recorded on Wednesday’s trading session. Thanks to this latest performance, AZPN is closer to the higher price 52-week target of $135.00 and further from the lowest price target of $100.00. Its performance from the start of the year has also been negative, with AZPN down by -13.74% year-to-date.
Aspen Technology Inc. (AZPN) started the day trading at $104.68 and recorded an intraday high of $104.77. It also recorded an intraday low of $101.91 during Thursday’s trading session. Aspen Technology Inc. is a very active stock that recorded a trading volume that is less than -32.48% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 392314, which is less than -32.48 of the total average daily trading volume of 519.73K.
Aspen Technology Inc. (NASDAQ:AZPN) 2020 Performance Impressive
The increase in AZPN’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of AZPN currently stands at $142.89, which is higher than the current trading price of the stock by 27.0%. However, AZPN’s current trading price is -42.75% lower than the 52-week low price of $73.07. In terms of trading volume, Aspen Technology Inc. currently experienced healthy participation during the last trading session. 392314 shares of Aspen Technology Inc. were traded on the stock exchange on Thursday, which is less than -32.48% of the 519.73K average trading volume of the stock.
The performance of the stock has been positive over the past year. AZPN’s performance over the past one year has seen it plunge by -20.14%, while the stock has gone down by -20.46% in the last six months. The quarterly performance of AZPN currently stands at 9.95%, and it is down by -3.67% in the last month. The only positive figure was from the weekly performance, which currently reads 0.44%. At the time of writing AZPN’s report, the company has a total market cap of $7.03B, making it one of the largest publicly-traded companies in the world.Aspen Technology Inc. also has over 1600 employees all over the world.
AZPN Insider Activities
The insider transactions over the past six months are down by -2.50%.For Aspen Technology Inc. insiders bought 49,700 shares in 6 transactions. In that same period, insiders sold 70,094 of their shares in 13 transactions. After these transactions, insiders at Aspen Technology Inc. now hold 229.84k shares, which is over 101.29% of the total company stocks. Institutional investors currently hold a large chunk of the AZPN shares, as they control 0.34% of the company’s total stock.
AZPN Fundamental Analysis
For Aspen Technology Inc., the stock’s diluted earnings per share (EPS) stands at 3.35. In the coming year, analysts expect the EPS to be 3.65. The EPS growth will up over the next five years to 2.00% after surging by 32.30% in the previous five years. In terms of revenue, Aspen Technology Inc.’s quarterly sales (YOY) is growing at 1.18, which is lower than the average annual revenue of 32.30% over the past half a decade.
The Return on Investment (ROI) on Aspen Technology Inc.’s stock currently stands at 39.50%, and it has a net profit margin of 39.50%. The operating margin of the company is 42.00%, and its gross margin is 89.40%.
AZPN Analysts Prediction
In April 02, 2020, several analysts reiterated their positions on the Aspen Technology Inc. stock and predicted its performance to their investors. The analysts at Robert W. Baird believe AZPN is still a Neutral and set the price target between $110 and $100. Another analyst that has a Underweight rating for AZPN is JP Morgan, which set a price target of between $131 and $123. The Benchmark Company reiterate their Buy position on the stock ($133 and $152) and BofA/Merrill reiterate their Neutral position on the stock ($130 and $136).
Analysts at The Benchmark Company believe that AZPN is Buy, and they have a price target of between $113 and $133. The Benchmark Company and The Benchmark Company also believe that Aspen Technology Inc.’s stock is outperforming at the moment. AZPN received a positive rating from Wedbush, which set a price target of $104-$131 for the stock.
At the moment, Aspen Technology Inc.’s Total Debt to Equity ratio stands at 1.12, and they have a long-term Debt to Equity ratio of 0.77.
AZPN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of AZPN currently stands at 1.83%, while the SMA50 is 2.58%. The biggest one is the SMA200, which is currently reading -6.95% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 53.09, while its price to earnings ratio (P/E) is 31.15.