A Great Bargain Stock You Could Consider Is Aspen Group Inc …
Aspen Group Inc. (NASDAQ:ASPU) has a beta value of 1.43 and has seen 1.22 million shares traded in the last trading session. The company, currently valued at £3.39M, closed the last trade at £0.13 per share which meant -3.77% during that session. The ASPU stock price is -1369.23% off its 52-week high price of £1.91 and 23.08% above the 52-week low of £0.10.
If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.76 million shares traded. The 3-month trading volume is 821.54K shares. Sporting -3.77% in the red in last session when the ASPU stock price touched £0.13 or saw a rise of 21.16%.
Year-to-date, Aspen Group Inc. shares have moved -58.84%, while the 5-day performance has seen it change 27.47%. Over the past 30 days, the shares of Aspen Group Inc. (NASDAQ:ASPU) have changed -33.50%. Short interest in the company has seen 87830.0 shares shorted with days to cover at 0.86.
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Aspen Group Inc. (ASPU) estimates and forecasts
Figures show that Aspen Group Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -69.62% over the past 6 months, with this year growth rate of -30.00%, compared to 14.90% for the industry. Revenue growth from the last financial year stood is estimated to be -15.50%.
2 analysts offering their estimates for the company have set an average revenue estimate of £14.5 million for the current quarter.
2 have an estimated revenue figure of £14.35 million for the next quarter concluding in Apr 2023. Year-ago sales stood £18.95 million and £19.38 million respectively for this quarter and the next, and analysts expect sales will shrink by -23.50% for the current quarter and -25.90% for the next. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32.00% over the past 5 years.
Earnings growth for 2023 is a modest 12.90% while over the next 5 years, the company’s earnings are expected to increase by 40.00%.
ASPU Dividends
Aspen Group Inc. is expected to release its next earnings report between March 13 and March 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Aspen Group Inc. (NASDAQ:ASPU)’s Major holders
Insiders own 17.05% of the company shares, while shares held by institutions stand at 36.32% with a share float percentage of 43.78%. Investors are also buoyed by the number of investors in a company, with Aspen Group Inc. having a total of 40 institutions that hold shares in the company. The top two institutional holders are Long Focus Capital Management, LLC with over 2.71 million shares worth more than £1.04 million.
As of Sep 29, 2022, Long Focus Capital Management, LLC held 14.68% of shares outstanding. The other major institutional holder is Perkins Capital Management, Inc., with the holding of over 0.97 million shares as of Dec 30, 2022. The firm’s total holdings are worth over £0.3 million and represent 5.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund.
As of Sep 29, 2022, the former fund manager holds about 3.13% shares in the company for having 0.58 million shares of worth £0.22 million while later fund manager owns 0.33 million shares of worth £0.13 million as of Sep 29, 2022, which makes it owner of about 1.79% of company’s outstanding stock.