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Can Aspen Technology Inc. (AZPN) stock grow even further?

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Robert W. Baird raised the price target for the Aspen Technology Inc. (NASDAQ:AZPN) stock from “a Neutral” to “an Outperform”. The rating was released on February 03, 2021. We previously noted in another research note published on December 15, 2020 by The Benchmark Company that reiterated the stock to a Buy with a price target of $155 for AZPN stock. The stock was initiated by Wolfe Research, who disclosed in a research note on August 25, 2020, to Underperform and set the price objective to $112. In their research brief published April 02, 2020, Robert W. Baird analysts downgraded the Aspen Technology Inc. stock from Outperform to Neutral with a price target of $100.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.05 during the last quarter as opposed to a consensus estimate of $1.11, which indicates the company missed its estimate by -$0.06, which implies that the company surprised the market by -5.40%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $1.57. This is an average of 8 analysts’ earnings, where the high earnings per share estimate is $1.87 and the low earnings per share estimate is $1.41. According to 8 analyst estimates, an average revenue estimate of $212.17M is projected for the current quarter with a high revenue estimate of $238.5M and a low estimate of $204M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Aspen Technology Inc. (NASDAQ:AZPN) dipped -13.24% to close Thursday’s market session at $132.64, lower as compared to yesterday’s close. The stock price fluctuated between $130.99 and $137.3397 throughout the trading session with the volume trading being 2849669 shares, which represented a significant variation when compared to the three months average volume of 367.55K shares. The firm’s stock price fluctuated -11.11% within the last five trades and -7.60% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.30% in the last 6 months and -1.54% was subtracted to its value over the previous 3 months. AZPN stock is trading at a margin of -12.49%, -11.85% and 0.15% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, AZPN deals in the Technology domain. The stock is trading -18.41 percent below its 52-week high and 45.52 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 28.33. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Aspen Technology Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 51.10 percent and the profit margin is 44.60 percent, and the company has reported a gross margin of 91.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $8.90 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Aspen Technology Inc. (NASDAQ:AZPN) is 29.53. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 25.71. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 12.92 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 13.75, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Hague John, the EVP, Operations at Aspen Technology Inc. (AZPN) has sold 550 shares of firm on Apr 15 at a price of $151.36 against the total amount of $83248.0. In another inside trade, Hague John, EVP, Operations of Aspen Technology Inc. (NASDAQ:AZPN) sold 552 shares of the firm on Apr 13 for a total worth of $84539.0 at a price of $153.15. An inside trade which took place on Feb 04, EVP, Operations of Aspen Technology Inc. Hague John sold 3,488 shares of firm against total price of $0.5 million at the cost of $144.21 per share.

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