Stock To Watch: Aspen Technology, Inc. (NASDAQ:AZPN)


The leading market experts have placed a mean price target of $43.75 on Aspen Technology, Inc. (NASDAQ:AZPN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.45 a share for the upcoming quarter and $1.80 for the current fiscal.

Technical View

The technical analysis of Aspen Technology, Inc. plainly substantiates that the 50-day moving average of Aspen Technology, Inc. is $42.86, and stock is trading $2.40 points away or +5.61% from its 50-day moving average of $42.86. Further it is trading $7.22 or +18.97% away its 200-day moving average of $38.04. Aspen Technology, Inc. (NASDAQ:AZPN) 52-week high is $46.18 and the 52-week low is $29.25.

This explains if the stock moves $-0.92, it will post a 52-week high. In event of +54.74% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Aspen Technology, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Aspen Technology, Inc. (NASDAQ:AZPN) ratio came in at 26.94.

The stock last ended the trading session at $45.26 and registered a market cap of $3.61B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Aspen Technology, Inc. (NASDAQ:AZPN) PEG ratio is at 1.94.

1 Chart Pattern Every Investor Should Know

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