ASP Isotopes Inc. (ASPI)Basic Materials | Chemicals | Dallas, United States | NasdaqCM
3.88 USD
-0.16
(-3.960%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 3.92 +0.04 (1.036%) ⇧ (Aug. 28, 2026, 7:57 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:02 a.m. EDT
The investment case here is defined by a stark disconnect between the company's deteriorating fundamentals and the market's desperate search for a binary catalyst. Fundamentally, ASP Isotopes is in distress: it is burning cash with negative operating margins, generating negative free cash flow, and carrying a debt load that exceeds its equity. The balance sheet is fragile, and the lack of dividends reflects the reality that capital is being consumed, not returned. While the price has rallied significantly over the last two years, this appears to be driven by narrative around facility restarts and strategic mergers rather than sustainable earnings power. The options activity confirms that the market is not betting on a slow recovery but on a specific, high-impact event. The heavy concentration of open interest in deep out-of-the-money strikes suggests traders are waiting for a 'moonshot' scenario to validate the current valuation, which currently trades at a premium to sales despite negative earnings. With a beta of 3.6, the stock offers extreme volatility suitable only for aggressive speculation on a catalyst, not for investors seeking value or income. Until the company demonstrates a path to profitability or a concrete timeline for cash-flow-positive operations, the risk of permanent capital loss remains high. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.379014 |
| AutoETS | 0.379023 |
| AutoTheta | 0.397655 |
| MSTL | 0.417850 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 27% |
| H-stat | 21.64 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.127 |
| Excess Kurtosis | -1.48 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 98.091 |
| Revenue per Share | 0.285 |
| Market Cap | 594,840,384 |
| Forward P/E | -3.34 |
| Beta | 3.62 |
| Website | https://aspisotopes.com |
As of Aug. 22, 2026, 5:02 a.m. EDT: Speculators are aggressively positioning for a massive gap-up, evidenced by heavy volume in deep out-of-the-money calls (strikes 8.0, 9.0) and significant open interest in deep out-of-the-money puts (strikes 0.5, 1.0). This creates a 'long gamma' environment where the market is pricing in a binary event—either a massive rally to unlock the OTM calls or a crash to test the put floor. The skew suggests a speculative bet on a catalyst rather than a steady grind higher.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.5524798 |
| Address1 | 2,200 Ross Avenue |
| Address2 | Suite 4575E |
| All Time High | 14.49 |
| All Time Low | 0.28 |
| Ask | 5.01 |
| Ask Size | 2 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 3,273,770 |
| Average Daily Volume3 Month | 4,249,885 |
| Average Volume | 4,249,885 |
| Average Volume10Days | 3,273,770 |
| Beta | 3.619 |
| Bid | 3.87 |
| Bid Size | 1 |
| Board Risk | 10 |
| Book Value | 2.034 |
| City | Dallas |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 3.88 |
| Current Ratio | 3.873 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 4.11 |
| Day Low | 3.86 |
| Debt To Equity | 98.091 |
| Display Name | ASP Isotopes |
| Earnings Call Timestamp End | 1,776,081,600 |
| Earnings Call Timestamp Start | 1,776,081,600 |
| Earnings Timestamp End | 1,794,513,600 |
| Earnings Timestamp Start | 1,794,513,600 |
| Ebitda | -91,506,000 |
| Ebitda Margins | -2.9659698 |
| Enterprise To Ebitda | -6.771 |
| Enterprise To Revenue | 20.083 |
| Enterprise Value | 619,585,408 |
| Eps Current Year | -2.4 |
| Eps Forward | -1.16 |
| Eps Trailing Twelve Months | -1.38 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 4.6873 |
| Fifty Day Average Change | -0.8073001 |
| Fifty Day Average Change Percent | -0.17223136 |
| Fifty Two Week Change Percent | -55.247982 |
| Fifty Two Week High | 14.49 |
| Fifty Two Week High Change | -10.61 |
| Fifty Two Week High Change Percent | -0.7322291 |
| Fifty Two Week Low | 3.51 |
| Fifty Two Week Low Change | 0.37000012 |
| Fifty Two Week Low Change Percent | 0.10541314 |
| Fifty Two Week Range | 3.51 - 14.49 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,668,090,600,000 |
| Float Shares | 132,719,930 |
| Forward Eps | -1.16 |
| Forward P E | -3.344828 |
| Free Cashflow | -28,586,018 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 271 |
| Fullday Change | -0.16 |
| Fullday Change Percent | -3.96039 |
| Fullday Price | 3.9202 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.1832 |
| Gross Profits | 5,652,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.10771 |
| Held Percent Institutions | 0.48080003 |
| Implied Shares Outstanding | 153,309,380 |
| Industry | Chemicals |
| Industry Disp | Chemicals |
| Industry Key | chemicals |
| Ipo Expected Date | 2,022-11-10 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | ASP Isotopes Inc., a development stage advanced materials company, engages in the production, distribution, marketing, and sale of isotopes in South Africa,Hong Kong, and United States. It operates in two segments, Nuclear Fuels, and Specialist Isotopes and Related Services. The Nuclear Fuels segment focuses on the research and development of technologies and methods used to produce high-assay low-enriched uranium (HALEU) and Lithium-6 for the advanced nuclear fuels target end market. Its Specialist Isotopes and Related Services segment engages in the research and development of technologies and methods used to separate high-value, low-volume isotopes, such as C-14, Mo-100 and Si-28, for target end markets, including pharmaceuticals and agrochemicals, nuclear medical imaging, and semiconductors; provision of related services; and operation of PET labs. The company offers the Aerodynamic Separation Process (ASP) technology, which separates gas species and isotopes in a volatile state; and the Quantum Enrichment (QE) technology, which separates isotopes. It also produces and commercializes Molybdenum-100, Molybdenum-98, and Ytterbium-176 for the nuclear medical industry. In addition, the company develops Zinc-68, Nickel-64, and Xenon-129/136 for the nuclear medical industry; Lithium-7, Uranium-235, and Chlorine-37 for the energy industry; and Germanium-70/72/74 for semiconductor markets. The company was incorporated in 2021 and is based in Dallas, Texas. |
| Long Name | ASP Isotopes Inc. |
| Market | us_market |
| Market Cap | 594,840,384 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1800354762 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -151,630,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 620,136,442 |
| Number Of Analyst Opinions | 3 |
| Open | 4.05 |
| Operating Cashflow | -67,803,000 |
| Operating Margins | -6.6748 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 214 432 8219 |
| Post Market Change | 0.040199995 |
| Post Market Change Percent | 1.0360823 |
| Post Market Price | 3.9202 |
| Post Market Time | 1,787,961,437 |
| Previous Close | 4.04 |
| Price Eps Current Year | -1.6166667 |
| Price Hint | 4 |
| Price To Book | 1.9075714 |
| Price To Sales Trailing12 Months | 19.280449 |
| Profit Margins | 0.0 |
| Quick Ratio | 3.692 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | -0.16 |
| Regular Market Change Percent | -3.96039 |
| Regular Market Day High | 4.11 |
| Regular Market Day Low | 3.86 |
| Regular Market Day Range | 3.86 - 4.11 |
| Regular Market Open | 4.05 |
| Regular Market Previous Close | 4.04 |
| Regular Market Price | 3.88 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 2,754,409 |
| Return On Assets | -0.17013 |
| Return On Equity | -0.90348 |
| Revenue Growth | 3.276 |
| Revenue Per Share | 0.285 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 153,309,380 |
| Shares Percent Shares Out | 0.17469999 |
| Shares Short | 26,784,809 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 24,237,238 |
| Short Name | ASP Isotopes Inc. |
| Short Percent Of Float | 0.1909 |
| Short Ratio | 7.09 |
| Source Interval | 15 |
| State | TX |
| Symbol | ASPI |
| Target High Price | 15.0 |
| Target Low Price | 11.0 |
| Target Mean Price | 13.0 |
| Target Median Price | 13.0 |
| Total Cash | 254,896,000 |
| Total Cash Per Share | 1.663 |
| Total Debt | 269,544,000 |
| Total Revenue | 30,852,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.38 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 5.648525 |
| Two Hundred Day Average Change | -1.7685251 |
| Two Hundred Day Average Change Percent | -0.31309503 |
| Type Disp | Equity |
| Volume | 2,754,409 |
| Website | https://aspisotopes.com |
| Zip | 75,201 |