Aspen Technology Net Worth

Aspen Technology Net Worth Breakdown

  AZPN
The net worth of Aspen Technology is the difference between its total assets and liabilities. Aspen Technology's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Aspen Technology's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Aspen Technology's net worth can be used as a measure of its financial health and stability which can help investors to decide if Aspen Technology is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Aspen Technology stock.

Aspen Technology Net Worth Analysis

Aspen Technology's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Aspen Technology's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Aspen Technology's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Aspen Technology's net worth analysis. One common approach is to calculate Aspen Technology's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Aspen Technology's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Aspen Technology's net worth. This approach calculates the present value of Aspen Technology's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Aspen Technology's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Aspen Technology's net worth. This involves comparing Aspen Technology's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Aspen Technology's net worth relative to its peers.

Enterprise Value

10.07 Billion

To determine if Aspen Technology is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Aspen Technology's net worth research are outlined below:
The company reported the previous year's revenue of 1.13 B. Net Loss for the year was (9.77 M) with profit before overhead, payroll, taxes, and interest of 714.09 M.
About 58.0% of the company shares are held by company insiders
Latest headline from gurufocus.com: Aspen Technology Inc Announces Q2 Fiscal Year 2025 Financial Results Release Date

Aspen Technology Quarterly Good Will

8.33 Billion

Aspen Technology uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Aspen Technology. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Aspen Technology's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
6th of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of August 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of June 2023
Last Financial Announcement
View

Aspen Technology Target Price Consensus

Aspen target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Aspen Technology's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   10  Buy
Most Aspen analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Aspen stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Aspen Technology, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Aspen Technology Target Price Projection

Aspen Technology's current and average target prices are 251.52 and 248.89, respectively. The current price of Aspen Technology is the price at which Aspen Technology is currently trading. On the other hand, Aspen Technology's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Aspen Technology Market Quote on 18th of January 2025

Low Price250.62Odds
High Price251.82Odds

251.52

Target Price

Analyst Consensus On Aspen Technology Target Price

Low Estimate226.49Odds
High Estimate276.26Odds

248.8872

Historical Lowest Forecast  226.49 Target Price  248.89 Highest Forecast  276.26
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Aspen Technology and the information provided on this page.

Know Aspen Technology's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Aspen Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Aspen Technology backward and forwards among themselves. Aspen Technology's institutional investor refers to the entity that pools money to purchase Aspen Technology's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Independent Franchise Partners Llp2024-09-30
555.6 K
Wells Fargo & Co2024-09-30
546.8 K
Bamco Inc2024-09-30
468 K
Clearbridge Advisors, Llc2024-09-30
456.1 K
Jpmorgan Chase & Co2024-09-30
363.4 K
Wellington Management Company Llp2024-09-30
330.5 K
Valley Forge Capital Management, Lp2024-09-30
295.5 K
Raymond James & Associates2024-09-30
282 K
Morgan Stanley - Brokerage Accounts2024-09-30
271.8 K
Kayne Anderson Rudnick Investment Management Llc2024-09-30
4.2 M
Blackrock Inc2024-09-30
M
Note, although Aspen Technology's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Aspen Technology's market capitalization trends

The company currently falls under 'Large-Cap' category with a current market capitalization of 15.87 B.

Market Cap

10.24 Billion

Project Aspen Technology's profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets(0.01)(0.01)
Return On Capital Employed(0.01)(0.01)
The company has Profit Margin (PM) of (0.03) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.41) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.41.
When accessing Aspen Technology's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Aspen Technology's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Aspen Technology's profitability and make more informed investment decisions.

Evaluate Aspen Technology's management efficiency

As of the 18th of January 2025, Return On Tangible Assets is likely to grow to -0.0054. In addition to that, Return On Capital Employed is likely to drop to -0.0079. At this time, Aspen Technology's Intangibles To Total Assets are very stable compared to the past year. As of the 18th of January 2025, Fixed Asset Turnover is likely to grow to 17.72, while Other Current Assets are likely to drop about 22.9 M. Aspen Technology's management efficiency ratios could be used to measure how well Aspen Technology manages its routine affairs as well as how well it operates its assets and liabilities.
Last ReportedProjected for Next Year
Book Value Per Share 181.00  190.05 
Tangible Book Value Per Share 5.41  5.68 
Enterprise Value Over EBITDA 27.81  29.20 
Price Book Value Ratio 1.13  1.32 
Enterprise Value Multiple 27.81  29.20 
Price Fair Value 1.13  1.32 
Enterprise Value9.6 B10.1 B
Effective leadership at Aspen Technology drives its competitive edge in the market. Our analysis focuses on how this translates to financial performance and stock value.
Enterprise Value Revenue
14.3838
Revenue
1.1 B
Quarterly Revenue Growth
(0.13)
Revenue Per Share
17.245
Return On Equity
(0)
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Aspen Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Aspen Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Aspen Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
David Baker over two weeks ago
Disposition of 246 shares by David Baker of Aspen Technology at 248.95 subject to Rule 16b-3
 
Stagno Christopher over two months ago
Disposition of 185 shares by Stagno Christopher of Aspen Technology at 237.25 subject to Rule 16b-3
 
David Baker over three months ago
Disposition of 832 shares by David Baker of Aspen Technology at 234.14 subject to Rule 16b-3
 
Antonio Pietri over three months ago
Acquisition by Antonio Pietri of 24819 shares of Aspen Technology subject to Rule 16b-3
 
David Baker over three months ago
Acquisition by David Baker of 4002 shares of Aspen Technology subject to Rule 16b-3
 
Mark Mouritsen over six months ago
Disposition of 207 shares by Mark Mouritsen of Aspen Technology at 197.89 subject to Rule 16b-3
 
Baker David John over six months ago
Acquisition by Baker David John of 2076 shares of Aspen Technology subject to Rule 16b-3
 
Baker David John over six months ago
Disposition of tradable shares by Baker David John of Aspen Technology subject to Rule 16b-3
 
Antonio Pietri over six months ago
Disposition of 4762 shares by Antonio Pietri of Aspen Technology subject to Rule 16b-3
 
Whelan, Jr. Robert M. over six months ago
Disposition of 2333 shares by Whelan, Jr. Robert M. of Aspen Technology at 48.76 subject to Rule 16b-3
 
Henshall David J over six months ago
Acquisition by Henshall David J of 988 shares of Aspen Technology subject to Rule 16b-3
 
Stagno Christopher over six months ago
Disposition of 103 shares by Stagno Christopher of Aspen Technology at 207.91 subject to Rule 16b-3

Aspen Technology Corporate Filings

F4
6th of January 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
19th of December 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
20th of November 2024
Other Reports
ViewVerify
13A
8th of November 2024
An amended filing to the original Schedule 13G
ViewVerify
Aspen Technology time-series forecasting models is one of many Aspen Technology's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Aspen Technology's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Aspen Technology Earnings Estimation Breakdown

The calculation of Aspen Technology's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Aspen Technology is estimated to be 1.915 with the future projection ranging from a low of 1.33 to a high of 2.15. Please be aware that this consensus of annual earnings estimates for Aspen Technology is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
0.0
1.33
Lowest
Expected EPS
1.915
2.15
Highest

Aspen Technology Earnings Projection Consensus

Suppose the current estimates of Aspen Technology's value are higher than the current market price of the Aspen Technology stock. In this case, investors may conclude that Aspen Technology is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Aspen Technology's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2025Current EPS (TTM)
1166.82%
0.0
1.915
-0.58

Aspen Technology Earnings History

Earnings estimate consensus by Aspen Technology analysts from Wall Street is used by the market to judge Aspen Technology's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Aspen Technology's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Aspen Technology Quarterly Gross Profit

120.43 Million

At this time, Aspen Technology's Retained Earnings Total Equity is very stable compared to the past year. As of the 18th of January 2025, Price Earnings To Growth Ratio is likely to grow to 13.40, though Retained Earnings are likely to grow to (55.9 M). As of the 18th of January 2025, Net Income Applicable To Common Shares is likely to grow to about 110.2 M, while Common Stock Shares Outstanding is likely to drop about 66.7 M.
Hype
Prediction
LowEstimatedHigh
250.27251.11251.95
Details
Intrinsic
Valuation
LowRealHigh
220.22221.06276.06
Details
10 Analysts
Consensus
LowTargetHigh
226.49248.89276.26
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.331.922.15
Details
Note that many institutional investors and large investment bankers can move markets due to the volume of Aspen assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Aspen Technology. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Aspen Technology's stock price in the short term.

Aspen Technology Earnings per Share Projection vs Actual

Actual Earning per Share of Aspen Technology refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Aspen Technology predict the company's earnings will be in the future. The higher the earnings per share of Aspen Technology, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Aspen Technology Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Aspen Technology, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Aspen Technology should always be considered in relation to other companies to make a more educated investment decision.

Aspen Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Aspen Technology's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
null
nullnullnullnull
2024-12-13
2024-09-301.570.85-0.7245 
2024-08-06
2024-06-302.082.370.2913 
2024-05-07
2024-03-311.461.70.2416 
2024-02-06
2023-12-311.51.37-0.13
2023-11-06
2023-09-301.441.16-0.2819 
2023-08-01
2023-06-302.172.13-0.04
2023-04-26
2023-03-311.741.06-0.6839 
2023-01-25
2022-12-311.320.35-0.9773 
2022-10-26
2022-09-301.252.20.9576 
2022-08-08
2022-06-302.162.430.2712 
2022-04-27
2022-03-311.371.380.01
2022-01-26
2021-12-311.291.2-0.09
2021-10-27
2021-09-300.650.770.1218 
2021-08-11
2021-06-301.471.530.06
2021-04-28
2021-03-311.111.05-0.06
2021-01-27
2020-12-311.172.040.8774 
2020-12-22
2020-09-300.910.58-0.3336 
2020-08-12
2020-06-301.171.540.3731 
2020-05-06
2020-03-310.860.74-0.1213 
2020-01-29
2019-12-310.80.66-0.1417 
2019-10-30
2019-09-300.640.790.1523 
2019-08-07
2019-06-301.091.590.545 
2019-04-24
2019-03-310.830.960.1315 
2019-01-23
2018-12-310.620.920.348 
2018-10-24
2018-09-300.520.640.1223 
2018-08-08
2018-06-300.560.590.03
2018-04-25
2018-03-310.520.580.0611 
2018-01-24
2017-12-310.50.590.0918 
2017-10-26
2017-09-300.480.530.0510 
2017-08-10
2017-06-300.440.790.3579 
2017-05-02
2017-03-310.430.520.0920 
2017-01-26
2016-12-310.460.520.0613 
2016-10-27
2016-09-300.430.490.0613 
2016-08-11
2016-06-300.390.440.0512 
2016-04-28
2016-03-310.410.490.0819 
2016-01-28
2015-12-310.390.470.0820 
2015-10-29
2015-09-300.420.470.0511 
2015-08-13
2015-06-300.340.390.0514 
2015-04-28
2015-03-310.310.370.0619 
2015-01-28
2014-12-310.30.360.0620 
2014-10-28
2014-09-300.270.350.0829 
2014-08-13
2014-06-300.210.310.147 
2014-04-29
2014-03-310.190.280.0947 
2014-01-30
2013-12-310.170.270.158 
2013-10-29
2013-09-300.150.190.0426 
2013-08-15
2013-06-300.080.140.0675 
2013-04-30
2013-03-310.050.140.09180 
2013-01-29
2012-12-310.050.130.08160 
2012-11-01
2012-09-300.020.080.06300 
2012-08-21
2012-06-30-0.04-0.040.0
2012-05-01
2012-03-31-0.050.010.06120 
2012-01-31
2011-12-31-0.050.060.11220 
2011-11-01
2011-09-30-0.08-0.09-0.0112 
2011-08-23
2011-06-30-0.22-0.20.02
2011-05-03
2011-03-31-0.2-0.040.1680 
2011-02-08
2010-12-31-0.2-0.090.1155 
2010-11-02
2010-09-30-0.22-0.140.0836 
2010-09-02
2010-06-30-0.22-0.37-0.1568 
2010-05-06
2010-03-31-0.25-0.240.01
2010-02-09
2009-12-31-0.23-0.34-0.1147 
2009-12-21
2009-09-30-0.24-0.230.01
2009-06-30
2009-03-310.180.20.0211 
2009-02-19
2008-12-310.280.11-0.1760 
2008-04-14
2008-03-310.120.02-0.183 
2007-05-09
2007-03-310.140.170.0321 
2007-03-15
2006-12-310.280.30.02
2006-11-07
2006-09-300.050.070.0240 
2006-09-28
2006-06-300.120.130.01
2006-05-09
2006-03-310.080.120.0450 
2006-02-07
2005-12-310.080.140.0675 
2005-09-13
2005-06-300.01-0.6944-0.70447044 
2005-05-05
2005-03-31-0.02-0.05-0.03150 
2005-03-15
2004-12-310.050.04-0.0120 
2004-08-04
2004-06-300.060.080.0233 
2004-04-29
2004-03-310.050.060.0120 
2004-01-22
2003-12-310.040.050.0125 
2003-10-29
2003-09-30-0.010.010.02200 
2003-08-07
2003-06-300.060.070.0116 
2003-04-29
2003-03-310.040.060.0250 
2003-01-30
2002-12-31-0.050.020.07140 
2002-10-24
2002-09-30-0.24-0.28-0.0416 
2002-08-15
2002-06-30-0.11-0.34-0.23209 
2002-04-25
2002-03-31-0.11-0.18-0.0763 
2002-01-23
2001-12-31-0.04-0.00320.036892 
2001-10-25
2001-09-30-0.37-0.39-0.02
2001-08-07
2001-06-30-0.06-0.060.0
2001-04-24
2001-03-31-0.16-0.160.0
2001-01-24
2000-12-310.070.130.0685 
2000-10-24
2000-09-300.010.020.01100 
2000-08-08
2000-06-300.130.180.0538 
2000-04-24
2000-03-310.070.10.0342 
1999-10-26
1999-09-30-0.15-0.110.0426 
1999-08-05
1999-06-30-0.16-0.140.0212 
1999-04-27
1999-03-310.04-0.23-0.27675 
1999-01-26
1998-12-31-0.010.020.03300 
1998-10-28
1998-09-30-0.26-0.260.0
1998-08-11
1998-06-300.30.19-0.1136 
1998-04-28
1998-03-310.380.40.02
1998-01-27
1997-12-310.290.310.02
1997-10-28
1997-09-300.090.10.0111 
1997-08-13
1997-06-300.370.380.01
1997-04-29
1997-03-310.250.270.02
1997-01-28
1996-12-310.230.240.01
1996-10-24
1996-09-300.060.070.0116 
1996-08-13
1996-06-300.240.240.0
1996-04-30
1996-03-310.110.130.0218 
1996-01-23
1995-12-310.120.130.01
1995-10-24
1995-09-300.030.030.0
1995-08-08
1995-06-300.130.180.0538 
1995-04-25
1995-03-310.10.10.0
1995-01-23
1994-12-310.080.090.0112 

Aspen Technology Corporate Management

Already Invested in Aspen Technology?

The danger of trading Aspen Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aspen Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aspen Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aspen Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Aspen Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aspen Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Technology Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aspen Technology. If investors know Aspen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aspen Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.682
Earnings Share
(0.58)
Revenue Per Share
17.245
Quarterly Revenue Growth
(0.13)
Return On Assets
(0.01)
The market value of Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.