Is American Well Corporation (NYSE:AMWL) Stock Ready for a Higher Run in its Share Price? – Marketing Sentinel

Is American Well Corporation (NYSE:AMWL) Stock Ready for a Higher Run in its Share Price?

In the latest trading session, 1,241,818 American Well Corporation (NYSE:AMWL) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $16.91 changing hands around -$0.05 or 0% at last look, the market valuation stands at $3.95 Billion. AMWL’s current price is a discount, trading about -158.72% off its 52-week high of $43.75. The share price had its 52-week low at $15.53, which suggests the recent value is8.16% up since then. When we look at American Well Corporation’s average trading volume, we note the 10-day average is 6.99 Million shares, with the 3-month average coming to 3.61 Million.

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Analysts gave the American Well Corporation (AMWL) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that none out of 11 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 7 recommended AMWL as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. American Well Corporation’s EPS for the current quarter is expected to be -$0.19.

American Well Corporation (NYSE:AMWL) trade information

Although AMWL has turned red as seen in intraday trades today. With action -0.32%, the performance over the past five days has been red. The jump to weekly highs of $19.03 on Wednesday, Mar 24 added 12.82% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.35%, with the 5-day performance at -0.13% in the red. However, in the 30-day time frame, American Well Corporation (NYSE:AMWL) is -0.32% down. Looking at the short shares, we see there were 12.02 Million shares sold at short interest cover period of 3.33 days.

The consensus price target for the stock as assigned by Wall Street analysts is $26.67, meaning bulls need an upside of 57.72% from its recent market value. According to analyst projections, AMWL’s forecast low is $20 with $35 as the target high. To hit the forecast high, the stock’s price needs a +106.98% upsurge from its latest level, while the stock would need to tank 18.27% for it to hit the projected low.

American Well Corporation (AMWL) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for American Well Corporation earnings to decrease by -65.5%, but the outlook for the next 5-year period is at 0% per year.

American Well Corporation (NYSE:AMWL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 17.62% of American Well Corporation shares while 24.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 29.75%. There are 177 institutions holding the American Well Corporation stock share, with Satter Management Company, LP the top institutional holder. As of Dec 30, 2020, the company held 3.15% of the shares, roughly 6.3 Million AMWL shares worth $159.6 Million.

Caledonia (Private) Investments Pty Ltd holds the second largest percentage of outstanding shares, with 2.74% or 5.48 Million shares worth $138.91 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Smallcap World Fund. With 1686004 shares estimated at $42.71 Million under it, the former controlled 0.84% of total outstanding shares. On the other hand, Smallcap World Fund held about 0.71% of the shares, roughly 1.43 Million shares worth around $36.19 Million.

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