In the last trading session, 1,050,000,000 shares of the American Well Corporation (NYSE:AMWL) were traded, and its beta was 0. Most recently the company’s share price was $17.29, and it changed around $0.23 or 0.01% from the last close, which brings the market valuation of the company to $4.12 Billion. AMWL currently trades at a discount to its 52-week high of $43.75, offering almost -153.04% off that amount. The share price’s 52-week low was $15.53, which indicates that the current value has risen by an impressive 10.18% since then. We note from American Well Corporation’s average daily trading volume that its 10-day average is 4.59 Million shares, with the 3-month average coming to 3.66 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

American Well Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.6. If we narrow it down even further, the data shows that none out of 11 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 7 recommended AMWL as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. American Well Corporation is expected to report earnings per share of -$0.19 for the current quarter.

American Well Corporation (NYSE:AMWL): Trading Information

Instantly AMWL has showed a green trend with a performance of 1.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $18.61 on Thursday, Apr 01 increased the stock’s daily price by 7.09%. The company’s shares are currently down -0.32% year-to-date, but still up 0.0195 over the last five days. On the other hand, American Well Corporation (NYSE:AMWL) is -0.19% down in the 30-day period. We can see from the shorts that 12.02 Million shares have been sold at a short interest cover period of 3.28 day (s).

The consensus price target as assigned by Wall Street analysts is $26.67, which translates to bears needing to increase their stock price by 54.25% from its current value. Analyst projections state that AMWL is forecast to be at a low of $20 and a high of $35. In order for the stock price to hit the forecast high, the stock would need to surge +102.43% from its current level, while the stock would need to crash 15.67% from its current level to reach the projected low.

American Well Corporation (AMWL) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. American Well Corporation earnings are expected to decrease by -140.5% in 2021, but the outlook is negative 0% per year for the next five years.

American Well Corporation (NYSE:AMWL)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 16.03% of American Well Corporation shares, and 32.99% of them are in the hands of institutional investors. The stock currently has a share float of 39.29%. American Well Corporation stock is held by 203 institutions, with Satter Management Company, LP being the largest institutional investor. By Dec 30, 2020, it held 3.06% of the shares, which is about 6.3 Million shares worth $159.6 Million.

Caledonia (Private) Investments Pty Ltd, with 2.66% or 5.48 Million shares worth $138.91 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Vanguard Total Stock Market Index Fund and Smallcap World Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 1686004 shares worth $42.71 Million, making up 0.82% of all outstanding shares. On the other hand, Smallcap World Fund held roughly 1.43 Million shares worth around $36.19 Million, which represents about 0.69% of the total shares outstanding.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here