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.
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.
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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.