American Well Corporation (NYSE:AMWL) has a beta value of 0 and has seen 3,531,869 shares traded in the recent trading session. The company, currently valued at $3.49 Billion, closed the recent trade at $14.69 per share which meant it lost -$0.7 on the day or -4.52% during that session. The AMWL stock price is -197.82% off its 52-week high price of $43.75 and 1.09% above the 52-week low of $14.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.59 Million shares traded. The 3-month trading volume is 3.66 Million shares.
The consensus among analysts is that American Well Corporation (AMWL) is an Overweight stock at the moment, with a recommendation rating of 2.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 9 out of 13 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
American Well Corporation (NYSE:AMWL) trade information
Despite being -4.52% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the AMWL stock price touched $18.29- or saw a rise of 20.37%. Year-to-date, American Well Corporation shares have moved -42.5%, while the 5-day performance has seen it change -20.41%. Over the past 30 days, the shares of American Well Corporation (NYSE:AMWL) have changed -19.08%. Short interest in the company has seen 11.94 Million shares shorted with days to cover at 3.26.
Wall Street analysts have a consensus price target for the stock at $26.67, which means that the shares’ value could jump 81.55% from the levels at last check today. The projected low price target is $20 while the price target rests at a high of $35. In that case, then, we find that the latest price level in today’s session is +138.26% off the targeted high while a plunge would see the stock lose 36.15% from the levels at last check today.
American Well Corporation (AMWL) estimates and forecasts
Earnings growth for 2021 is a modest -140.5%.
American Well Corporation (NYSE:AMWL)’s Major holders
Insiders own 16.72% of the company shares, while shares held by institutions stand at 33.24% with a share float percentage of 39.91%. Investors are also buoyed by the number of investors in a company, with American Well Corporation having a total of 210 institutions that hold shares in the company. The top two institutional holders are Satter Management Company, LP with over 6.3 Million shares worth more than $159.6 Million. As of December 30, 2020, Satter Management Company, LP held 3.06% of shares outstanding.
The other major institutional holder is Caledonia (Private) Investments Pty Ltd, with the holding of over 5.48 Million shares as of December 30, 2020. The firm’s total holdings are worth over $138.91 Million and represent 2.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Smallcap World Fund. As of December 30, 2020, the former fund manager holds about 0.82% shares in the company for having 1686004 shares of worth $42.71 Million while later fund manager owns 1.43 Million shares of worth $36.19 Million as of December 30, 2020, which makes it owner of about 0.69% of company’s outstanding stock.