American Resources Corporation (NASDAQ:AREC) has a beta value of -0.72 and has seen 1,074,465 shares traded in the last trading session. The company, currently valued at $149.87 Million, closed the last trade at $2.95 per share which meant it lost -$0.26 on the day or -8.1% during that session. The AREC stock price is -171.86% off its 52-week high price of $8.02 and 75.25% above the 52-week low of $0.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.31 Million shares traded. The 3-month trading volume is 8.15 Million shares.
The consensus among analysts is that American Resources Corporation (AREC) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
American Resources Corporation (NASDAQ:AREC) trade information
Despite being -8.1% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the AREC stock price touched $3.45-1 or saw a rise of 14.49%. Year-to-date, American Resources Corporation shares have moved 51.28%, while the 5-day performance has seen it change -11.68%. Over the past 30 days, the shares of American Resources Corporation (NASDAQ:AREC) have changed -22.27%. Short interest in the company has seen 943.29 Million shares shorted with days to cover at 115.74.
Wall Street analysts have a consensus price target for the stock at $6.13, which means that the shares’ value could jump 107.8% from current levels. The projected low price target is $4.75 while the price target rests at a high of $7.5. In that case, then, we find that the current price level is +154.24% off the targeted high while a plunge would see the stock lose 61.02% from current levels.
American Resources Corporation (AREC) estimates and forecasts
Figures show that American Resources Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +91.56% over the past 6 months. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 16.7% and -220% for the next quarter. Revenue growth from the last financial year stood is estimated to be +12714.9%.
1 analysts offering their estimates for the company have set an average revenue estimate of $4.1 Million for the current quarter. 1 have an estimated revenue figure of $16.4 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $524Million and $227Million respectively for this quarter and the next, and analysts expect sales will grow by 682.4% for the current quarter and 7124.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +8.6% over the past 5 years. Earnings growth for 2021 is a modest +88.1%.
American Resources Corporation (NASDAQ:AREC)’s Major holders
Insiders own 34.96% of the company shares, while shares held by institutions stand at 3.71% with a share float percentage of 5.7%. Investors are also buoyed by the number of investors in a company, with American Resources Corporation having a total of 15 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 1.34 Million shares worth more than $2.62 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 7.4% of shares outstanding.
The other major institutional holder is Boothbay Fund Management, LLC, with the holding of over 146.83 Thousand shares as of December 30, 2020. The firm’s total holdings are worth over $286.32 Thousand and represent 0.81% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of December 30, 2020, the former fund manager holds about 5.92% shares in the company for having 1074231 shares of worth $2.09 Million while later fund manager owns 241.42 Thousand shares of worth $470.76 Thousand as of December 30, 2020, which makes it owner of about 1.33% of company’s outstanding stock.