American Well Corporation (NYSE: AMWL) Is Worth Evaluating At $13.74 – Marketing Sentinel
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American Well Corporation (NYSE: AMWL) Is Worth Evaluating At $13.74

During the last session, American Well Corporation (NYSE:AMWL)’s traded shares were 3.18 million. At the end of the trading day, the stock’s price was $13.74, reflecting an intraday loss of -3.65% or -$0.52. The 52-week high for the AMWL share is $43.75, that puts it down -218.41 from that peak though still a striking 29.48% gain since the share price plummeted to a 52-week low of $9.69. The company’s market capitalization is $3.39B, and the average intraday trading volume over the past 10 days was 3.79 million shares, and the average trade volume was 4.08 million shares over the past three months.

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American Well Corporation (AMWL) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. AMWL has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.18.

American Well Corporation (NYSE:AMWL) trade information

American Well Corporation (AMWL) registered a -3.65% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.65% in intraday trading to $13.74 this Wednesday, 06/09/21, hitting a weekly high. The stock’s 5-day price performance is 5.45%, and it has moved by 7.68% in 30 days. The short interest in American Well Corporation (NYSE:AMWL) is 11.99 million shares and it means that shorts have 2.79 day(s) to cover.

The consensus price target of analysts on Wall Street is $20.35, which implies an increase of 32.48% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.00 and $34.00 respectively. As a result, AMWL is trading at a discount of -147.45% off the target high and 5.39% off the low.

American Well Corporation (AMWL) estimates and forecasts

Statistics show that American Well Corporation has outperformed its competitors in share price, compared to the industry in which it operates. American Well Corporation (AMWL) shares have gone down -52.59% during the last six months, with a year-to-date growth rate more than the industry average at 64.32% against 11.00. In the rating firms’ projections, revenue will increase 7.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $61.72 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $68.54 million by the end of Sep 2021.

While earnings are projected to return -140.50% in 2021.

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AMWL Dividends

American Well Corporation is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

American Well Corporation insiders own 16.52% of total outstanding shares while institutional holders control 39.35%, with the float percentage being 47.13%. Caledonia (Private) Investments Pty Ltd is the largest shareholder of the company, while 231 institutions own stock in it. As of Mar 30, 2021, the company held over 12.65 million shares (or 6.06% of all shares), a total value of $219.8 million in shares.

The next largest institutional holding, with 6.3 million shares, is of Satter Management Company, LP’s that is approximately 3.02% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $109.44 million.

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Also, the Mutual Funds coming in first place with the largest holdings of American Well Corporation (AMWL) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.73 million shares. This amounts to just over 0.83 percent of the company’s overall shares, with a $30.11 million market value. The same data shows that the other fund manager holds slightly less at 1.48 million, or about 0.71% of the stock, which is worth about $25.74 million.

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