In the latest trading session, 0.94 million American Well Corporation (NYSE:AMWL) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $13.59 changing hands around $0.11 or 0.82% at last look, the market valuation stands at $3.30B. AMWL’s current price is a discount, trading about -221.93% off its 52-week high of $43.75. The share price had its 52-week low at $9.69, which suggests the last value was 28.7% up since then. When we look at American Well Corporation’s average trading volume, we note the 10-day average is 4.05 million shares, with the 3-month average coming to 4.05 million.
Analysts gave the American Well Corporation (AMWL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended AMWL as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. American Well Corporation’s EPS for the current quarter is expected to be -$0.19.
American Well Corporation (NYSE:AMWL) trade information
Instantly AMWL is in green as seen in intraday trades today. With action -3.16%, the performance over the past five days has been red. The jump to weekly highs of 14.02 on Friday, 06/18/21 added 0.82% to the stock’s daily price. The company’s shares are showing year-to-date downside of -46.78%, with the 5-day performance at -3.16% in the red. However, in the 30-day time frame, American Well Corporation (NYSE:AMWL) is 14.33% up. Looking at the short shares, we see there were 11.69 million shares sold at short interest cover period of 2.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is $20.35, meaning bulls need an upside of 33.22% from its recent market value. According to analyst projections, AMWL’s forecast low is $13.00 with $34.00 as the target high. To hit the forecast high, the stock’s price needs a -150.18% plunge from its current level, while the stock would need to tank 4.34% for it to hit the projected low.
American Well Corporation (AMWL) estimates and forecasts
Data shows that the American Well Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -49.87% over the past 6 months, a 65.64% in annual growth rate that is considerably higher than the industry average of 13.40%. Year-over-year growth is forecast to reach 7.60% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $61.7 million. 11 analysts are of the opinion that American Well Corporation’s revenue for the quarter ending Sep 2021 will be $68.64 million. The company’s revenue for the corresponding quarters a year ago $62.55 million respectively. The estimates for the next quarter sales put growth at 9.70%.
The 2021 estimates are for American Well Corporation earnings to decrease by -140.50%, but the outlook for the next 5-year period is at 37.90% per year.
American Well Corporation (NYSE:AMWL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.32% of American Well Corporation shares while 39.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.42%. There are 39.38% institutions holding the American Well Corporation stock share, with Caledonia (Private) Investments Pty Ltd the top institutional holder. As of Mar 30, 2021, the company held 6.06% of the shares, roughly 12.65 million AMWL shares worth $219.8 million.
Satter Management Company, LP holds the second largest percentage of outstanding shares, with 3.02% or 6.3 million shares worth $109.44 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 1.73 million shares estimated at $30.11 million under it, the former controlled 0.83% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 0.71% of the shares, roughly 1.48 million shares worth around $25.74 million.