As The Stock Falls By -23.18% Year-To-Date, American Well Corporation (NYSE: AMWL)’S Stock Continues To Progress In 2022 – Marketing Sentinel
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As The Stock Falls By -23.18% Year-To-Date, American Well Corporation (NYSE: AMWL)’S Stock Continues To Progress In 2022

During the recent session, American Well Corporation (NYSE:AMWL)’s traded shares were 0.9 million. At the last check today, the stock’s price was $4.82, reflecting an intraday gain of 3.99% or $0.18. The 52-week high for the AMWL share is $11.68, that puts it down -142.32 from that peak though still a striking 47.72% gain since the share price plummeted to a 52-week low of $2.52. The company’s market capitalization is $1.39B, and the average intraday trading volume over the past 10 days was 1.76 million shares, and the average trade volume was 2.31 million shares over the past three months.

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 15 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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 -$0.26.

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American Well Corporation (NYSE:AMWL) trade information

American Well Corporation (AMWL) registered a 3.99% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.99% in intraday trading to $4.82 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 11.00%, and it has moved by -0.22% in 30 days. Based on these gigs, the overall price performance for the year is -58.42%. The short interest in American Well Corporation (NYSE:AMWL) is 9.96 million shares and it means that shorts have 4.22 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.91, which implies an increase of 1.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $9.00 respectively. As a result, AMWL is trading at a discount of -86.72% off the target high and 37.76% off the low.

American Well Corporation (AMWL) estimates and forecasts

Statistics show that American Well Corporation has underperformed its competitors in share price, compared to the industry in which it operates. American Well Corporation (AMWL) shares have gone up 3.80% during the last six months, with a year-to-date growth rate less than the industry average at -42.03% against -1.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -73.30% this quarter and then drop -20.00% in the quarter after that. In the rating firms’ projections, revenue will increase 9.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $64.13 million as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $68.64 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $61.47 million and $62.22 million respectively. In this case, analysts expect current quarter sales to grow by 4.30% and then jump by 10.30% in the coming quarter.

While earnings are projected to return 27.10% in 2022, the next five years will return 37.90% per annum.

AMWL Dividends

American Well Corporation is due to release its next quarterly earnings between March 22 and March 28. 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 13.48% of total outstanding shares while institutional holders control 51.60%, with the float percentage being 59.63%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 251 institutions own stock in it. As of Mar 30, 2022, the company held over 17.0 million shares (or 7.29% of all shares), a total value of $71.57 million in shares.

The next largest institutional holding, with 16.02 million shares, is of Caledonia (Private) Investments Pty Ltd’s that is approximately 6.86% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $67.43 million.

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 iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.4 million shares. This amounts to just over 2.31 percent of the company’s overall shares, with a $22.74 million market value. The same data shows that the other fund manager holds slightly less at 5.1 million, or about 2.19% of the stock, which is worth about $22.04 million.

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