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Will American Well Corporation (AMWL) Future Potential Be Hindered By Price Volatility?

American Well Corporation (NYSE:AMWL) has seen 1.21 million shares traded in the last trading session. The company, currently valued at $1.06B, closed the last trade at $3.79 per share which meant it gained $0.01 on the day or 0.26% during that session. The AMWL stock price is -189.71% off its 52-week high price of $10.98 and 33.51% above the 52-week low of $2.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.7 million shares traded. The 3-month trading volume is 1.72 million shares.

The consensus among analysts is that American Well Corporation (AMWL) is a Hold stock at the moment, with a recommendation rating of 2.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 16 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.26.

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American Well Corporation (NYSE:AMWL) trade information

Sporting 0.26% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the AMWL stock price touched $3.79 or saw a rise of 10.19%. Year-to-date, American Well Corporation shares have moved -37.25%, while the 5-day performance has seen it change -5.96%. Over the past 30 days, the shares of American Well Corporation (NYSE:AMWL) have changed -13.27%. Short interest in the company has seen 9.96 million shares shorted with days to cover at 4.22.

Wall Street analysts have a consensus price target for the stock at $5.14, which means that the shares’ value could jump 26.26% from current levels. The projected low price target is $4.00 while the price target rests at a high of $9.00. In that case, then, we find that the current price level is -137.47% off the targeted high while a plunge would see the stock gain -5.54% from current levels.

American Well Corporation (AMWL) estimates and forecasts

Figures show that American Well Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -0.79% over the past 6 months, with this year growth rate of -47.83%, compared to -0.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -73.30% and -20.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.50%.

12 analysts offering their estimates for the company have set an average revenue estimate of $64.13 million for the current quarter. 12 have an estimated revenue figure of $68.64 million for the next quarter concluding in Sep 2022. Year-ago sales stood $61.47 million and $62.22 million respectively for this quarter and the next, and analysts expect sales will grow by 4.30% for the current quarter and 10.30% for the next.

Earnings growth for 2022 is a modest 27.10% while over the next 5 years, the company’s earnings are expected to increase by 37.90%.

AMWL Dividends

American Well Corporation is expected to release its next earnings report between March 22 and March 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 13.48% of the company shares, while shares held by institutions stand at 51.60% with a share float percentage of 59.63%. Investors are also buoyed by the number of investors in a company, with American Well Corporation having a total of 251 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 17.0 million shares worth more than $71.57 million. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 7.29% of shares outstanding.

The other major institutional holder is Caledonia (Private) Investments Pty Ltd, with the holding of over 16.02 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $67.43 million and represent 6.86% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Mar 30, 2022, the former fund manager holds about 2.31% shares in the company for having 5.4 million shares of worth $22.74 million while later fund manager owns 5.1 million shares of worth $22.04 million as of Jun 29, 2022, which makes it owner of about 2.19% of company’s outstanding stock.

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