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At $2.50 American Well Corporation (NYSE: AMWL) Is Worth A Gamble

American Well Corporation (NYSE:AMWL)’s traded shares stood at 1.85 million during the last session. At the close of trading, the stock’s price was $2.50, to imply an increase of 1.63% or $0.04 in intraday trading. The AMWL share’s 52-week high remains $5.43, putting it -117.2% down since that peak but still an impressive 8.4% since price per share fell to its 52-week low of $2.29. The company has a valuation of $738.30M, with an average of 1.36 million shares in intraday trading volume over the past 10 days and average of 1.49 million shares over the past 3 months.

American Well Corporation (NYSE:AMWL) trade information

After registering a 1.63% upside in the last session, American Well Corporation (AMWL) has traded red over the past five days. The stock hit a weekly high of 2.57 this Thursday, 03/16/23, jumping 1.63% in its intraday price action. The 5-day price performance for the stock is 0.00%, and -32.80% over 30 days. With these gigs, the year-to-date price performance is -11.66%. Short interest in American Well Corporation (NYSE:AMWL) saw shorts transact 11.56 million shares and set a 8.1 days time to cover.

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American Well Corporation (AMWL) estimates and forecasts

Looking at statistics comparing American Well Corporation share performance against respective industry, we note that the company has outperformed competitors. American Well Corporation (AMWL) shares are -39.02% down over the last 6 months, with its year-to-date growth rate higher than industry average at 20.20% against 2.50%. Revenue is forecast to grow 19.20% this quarter before jumping 20.00% for the next one. The rating firms project that company’s revenue will grow 0.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 12 analysts is $65.87 million. Meanwhile, for the quarter ending Jun 2023, a total of 12 analyst(s) estimate revenue growth to $66.43 million.Earnings reports from the last fiscal year show that sales brought in $64.23 million and $64.52 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.60% before jumping 3.00% in the following quarter.

AMWL Dividends

American Well Corporation has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. American Well Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

American Well Corporation insiders hold 9.39% of total outstanding shares, with institutional holders owning 57.81% of the shares at 63.80% float percentage. In total, 57.81% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 21.61 million shares (or 8.83% of shares), all amounting to roughly $54.02 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 19.7 million shares, or about 8.05% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $49.24 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the American Well Corporation (AMWL) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 5.82 million shares. This is just over 2.40% of the total shares, with a market valuation of $14.55 million. Data from the same date shows that the other fund manager holds a little less at 5.26 million, or 2.17% of the shares, all valued at about 13.15 million.

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