During the last session, American Well Corporation (NYSE:AMWL)’s traded shares were 2.57 million, with the beta value of the company hitting 1.09. At the end of the trading day, the stock’s price was $0.53, reflecting an intraday loss of -1.62% or -$0.01. The 52-week high for the AMWL share is $2.73, that puts it down -415.09 from that peak though still a striking 5.66% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $158.06M, and the average trade volume was 2.14 million shares over the past three months.
American Well Corporation (NYSE:AMWL) trade information
American Well Corporation (AMWL) registered a -1.62% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.62% in intraday trading to $0.53, hitting a weekly high. The stock’s 5-day price performance is 3.87%, and it has moved by -35.69% in 30 days. Based on these gigs, the overall price performance for the year is -75.29%.
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 -47.67% during the last six months, with a year-to-date growth rate more than the industry average at 70.59% against 20.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 86.60% this quarter and then jump 42.40% in the quarter after that. In the rating firms’ projections, revenue will increase 1.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $60.52 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $62.25 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $64.7 million and $62.45 million respectively. In this case, analysts expect current quarter sales to shrink by -6.50% and then drop by -0.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -59.64%. While earnings are projected to return 66.91% in 2024, the next five years will return 36.80% per annum.
AMWL Dividends
American Well Corporation is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
