In last trading session, American Resources Corporation (NASDAQ:AREC) saw 0.4 million shares changing hands with its beta currently measuring 0.35. Company’s recent per share price level of $1.40 trading at -$0.12 or -7.89% at ring of the bell on the day assigns it a market valuation of $110.85M. That closing price of AREC’s stock is at a discount of -54.29% from its 52-week high price of $2.16 and is indicating a premium of 14.29% from its 52-week low price of $1.20. Taking a look at company’s average trading volume volume of 214.61K if we extend that period to 3-months.
American Resources Corporation (NASDAQ:AREC) trade information
Upright in the red during last session for losing -7.89%, in the last five days AREC remained trading in the red while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $1.40 price level, adding 10.26% to its value on the day. American Resources Corporation’s shares saw a change of -6.04% in year-to-date performance and have moved -9.68% in past 5-day. American Resources Corporation (NASDAQ:AREC) showed a performance of 2.19% in past 30-days.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
American Resources Corporation (AREC) estimates and forecasts
Statistics highlight that American Resources Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -1.41% of value to its shares in past 6 months, showing an annual growth rate of 40.00% while that of industry is 19.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 573.00% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 100k for the same. And 1 analysts are in estimates of company making revenue of 3.6M in the next quarter. Company posted 8.87M and 18.3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 47.21% during past 5 years.
AREC Dividends
American Resources Corporation is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
