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.
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.
