American Superconductor Corp. (NASDAQ: AMSC): Decline Of -9.37% Looks Weak With A Stock Forecast 2024

In the last trading session, 1.31 million shares of the American Superconductor Corp. (NASDAQ:AMSC) were traded, and its beta was 2.14. Most recently the company’s share price was $21.03, and it changed around $0.26 or 1.25% from the last close, which brings the market valuation of the company to $777.90M. AMSC currently trades at a discount to its 52-week high of $21.00, offering almost 0.14% off that amount. The share price’s 52-week low was $5.25, which indicates that the current value has risen by an impressive 75.04% since then. We note from American Superconductor Corp.’s average daily trading volume that its 3-month average coming to 526.24K.

American Superconductor Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AMSC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.

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American Superconductor Corp. (NASDAQ:AMSC) trade information

Instantly AMSC has showed a green trend with a performance of 1.25% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 88.78% year-to-date, but still up 32.02% over the last five days. On the other hand, American Superconductor Corp. (NASDAQ:AMSC) is 57.29% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 2.19% from its current value. Analyst projections state that AMSC is forecast to be at a low of $20 and a high of $23.

American Superconductor Corp. (AMSC) estimates and forecasts

American Superconductor Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 115.03 percent over the past six months and at a 200.00% annual growth rate that is well above the industry average of -0.80%.

American Superconductor Corp. earnings are expected to increase by 416.66% in 2024, but the outlook is positive 25.00% per year for the next five years.

AMSC Dividends

American Superconductor Corp.’s next quarterly earnings report is expected to be released in July.