During the last session, American Resources Corporation (NASDAQ:AREC)’s traded shares were 0.43 million, with the beta value of the company hitting 0.22. At the end of the trading day, the stock’s price was $0.48, reflecting an intraday loss of -6.32% or -$0.03. The company’s market capitalization is $38.13M, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 459.90K shares over the past three months.
American Resources Corporation (AREC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AREC has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
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 (NASDAQ:AREC) trade information
American Resources Corporation (AREC) registered a -6.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.32% in intraday trading to $0.48, hitting a weekly high. The stock’s 5-day price performance is -16.84%, and it has moved by -30.37% in 30 days. Based on these gigs, the overall price performance for the year is -72.64%. The short interest in American Resources Corporation (NASDAQ:AREC) is 2.32 million shares and it means that shorts have 4.39 day(s) to cover.
American Resources Corporation (AREC) estimates and forecasts
Statistics show that American Resources Corporation has underperformed its competitors in share price, compared to the industry in which it operates. American Resources Corporation (AREC) shares have gone down -62.67% during the last six months, with a year-to-date growth rate less than the industry average at 13.33% against 20.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -600.00% this quarter and then drop -220.00% in the quarter after that. In the rating firms’ projections, revenue will increase 25.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.05M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 5.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 18.3M and 5.83M respectively. In this case, analysts expect current quarter sales to shrink by -88.80% and then jump by 2.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 47.21%. While earnings are projected to return -63.33% in 2024.
AREC Dividends
American Resources Corporation is due to release its next quarterly earnings 2024-Aug-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
American Resources Corporation (NASDAQ:AREC)’s Major holders
American Resources Corporation insiders own 33.74% of total outstanding shares while institutional holders control 8.84%, with the float percentage being 13.34%. VANGUARD GROUP INC is the largest shareholder of the company, while 37.0 institutions own stock in it. As of 2024-03-31, the company held over 2.99 million shares (or 3.9618% of all shares), a total value of $4.21 million in shares.
The next largest institutional holding, with 0.92 million shares, is of BLACKROCK INC.’s that is approximately 1.2147% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $1.29 million.
Also, the Mutual Funds coming in first place with the largest holdings of American Resources Corporation (AREC) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.09 shares. This amounts to just over 11.52 percent of the company’s overall shares, with a $1.01 million market value. The same data shows that the other fund manager holds slightly less at 824.16, or about 4.54% of the stock, which is worth about $0.4 million.
