During the last session, American Resources Corporation (NASDAQ:AREC)’s traded shares were 0.33 million, with the beta value of the company hitting 0.17. The 52-week high for the AREC share is $1.86, that puts it down -64.6 from that peak though still a striking 63.72% gain since the share price plummeted to a 52-week low of $0.41. The company’s market capitalization is $87.48M, and the average intraday trading volume over the past 10 days was 0.38 million shares, and the average trade volume was 296.17K 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 -0.1.
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American Resources Corporation (NASDAQ:AREC) trade information
The stock’s 5-day price performance is 15.31%, and it has moved by 129.67% in 30 days. Based on these gigs, the overall price performance for the year is -34.30%. The short interest in American Resources Corporation (NASDAQ:AREC) is 2.56 million shares and it means that shorts have 9.28 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 -18.71% during the last six months, with a year-to-date growth rate less than the industry average at -140.00% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -300.00% this quarter and then jump 35.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -20.60% 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 1.7M 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 5.83M and 66k respectively. In this case, analysts expect current quarter sales to shrink by -70.80% and then jump by 8,915.20% 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 -140.00% in 2024.
AREC Dividends
American Resources Corporation is due to release its next quarterly earnings on 2024-Nov-12. 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 34.51% of total outstanding shares while institutional holders control 7.60%, with the float percentage being 11.60%. VANGUARD GROUP INC is the largest shareholder of the company, while 26.0 institutions own stock in it. As of 2024-06-30, the company held over 2.96 million shares (or 3.8517% of all shares), a total value of $2.17 million in shares.
The next largest institutional holding, with 0.87 million shares, is of BLACKROCK INC.’s that is approximately 1.1263% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.63 million.
