American Superconductor Corp. (NASDAQ:AMSC) has a beta value of 2.15 and has seen 1.21 million shares traded in the last trading session. The company, currently valued at $919.20M, closed the last trade at $24.00 per share which meant it gained $1.83 on the day or 8.25% during that session. The AMSC stock price is -36.25% off its 52-week high price of $32.70 and 75.92% above the 52-week low of $5.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.09 million shares traded. The 3-month trading volume is 1.06 million shares.
The consensus among analysts is that American Superconductor Corp. (AMSC) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
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American Superconductor Corp. (NASDAQ:AMSC) trade information
Sporting 8.25% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMSC stock price touched $24.00 or saw a rise of 2.12%. Year-to-date, American Superconductor Corp. shares have moved 115.44%, while the 5-day performance has seen it change 0.17%. Over the past 30 days, the shares of American Superconductor Corp. (NASDAQ:AMSC) have changed 10.70%. Short interest in the company has seen 2.91 million shares shorted with days to cover at 2.51.
Wall Street analysts have a consensus price target for the stock at $29, which means that the shares’ value could jump 17.24% from current levels. The projected low price target is $20.0 while the price target rests at a high of $33.0. In that case, then, we find that the current price level is -37.5% off the targeted high while a plunge would see the stock lose 16.67% from current levels.
American Superconductor Corp. (AMSC) estimates and forecasts
Figures show that American Superconductor Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 92.31% over the past 6 months, with this year growth rate of 1,450.00%, compared to -1.20% for the industry. Revenue growth from the last financial year stood is estimated to be 41.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of 50.57M for the current quarter. 3 have an estimated revenue figure of 56.03M for the next ending quarter.
Earnings growth for 2024 is a modest 1350.00% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
AMSC Dividends
American Superconductor Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
American Superconductor Corp. (NASDAQ:AMSC)’s Major holders
Insiders own 4.43% of the company shares, while shares held by institutions stand at 73.07% with a share float percentage of 76.46%. Investors are also buoyed by the number of investors in a company, with American Superconductor Corp. having a total of 214.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.54 million shares worth more than $59.5 million. As of 2024-06-30, BLACKROCK INC. held 8.5298% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 2.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $51.79 million and represent 7.4236% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.82% shares in the company for having 1.08 shares of worth $25.94 million while later fund manager owns 921.49 shares of worth $22.12 million as of Aug 31, 2024 , which makes it owner of about 2.41% of company’s outstanding stock.
