During the recent session, American Superconductor Corp. (NASDAQ:AMSC)’s traded shares were 0.63 million, with the beta value of the company hitting 2.14. At the last check today, the stock’s price was $25.58, reflecting an intraday gain of 8.95% or $2.1. The 52-week high for the AMSC share is $32.70, that puts it down -27.83 from that peak though still a striking 76.23% gain since the share price plummeted to a 52-week low of $6.08. The company’s market capitalization is $979.67M, and the average intraday trading volume over the past 10 days was 0.95 million shares, and the average trade volume was 993.26K shares over the past three months.
American Superconductor Corp. (AMSC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AMSC 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.
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American Superconductor Corp. (NASDAQ:AMSC) trade information
American Superconductor Corp. (AMSC) registered a 8.95% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.95% in intraday trading to $25.58, hitting a weekly high. The stock’s 5-day price performance is 12.99%, and it has moved by 16.92% in 30 days. Based on these gigs, the overall price performance for the year is 308.33%. The short interest in American Superconductor Corp. (NASDAQ:AMSC) is 2.61 million shares and it means that shorts have 2.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $29, which implies an increase of 11.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $33 respectively. As a result, AMSC is trading at a discount of -29.01% off the target high and 21.81% off the low.
American Superconductor Corp. (AMSC) estimates and forecasts
Statistics show that American Superconductor Corp. has outperformed its competitors in share price, compared to the industry in which it operates. American Superconductor Corp. (AMSC) shares have gone up 96.93% during the last six months, with a year-to-date growth rate more than the industry average at 1,500.00% against -1.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 133.30% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will increase 41.60% 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 56.03M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 59.3M by the end of current fiscal year.
While earnings are projected to return 1383.34% in 2024, the next five years will return 25.00% per annum.
AMSC Dividends
American Superconductor Corp. is due to release its next quarterly earnings on 2025-Jan-22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
American Superconductor Corp. (NASDAQ:AMSC)’s Major holders
American Superconductor Corp. insiders own 4.43% of total outstanding shares while institutional holders control 70.10%, with the float percentage being 73.36%. BLACKROCK INC. is the largest shareholder of the company, while 216.0 institutions own stock in it. As of 2024-06-30, the company held over 2.54 million shares (or 8.5298% of all shares), a total value of $59.5 million in shares.
The next largest institutional holding, with 2.21 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 7.4236% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $51.79 million.
