American Superconductor Corp (NASDAQ:AMSC) has a beta value of 2.14 and has seen 2.74 million shares traded in the last trading session. The company, currently valued at $1.31B, closed the last trade at $28.54 per share which meant it gained $4.02 on the day or 16.39% during that session. The AMSC stock price is -14.58% off its 52-week high price of $32.70 and 78.7% above the 52-week low of $6.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.17 million shares traded. The 3-month trading volume is 1.01 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 0.07.
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American Superconductor Corp (NASDAQ:AMSC) trade information
Sporting 16.39% 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 $28.54 or saw a rise of 3.58%. Year-to-date, American Superconductor Corp shares have moved 156.19%, while the 5-day performance has seen it change 24.47%. Over the past 30 days, the shares of American Superconductor Corp (NASDAQ:AMSC) have changed 32.68%. Short interest in the company has seen 2.61 million shares shorted with days to cover at 2.2.
Wall Street analysts have a consensus price target for the stock at $29, which means that the shares’ value could jump 1.59% 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 -15.63% off the targeted high while a plunge would see the stock lose 29.92% 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 113.46% over the past 6 months, with this year growth rate of 1,500.00%, compared to -1.80% 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 56.03M for the current quarter. 3 have an estimated revenue figure of 59.3M for the next ending quarter.
Earnings growth for 2024 is a modest 2400.00% 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 December 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 4.30% of the company shares, while shares held by institutions stand at 68.04% with a share float percentage of 71.10%. Investors are also buoyed by the number of investors in a company, with American Superconductor Corp having a total of 220.0 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.
