In last trading session, American Superconductor Corp (NASDAQ:AMSC) saw 1.07 million shares changing hands with its beta currently measuring 2.14. Company’s recent per share price level of $28.62 trading at -$0.08 or -0.28% at ring of the bell on the day assigns it a market valuation of $1.13B. That closing price of AMSC’s stock is at a discount of -14.26% from its 52-week high price of $32.70 and is indicating a premium of 74.25% from its 52-week low price of $7.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.22 million shares which gives us an average trading volume of 1.06 million if we extend that period to 3-months.
For American Superconductor Corp (AMSC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.
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American Superconductor Corp (NASDAQ:AMSC) trade information
Upright in the red during last session for losing -0.28%, in the last five days AMSC remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $28.62 price level, adding 4.85% to its value on the day. American Superconductor Corp’s shares saw a change of 156.91% in year-to-date performance and have moved 21.89% in past 5-day. American Superconductor Corp (NASDAQ:AMSC) showed a performance of 26.64% in past 30-days. Number of shares sold short was 2.61 million shares which calculate 2.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a rise of 1.31% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 33. It follows that stock’s current price would jump 30.12% in reaching the projected high whereas dropping to the targeted low would mean a gain of 30.12% for stock’s current value.
American Superconductor Corp (AMSC) estimates and forecasts
Statistics highlight that American Superconductor Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 110.91% of value to its shares in past 6 months, showing an annual growth rate of 2,400.00% while that of industry is -2.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 44.60% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 56.67M for the same. And 3 analysts are in estimates of company making revenue of 59.17M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 2400.00% while estimates for its earnings growth in next 5 years are of 25.00%.
American Superconductor Corp (NASDAQ:AMSC)’s Major holders
Insiders are in possession of 4.30% of company’s total shares while institution are holding 70.50 percent of that, with stock having share float percentage of 73.67%. Investors also watch the number of corporate investors in a company very closely, which is 70.50% institutions for American Superconductor Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at AMSC for having 2.54 million shares of worth $59.5 million. And as of 2024-06-30, it was holding 8.5298 of the company’s outstanding shares.
The second largest institutional holder is BAILLIE GIFFORD & CO, which was holding about 2.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.4236 of outstanding shares, having a total worth of $51.79 million.
