In the latest trading session,, 0.58 million American Resources Corporation (NASDAQ:AREC) shares changed hands as the company’s beta touched 0.18. With the company’s most recent per share price at $1.17 changing hands around $0.06 or 5.41% at last look, the market valuation stands at $90.59M. AREC’s current price is a discount, trading about -58.97% off its 52-week high of $1.86. The share price had its 52-week low at $0.41, which suggests the last value was 64.96% up since then. When we look at American Resources Corporation’s average trading volume, we note the 10-day average is 0.25 million shares, with the 3-month average coming to 252.71K.

Analysts gave the American Resources Corporation (AREC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AREC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. American Resources Corporation’s EPS for the current quarter is expected to be -0.1.

American Resources Corporation (NASDAQ:AREC) trade information

Instantly AREC is in green as seen in intraday trades today. With action 14.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.48%, with the 5-day performance at 14.71% in the green. However, in the 30-day time frame, American Resources Corporation (NASDAQ:AREC) is 14.71% up. Looking at the short shares, we see there were 2.7 million shares sold at short interest cover period of 9.67 days.

American Resources Corporation (AREC) estimates and forecasts

Data shows that the American Resources Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.03% over the past 6 months, a -140.00% in annual growth rate that is considerably lower than the industry average of 13.00%. Year-over-year growth is forecast to reach -20.60% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.7M. 2 analysts are of the opinion that American Resources Corporation’s revenue for the current quarter will be 5.95M. The company’s revenue for the corresponding quarters a year ago was 5.83M and 66k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -70.80%. The estimates for the next quarter sales put growth at 8,915.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 47.21%. The 2024 estimates are for American Resources Corporation earnings to decrease by -140.00%.

AREC Dividends

American Resources Corporation is expected to release its next quarterly earnings report on 2024-Nov-14.

American Resources Corporation (NASDAQ:AREC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 34.51% of American Resources Corporation shares while 7.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.69%. There are 7.65% institutions holding the American Resources Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.8517% of the shares, roughly 2.96 million AREC shares worth $2.17 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 1.1263% or 0.87 million shares worth $0.63 million as of 2024-06-30.