In the last trading session, 1.52 million shares of the American Superconductor Corp (NASDAQ:AMSC) were traded, and its beta was 2.18. Most recently the company’s share price was $30.08, and it changed around -$1.83 or -5.72% from the last close, which brings the market valuation of the company to $1.12B. AMSC currently trades at a discount to its 52-week high of $38.02, offering almost -26.4% off that amount. The share price’s 52-week low was $8.56, which indicates that the current value has risen by an impressive 71.54% since then. We note from American Superconductor Corp’s average daily trading volume that its 10-day average is 2.1 million shares, with the 3-month average coming to 1.21 million.
American Superconductor Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AMSC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
American Superconductor Corp (NASDAQ:AMSC) trade information
Instantly AMSC has showed a red trend with a performance of -5.72% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 38.02 on recent trading dayincreased the stock’s daily price by 20.88%. The company’s shares are currently up 170.02% year-to-date, but still down -11.89% over the last five days. On the other hand, American Superconductor Corp (NASDAQ:AMSC) is 21.63% up in the 30-day period. We can see from the shorts that 2.74 million shares have been sold at a short interest cover period of 2.52 day(s).
The consensus price target as assigned by Wall Street analysts is $29, which translates to bulls needing to decrease their stock price by -3.72% from its current value. Analyst projections state that AMSC is forecast to be at a low of $20 and a high of $33.
American Superconductor Corp (AMSC) estimates and forecasts
American Superconductor Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 114.70 percent over the past six months and at a 2,400.00% annual growth rate that is well above the industry average of -1.10%.
American Superconductor Corp earnings are expected to increase by 2400.00% in 2024, but the outlook is positive 25.00% per year for the next five years.
AMSC Dividends
American Superconductor Corp’s next quarterly earnings report is expected to be released in December.
American Superconductor Corp (NASDAQ:AMSC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.40% of American Superconductor Corp shares, and 70.39% of them are in the hands of institutional investors. The stock currently has a share float of 73.63%. American Superconductor Corp stock is held by 233.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.5298% of the shares, which is about 2.54 million shares worth $59.5 million.
BAILLIE GIFFORD & CO, with 7.4236% or 2.21 million shares worth $51.79 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
