During the last session, American Superconductor Corp (NASDAQ:AMSC)’s traded shares were 0.91 million, with the beta value of the company hitting 2.17. At the end of the trading day, the stock’s price was $34.05, reflecting an intraday gain of 9.27% or $2.89. The 52-week high for the AMSC share is $38.02, that puts it down -11.66 from that peak though still a striking 74.86% gain since the share price plummeted to a 52-week low of $8.56. The company’s market capitalization is $1.34B, and the average intraday trading volume over the past 10 days was 2.04 million shares, and the average trade volume was 1.23 million 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 9.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.27% in intraday trading to $34.05, hitting a weekly high. The stock’s 5-day price performance is 6.72%, and it has moved by 53.45% in 30 days. Based on these gigs, the overall price performance for the year is 285.62%. The short interest in American Superconductor Corp (NASDAQ:AMSC) is 2.74 million shares and it means that shorts have 2.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $29, which implies a decrease of -17.41% 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 premium of 3.08% off the target high and 41.26% 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 125.35% during the last six months, with a year-to-date growth rate more than the industry average at 2,400.00% against -1.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 122.23% this quarter and then jump 66.66% in the quarter after that. In the rating firms’ projections, revenue will increase 44.63% 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 56.67M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 59.17M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 39.35M and 42.03M respectively. In this case, analysts expect current quarter sales to grow by 44.00% and then jump by 40.78% in the coming quarter.
While earnings are projected to return 2400.00% 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 in December. 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 4.40% of total outstanding shares while institutional holders control 71.26%, with the float percentage being 74.54%. BLACKROCK INC. is the largest shareholder of the company, while 235.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of American Superconductor Corp (AMSC) shares are Vanguard Total Stock Market Index Fund and Roxbury/Hood River Small Cap Growth Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.08 shares. This amounts to just over 2.74 percent of the company’s overall shares, with a $36.31 million market value. The same data shows that the other fund manager holds slightly less at 1.04, or about 2.64% of the stock, which is worth about $35.05 million.
