In last trading session, American Resources Corporation (NASDAQ:AREC) saw 0.24 million shares changing hands with its beta currently measuring 0.21. Company’s recent per share price level of $1.25 trading at $0.03 or 2.46% at ring of the bell on the day assigns it a market valuation of $96.77M. That closing price of AREC’s stock is at a discount of -48.8% from its 52-week high price of $1.86 and is indicating a premium of 67.2% from its 52-week low price of $0.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.45 million shares which gives us an average trading volume of 294.06K if we extend that period to 3-months.
For American Resources Corporation (AREC), 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 -0.13 in the current quarter.
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American Resources Corporation (NASDAQ:AREC) trade information
Upright in the green during last session for gaining 2.46%, in the last five days AREC remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.25 price level, adding 6.02% to its value on the day. American Resources Corporation’s shares saw a change of -16.11% in year-to-date performance and have moved 17.92% in past 5-day. American Resources Corporation (NASDAQ:AREC) showed a performance of 13.64% in past 30-days. Number of shares sold short was 2.7 million shares which calculate 9.67 days to cover the short interests.
American Resources Corporation (AREC) estimates and forecasts
Statistics highlight that American Resources Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.76% of value to its shares in past 6 months, showing an annual growth rate of -140.00% while that of industry is 11.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -82.68% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.6M for the same. And 2 analysts are in estimates of company making revenue of 13.9M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 47.21% during past 5 years.
American Resources Corporation (NASDAQ:AREC)’s Major holders
Insiders are in possession of 34.52% of company’s total shares while institution are holding 7.51 percent of that, with stock having share float percentage of 11.48%. Investors also watch the number of corporate investors in a company very closely, which is 7.51% institutions for American Resources Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AREC for having 2.96 million shares of worth $2.17 million. And as of 2024-06-30, it was holding 3.8517 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 0.87 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.1263 of outstanding shares, having a total worth of $0.63 million.
