In the last trading session, 1.1 million American Superconductor Corp (NASDAQ:AMSC) shares changed hands as the company’s beta touched 2.22. With the company’s per share price at $32.84 changed hands at -$1.65 or -4.78% during last session, the market valuation stood at $1.30B. AMSC’s last price was a discount, traded about -15.77% off its 52-week high of $38.02. The share price had its 52-week low at $9.37, which suggests the last value was 71.47% up since then. When we look at American Superconductor Corp’s average trading volume, we note the 10-day average is 1.19 million shares, with the 3-month average coming to 1.32 million.
Analysts gave the American Superconductor Corp (AMSC) 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 AMSC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. American Superconductor Corp’s EPS for the current quarter is expected to be 0.07.
American Superconductor Corp (NASDAQ:AMSC) trade information
Instantly AMSC was in red as seen at the end of in last trading. With action -5.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 194.79%, with the 5-day performance at -5.11% in the red. However, in the 30-day time frame, American Superconductor Corp (NASDAQ:AMSC) is 15.07% up. Looking at the short shares, we see there were 2.87 million shares sold at short interest cover period of 1.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29, meaning bulls need a downside of -13.24% from its current market value. According to analyst projections, AMSC’s forecast low is 20 with 33 as the target high. To hit the forecast high, the stock’s price needs a -0.49% plunge from its current level, while the stock would need to tank 39.1% for it to hit the projected low.
American Superconductor Corp (AMSC) estimates and forecasts
Data shows that the American Superconductor Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 56.16% over the past 6 months, a 2,400.00% in annual growth rate that is considerably higher than the industry average of 2.30%. Year-over-year growth is forecast to reach 44.63% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 56.67M. 3 analysts are of the opinion that American Superconductor Corp’s revenue for the current quarter will be 59.17M. The company’s revenue for the corresponding quarters a year ago was 39.35M and 42.03M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 44.00%. The estimates for the next quarter sales put growth at 40.78%.
The 2024 estimates are for American Superconductor Corp earnings to increase by 2400.00%, but the outlook for the next 5-year period is at 25.00% per year.
AMSC Dividends
American Superconductor Corp is expected to release its next quarterly earnings report in January.
American Superconductor Corp (NASDAQ:AMSC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.40% of American Superconductor Corp shares while 71.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.59%. There are 71.31% institutions holding the American Superconductor Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 8.5298% of the shares, roughly 2.54 million AMSC shares worth $59.5 million.
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 7.4236% or 2.21 million shares worth $51.79 million as of 2024-06-30.
