American Superconductor Corp (NASDAQ:AMSC) has a beta value of 2.24 and has seen 0.42 million shares traded in the recent trading session. The company, currently valued at $1.00B, closed the recent trade at $25.95 per share which meant it gained $0.12 on the day or 0.46% during that session. The AMSC stock price is -46.51% off its 52-week high price of $38.02 and 63.89% above the 52-week low of $9.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.61 million shares traded. The 3-month trading volume is 1.41 million shares.
The consensus among analysts is that American Superconductor Corp (AMSC) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
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American Superconductor Corp (NASDAQ:AMSC) trade information
Sporting 0.46% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMSC stock price touched $25.95 or saw a rise of 11.58%. Year-to-date, American Superconductor Corp shares have moved 132.94%, while the 5-day performance has seen it change -9.68%. Over the past 30 days, the shares of American Superconductor Corp (NASDAQ:AMSC) have changed -18.66%. Short interest in the company has seen 2.64 million shares shorted with days to cover at 1.6.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 16.29% from the levels at last check today. The projected low price target is $29.0 while the price target rests at a high of $33.0. In that case, then, we find that the latest price level in today’s session is -27.17% off the targeted high while a plunge would see the stock gain -11.75% from the levels at last check today.
American Superconductor Corp (AMSC) estimates and forecasts
Figures show that American Superconductor Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 3.63% over the past 6 months, with this year growth rate of 2,400.00%, compared to 1.90% for the industry. Revenue growth from the last financial year stood is estimated to be 44.63%.
3 analysts offering their estimates for the company have set an average revenue estimate of 56.67M for the current quarter. 3 have an estimated revenue figure of 59.17M for the next ending quarter. Year-ago sales stood 39.35M and 42.03M respectively for this quarter and the next, and analysts expect sales will grow by 44.00% for the current quarter and 44.63% for the next.
Earnings growth for 2024 is a modest 2400.00% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
AMSC Dividends
American Superconductor Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
American Superconductor Corp (NASDAQ:AMSC)’s Major holders
Insiders own 4.40% of the company shares, while shares held by institutions stand at 71.57% with a share float percentage of 74.87%. Investors are also buoyed by the number of investors in a company, with American Superconductor Corp having a total of 240.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.54 million shares worth more than $59.5 million. As of 2024-06-30, BLACKROCK INC. held 8.5298% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 2.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $51.79 million and represent 7.4236% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Roxbury/Hood River Small Cap Growth Fund. As of Sep 30, 2024, the former fund manager holds about 2.82% shares in the company for having 1.11 shares of worth $28.88 million while later fund manager owns 1.04 shares of worth $27.09 million as of Oct 31, 2024, which makes it owner of about 2.64% of company’s outstanding stock.
