American Resources Corporation (NASDAQ:AREC) Up 60.19% Since 52-Week Low; YTD Fall -30.87% – Here’s What You Need To Do

American Resources Corporation (NASDAQ:AREC)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 0.23. At the close of trading, the stock’s price was $1.03, to imply a decrease of -4.63% or -$0.05 in intraday trading. The AREC share’s 52-week high remains $1.78, putting it -72.82% down since that peak but still an impressive 60.19% since price per share fell to its 52-week low of $0.41. The company has a valuation of $79.74M, with an average of 0.23 million shares in intraday trading volume over the past 10 days and average of 309.85K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for American Resources Corporation (AREC), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give AREC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.13.

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American Resources Corporation (NASDAQ:AREC) trade information

After registering a -4.63% downside in the last session, American Resources Corporation (AREC) has traded red over the past five days. The 5-day price performance for the stock is -2.83%, and -15.57% over 30 days. With these gigs, the year-to-date price performance is -30.87%. Short interest in American Resources Corporation (NASDAQ:AREC) saw shorts transact 2.7 million shares and set a 9.67 days time to cover.

American Resources Corporation (AREC) estimates and forecasts

Looking at statistics comparing American Resources Corporation share performance against respective industry, we note that the company has underperformed competitors. American Resources Corporation (AREC) shares are 40.86% up over the last 6 months, with its year-to-date growth rate lower than industry average at -153.33% against 8.10%. The rating firms project that company’s revenue will shrink -91.04% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 1.3M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 13.9M.

AREC Dividends

American Resources Corporation has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

American Resources Corporation (NASDAQ:AREC)’s Major holders

American Resources Corporation insiders hold 34.52% of total outstanding shares, with institutional holders owning 7.51% of the shares at 11.48% float percentage. In total, 7.51% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 2.96 million shares (or 3.8517% of shares), all amounting to roughly $2.17 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 0.87 million shares, or about 1.1263% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.63 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the American Resources Corporation (AREC) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 2.09 shares. This is just over 11.52% of the total shares, with a market valuation of $2.15 million. Data from the same date shows that the other fund manager holds a little less at 824.16, or 4.54% of the shares, all valued at about 0.85 million.