In the last trading session, 2.27 million shares of the American Resources Corporation (NASDAQ:AREC) were traded, and its beta was 0.31. Most recently the company’s share price was $0.63, and it changed around -$0.01 or -1.48% from the last close, which brings the market valuation of the company to $49.04M. AREC currently trades at a discount to its 52-week high of $1.78, offering almost -182.54% off that amount. The share price’s 52-week low was $0.41, which indicates that the current value has risen by an impressive 34.92% since then.
American Resources Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended AREC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. American Resources Corporation is expected to report earnings per share of -0.13 for the current quarter.
American Resources Corporation (NASDAQ:AREC) trade information
Instantly AREC has showed a red trend with a performance of -1.48% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7800 on recent trading dayincreased the stock’s daily price by 19.23%. The company’s shares are currently down -37.28% year-to-date, but still up 15.64% over the last five days. On the other hand, American Resources Corporation (NASDAQ:AREC) is -4.39% down in the 30-day period.
American Resources Corporation (AREC) estimates and forecasts
The year-over-year growth rate is expected to be -91.04%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.3M in revenue for the current quarter. 2 analysts expect American Resources Corporation to make 13.9M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 1,857.83%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 47.21%.
AREC Dividends
American Resources Corporation’s next quarterly earnings report is expected to be released in April.
BLACKROCK INC., with 1.1263% or 0.87 million shares worth $0.63 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 2.09 shares worth $1.32 million, making up 11.52% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 824.16 shares worth around $0.52 million, which represents about 4.54% of the total shares outstanding.
