In the last trading session, 9.93 million shares of the American Resources Corporation (NASDAQ:AREC) were traded, and its beta was 0.98. Most recently the company’s share price was $0.50, and it changed around $0.06 or 13.12% from the last close, which brings the market valuation of the company to $38.71M. AREC currently trades at a discount to its 52-week high of $1.63, offering almost -226.0% off that amount. The share price’s 52-week low was $0.41, which indicates that the current value has risen by an impressive 18.0% since then. We note from American Resources Corporation’s average daily trading volume that its 10-day average is 1.53 million shares, with the 3-month average coming to 977.75K.
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 green trend with a performance of 13.12% 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 0.6494 on recent trading dayincreased the stock’s daily price by 23.01%. The company’s shares are currently down -50.50% year-to-date, but still up 4.17% over the last five days. On the other hand, American Resources Corporation (NASDAQ:AREC) is -12.94% down in the 30-day period. We can see from the shorts that 3.55 million shares have been sold at a short interest cover period of 2.29 day(s).
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 on 2024-Nov-13.
American Resources Corporation (NASDAQ:AREC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 34.51% of American Resources Corporation shares, and 7.82% of them are in the hands of institutional investors. The stock currently has a share float of 11.94%. American Resources Corporation stock is held by 30.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.8517% of the shares, which is about 2.96 million shares worth $2.17 million.
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 Dec 31, 2024 . The former held 2.09 shares worth $1.05 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 $0.41 million, which represents about 4.54% of the total shares outstanding.
