In the last trading session, 0.99 million American Resources Corporation (NASDAQ:AREC) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $0.43 changed hands at $0.02 or 4.76% during last session, the market valuation stood at $33.09M. AREC’s last price was a discount, traded about -269.77% off its 52-week high of $1.59. The share price had its 52-week low at $0.38, which suggests the last value was 11.63% up since then. When we look at American Resources Corporation’s average trading volume, we note the 10-day average is 1.47 million shares, with the 3-month average coming to 1.26 million.
Analysts gave the American Resources Corporation (AREC) 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 AREC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. American Resources Corporation’s EPS for the current quarter is expected to be -0.13.
American Resources Corporation (NASDAQ:AREC) trade information
Instantly AREC was in green as seen at the end of in last trading. With action -8.52%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -57.68%, with the 5-day performance at -8.52% in the red. However, in the 30-day time frame, American Resources Corporation (NASDAQ:AREC) is -23.06% down. Looking at the short shares, we see there were 3.89 million shares sold at short interest cover period of 1.89 days.
American Resources Corporation (AREC) estimates and forecasts
Year-over-year growth is forecast to reach -91.04% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.3M. 2 analysts are of the opinion that American Resources Corporation’s revenue for the current quarter will be 13.9M. The company’s revenue for the corresponding quarters a year ago was 66.4k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1,857.83%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 47.21%. The 2025 estimates are for American Resources Corporation earnings to increase by 102.27%.
AREC Dividends
American Resources Corporation is expected to release its next quarterly earnings report on 2024-Nov-13.
American Resources Corporation (NASDAQ:AREC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.51% of American Resources Corporation shares while 7.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.94%. There are 7.82% institutions holding the American Resources Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.8517% of the shares, roughly 2.96 million AREC shares worth $2.17 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 1.1192% or 0.87 million shares worth $0.63 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 2.09 shares estimated at $0.89 million under it, the former controlled 11.52% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 4.54% of the shares, roughly 824.16 shares worth around $0.35 million.
