American Resources Corporation (NASDAQ:AREC) has a beta value of 0.42 and has seen 65.2 million shares traded in the last trading session. The company, currently valued at $99.87M, closed the last trade at $1.29 per share which meant it gained $0.18 on the day or 16.22% during that session. The AREC stock price is -23.26% off its 52-week high price of $1.59 and 70.54% above the 52-week low of $0.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.97 million shares traded. The 3-month trading volume is 4.21 million shares.
The consensus among analysts is that American Resources Corporation (AREC) 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 -0.13.
American Resources Corporation (NASDAQ:AREC) trade information
Sporting 16.22% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AREC stock price touched $1.29 or saw a rise of 23.21%. Year-to-date, American Resources Corporation shares have moved 27.72%, while the 5-day performance has seen it change 170.21%. Over the past 30 days, the shares of American Resources Corporation (NASDAQ:AREC) have changed 181.48%. Short interest in the company has seen 4.55 million shares shorted with days to cover at 2.28.
American Resources Corporation (AREC) estimates and forecasts
The company’s shares have gained 26.47% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -91.04%.
2 analysts offering their estimates for the company have set an average revenue estimate of 1.3M for the current quarter. 2 have an estimated revenue figure of 13.9M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 47.21% over the past 5 years.
AREC Dividends
American Resources Corporation is expected to release its next earnings report on 2024-Nov-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
American Resources Corporation (NASDAQ:AREC)’s Major holders
Insiders own 34.51% of the company shares, while shares held by institutions stand at 6.98% with a share float percentage of 10.66%. Investors are also buoyed by the number of investors in a company, with American Resources Corporation having a total of 30.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.96 million shares worth more than $2.17 million. As of 2024-06-30, VANGUARD GROUP INC held 3.8517% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 0.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.63 million and represent 1.1192% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 11.52% shares in the company for having 2.09 shares of worth $2.7 million while later fund manager owns 824.16 shares of worth $1.06 million as of Dec 31, 2024 , which makes it owner of about 4.54% of company’s outstanding stock.
