American Resources Corporation (NASDAQ:AREC) has a beta value of 0.83 and has seen 1.06 million shares traded in the last trading session. The company, currently valued at $73.96M, closed the last trade at $0.9 per share which meant it lost -$0.02 on the day or -2.29%% during that session. The AREC stock price is -86.67% off its 52-week high price of $1.68 and 57.78% 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 2.85 million shares traded. The 3-month trading volume is 6.09 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.
American Resources Corporation (NASDAQ:AREC) trade information
Sporting -2.29%% in the red 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 $0.9 or saw a rise of 16.67%. Year-to-date, American Resources Corporation shares have moved 6.64%, while the 5-day performance has seen it change 3.16%. Over the past 30 days, the shares of American Resources Corporation (NASDAQ:AREC) have changed 12.36%. Short interest in the company has seen 5.08 million shares shorted with days to cover at 4.56.
American Resources Corporation (AREC) estimates and forecasts
The company’s shares have lost -16.76% over the past 6 months.
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 29.31% over the past 5 years.
AREC Dividends
American Resources Corporation is expected to release its next earnings report on 2025-May-28 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 25.02% of the company shares, while shares held by institutions stand at 6.30% with a share float percentage of 8.40%. 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 3.8274% 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.
