American Well Corporation (NYSE:AMWL) price closed lower on Monday, September 13, dropping -2.14% below its previous close.
A look at the daily price movement shows that the last close reads $10.77, with intraday deals fluctuated between $10.33 and $10.84. Taking into account the 52-week price action we note that the stock hit a 52-week high of $43.75 and 52-week low of $9.43. The stock subtracted -1.95% on its value in the past month.
American Well Corporation, which has a market valuation of $2.51 billion, is expected to release its quarterly earnings report Nov 10, 2021 – Nov 15, 2021. Analysts tracking AMWL have forecast the quarterly EPS to shrink by -0.24 per share this quarter, while the same analysts predict the annual EPS to hit -$0.8 for the year 2021 and up to -$0.69 for 2022. In this case, analysts estimate an annual EPS growth of 64.80% for the year and 13.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $65.78 million, with the likely lows of $62.9 million and highs of $68.92 million. The average estimate suggests sales growth for the quarter will likely rise by 5.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $255.33 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 4.10% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMWL a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 13 analysts have assigned AMWL a recommendation rating as follows: 9 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the American Well Corporation (AMWL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AMWL’s price is at present 1.18% off the SMA20 and -4.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.66, with weekly volatility standing at 5.29%. The indicator jumps to 5.29% when calculated based on the past 30 days. American Well Corporation (NYSE:AMWL)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.55. Considering analysts have assigned the stock a price target range of $12.50-$27.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $16.56. Based on this estimate, we see that current price is roughly -18.6% off the estimated low and -156.17% off the forecast high. Investors will no doubt be excited to see the share price fall to $13.50, which is the median consensus price, and at that level AMWL would be -28.08% from current price.
An analysis of the American Well Corporation (NYSE:AMWL) stock in terms of its daily trading volume indicates that the 3-month average is 2.89 million.
Current records show that the company has 249.37M in outstanding shares. The insiders’ percentage holdings are 4.60% of outstanding shares while the percentage share held by institutions stands at 49.90%. But the -58.39% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.