American Resources Corporation (NASDAQ:AREC) shares, rose in value on Thursday, January 02, with the stock price down by -25.27% to the previous day’s close as strong demand from buyers drove the stock to $0.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.01, falling within a range of $0.7122 and $0.92. The value of beta (5-year monthly) is 0.165. Referring to stock’s 52-week performance, its high was $1.78, and the low was $0.41. On the whole, AREC has fluctuated by -36.57% over the past month.
With the market capitalization of American Resources Corporation currently standing at about $58.44 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AREC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AREC currently trading nearly -31.91% and -31.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.86, while the 7-day volatility ratio is showing 8.51% which for the 30-day chart, stands at 7.39%. Furthermore, American Resources Corporation (AREC)’s beta value is 0.26, and its average true range (ATR) is 0.10.
A comparison of American Resources Corporation (AREC) with its peers suggests the former has fared considerably weaker in the market. AREC showed an intraday change of -25.27% in today’s session so far, and over the past year, it shrunk by -50.67%%.
Data on historical trading for American Resources Corporation (NASDAQ:AREC) indicates that the trading volumes over the past 10 days have averaged 0.31 and over the past 3 months, they’ve averaged 306.64K. According to company’s latest data on outstanding shares, there are 77.40 million shares outstanding.
Nearly 33.53% of American Resources Corporation’s shares belong to company insiders and institutional investors own 7.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.7 million shares as on 2024-10-31, resulting in a short ratio of 9.67. According to the data, the short interest in American Resources Corporation (AREC) stood at 524.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.56 million. The stock has fallen by -25.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AREC stock heading into the next quarter.
