American Superconductor Corp (NASDAQ:AMSC) price on Wednesday, February 05, rose 0.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $25.52.
A look at the stock’s price movement, the close in the last trading session was $25.32, moving within a range at $25.01 and $26.11. The beta value (5-Year monthly) was 2.137. Turning to its 52-week performance, $38.02 and $10.19 were the 52-week high and 52-week low respectively. Overall, AMSC moved -11.02% over the past month.
American Superconductor Corp’s market cap currently stands at around $1.01 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 59.17M for the company’s revenue for the quarter, with a low and high estimate of 57.8M and 60.3M respectively. The average forecast suggests up to a 40.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 210.63M, representing a 44.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMSC is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend AMSC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMSC’s current price about -6.24% and -9.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.65, while 7-day volatility ratio is 6.50% and 6.08% in the 30-day chart. Further, American Superconductor Corp (AMSC) has a beta value of 2.43, and an average true range (ATR) of 1.91. Analysts have given the company’s stock an average 52-week price target of $31, forecast between a low of $29 and high of $33. Looking at the price targets, the low is -13.64% off current price level while to achieve the yearly target high, price needs to move -29.31%. Nonetheless, investors will most likely welcome a -21.47% jump to $31 which is the analysts’ median price.
If we refocus on American Superconductor Corp (NASDAQ:AMSC), historical trading data shows that trading volumes averaged 0.9 over the past 10 days and 1.30 million over the past 3 months. The company’s latest data on shares outstanding shows there are 39.83 million shares.
The 4.41% of American Superconductor Corp’s shares are in the hands of company insiders while institutional holders own 68.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.91 million on 2025-01-15, giving us a short ratio of 3.55. The data shows that as of 2025-01-15 short interest in American Superconductor Corp (AMSC) stood at 1033.0 of shares outstanding, with shares short rising to 2.97 million registered in 2024-12-13. Current price change has pushed the stock 3.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMSC stock continues to rise going into the next quarter.
