American Superconductor Corp (NASDAQ:AMSC) price on Thursday, February 27, fall -6.82% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $22.12.
A look at the stock’s price movement, the close in the last trading session was $23.74. The PE ratio in trailing twelve months stood at 291.05. Turning to its 52-week performance, $38.02 and $11.36 were the 52-week high and 52-week low respectively. Overall, AMSC moved -15.54% over the past month.
American Superconductor Corp’s market cap currently stands at around $872.85 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 60.27M for the company’s revenue for the quarter, with a low and high estimate of 59.2M and 61.3M respectively. The average forecast suggests up to a 43.40% 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 216.43M, representing a 48.61% 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 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -21.83% and -19.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.80, while 7-day volatility ratio is 9.67% and 8.87% in the 30-day chart. Further, American Superconductor Corp (AMSC) has a beta value of 2.44, and an average true range (ATR) of 2.44. Analysts have given the company’s stock an average 52-week price target of $29, forecast between a low of $29 and high of $29. Looking at the price targets, the low is -31.1% off current price level while to achieve the yearly target high, price needs to move -31.1%. Nonetheless, investors will most likely welcome a -31.1% jump to $29 which is the analysts’ median price.
If we refocus on American Superconductor Corp (NASDAQ:AMSC), historical trading data shows that trading volumes averaged 1.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 39.86 million shares.
The 4.41% of American Superconductor Corp’s shares are in the hands of company insiders while institutional holders own 70.58% of the company’s shares. Current price change has pushed the stock -10.19% 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.
