American Resources Corporation (NASDAQ:AREC) traded at $0.48 at close of the session on Monday, March 10 and made a downward move of -13.14% on its previous day’s price.
American Resources Corporation has a market cap of $37.36 million and is expected to release its quarterly earnings report in April.
The median projection represents growth squeezing down to 1,857.83% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.5M, or -91.04% down from figures reported last year.
On the other hand, looking at the outlook for the AREC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the American Resources Corporation (AREC) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -18.46% off its SMA20 and -30.42% from its 50-day simple moving average. The RSI (14) is pointing at 33.71 while the volatility over the past week is 13.40% and jumps to 14.38% over the past one month. The beta value is 0.89, while the average true range (ATR) is currently pointing at 0.08.
