American Resources Corporation (NASDAQ:AREC) saw a downside of -3.91% to close Monday at $2.21 after subtracting -$0.09 on the day. The 5-day average trading volume is 3,203,240 shares of the company’s common stock. It has gained $2.48 in the past week. An average of 2,826,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,757,180.
AREC’s 1-month performance is -3.91% or -$0.09 on its low of $1.79 reached on 10/04/21. The company’s shares have touched a 52-week low of $1.26 and high of $8.02, with the stock’s rally to the 52-week high happening on 02/09/21. YTD, AREC has achieved 13.33% or $0.26. However, the current price is down -72.44%% from the 52-week high price.
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American Resources Corporation (AREC) has a trailing price-to-earnings (P/E) ratio of 8.40 for the broader industry and 19.63 for the sector.AREC stock has a beta of -0.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 174.75 while the price-to-book (PB) in the most recent quarter is 12.28.
American Resources Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10 meaning that AREC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.62, while the total debt to equity was 2.52The trailing 12-month EBITDA margin is -1095.58%. The firm’s gross profit as reported stood at -$2.69 million against revenue of $1.06 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AREC to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.13, representing a -116.70% surprise. EBITDA for the quarter stood at more than -$1.83 million. AREC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 49.15 million, with total debt at $23.45 million. Shareholders hold equity totaling $60.06 million
Let’s look briefly at American Resources Corporation (AREC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 59.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 108.28%.
The stock’s 5-day moving average is $2.10, reflecting a +3.76% or $0.08 change from its current price. AREC is currently trading -3.91% above its 20-day SMA, -18.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.28% and +33.94% respectively.
Stochastic %K and %D was 53.16% and 40.51% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 56.11%, while the 14-day stochastic is at 53.16% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.21 on the 14-day charts.
Analysts offering their rating for AREC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AREC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AREC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.30 and a high of $4.00, with their median price target at $3.65. Looking at these predictions, the average price target given by analysts is for American Resources Corporation (AREC) stock is $3.65.