American Well Corporation (AMWL): Keep paying attention to its insider activity

American Well Corporation (NYSE:AMWL) saw an upside of 1.94% to close Tuesday at $8.40 after adding $0.16 on the day. The 5-day average trading volume is 1,708,900 shares of the company’s common stock. It has gained $8.96 in the past week. An average of 2,192,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,175,756.

AMWL’s 1-month performance is -20.30% or -$2.37 on its low of $8.15 reached on 10/06/21. The company’s shares have touched a 52-week low of $8.15 and high of $43.75, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, AMWL has lost -66.84% or -$16.93. However, the current price is down -80.80%% from the 52-week high price.

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Insider Transactions

On Oct 01, 12 days have gone by since the last insider trading activity for American Well Corporation (AMWL). Schoenberg Ido (Chairman, co-CEO) most recently sold 107,000 shares at $8.95 per share on Oct 01. This transaction cost the insider $957,350. President, co-CEO, Schoenberg Roy, sold 107,000 shares at a price of $8.95 on Oct 01. Then, on Sep 23, Chairman, co-CEO Schoenberg Ido sold 28,720 shares at a price of $10.14 per share. This transaction amounted to $291,181.

Valuation Metrics

American Well Corporation (AMWL) has a trailing price-to-earnings (P/E) ratio of 23.70 for the broader industry and 32.19 for the sector.AMWL stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.50 while the price-to-book (PB) in the most recent quarter is 1.79.

American Well Corporation’s quick ratio for the period ended June 29 was 11.20, with the current ratio over the same period at 11.30 meaning that AMWL 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 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 38.00%. The trailing 12-month EBITDA margin is -85.60% while for the period ending June 29; American Well Corporation’s operating margin was -79.00%. The firm’s gross profit as reported stood at $88.47 million against revenue of $245.26 million.

Earnings Surprise

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 AMWL to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.15, representing a 21.10% surprise. EBITDA for the quarter stood at more than -$34.48 million. AMWL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 99.68 million, with total debt at $4.25 million. Shareholders hold equity totaling $242.89 million

Technical Picture

Let’s look briefly at American Well Corporation (AMWL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 32.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.96%.

The stock’s 5-day moving average is $8.48, reflecting a +0.60% or $0.05 change from its current price. AMWL is currently trading -18.84% above its 20-day SMA, -29.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -24.93% and -71.76% respectively.

Stochastic %K and %D was 10.32% and 13.04% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 33.65%, while the 14-day stochastic is at 12.00% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.55 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for American Well Corporation (NYSE: AMWL), Cantor Fitzgerald launched coverage with an Overweight rating. Analysts offering their rating for AMWL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AMWL as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is AMWL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $12.50 and a high of $27.00, with their median price target at $14.25. Looking at these predictions, the average price target given by analysts is for American Well Corporation (AMWL) stock is $16.40.


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