YTD, How Many New Highs Are Made By American Resources Corporation (AREC)?

The stock of American Resources Corporation (NASDAQ:AREC) increased by increased by $0.12 on Friday to finish at $2.59, up 4.86 percent. The last five days have seen an average of 2,242,800 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.64. The average number of shares traded over the last 20 days was 3,359,625, while the average volume over the last 50 days totaled 2,058,520.

AREC stock appreciated 33.51% since last month. On 10/04/21, the company’s shares reached a one-month low of $1.79. The stock touched a high of $8.02 on 02/09/21, after rallying from a low of $1.26 in 52 weeks. The price of AREC stock has risen by 32.82% or $0.64 this year, reaching a new high 14 times. Still, the stock price is down -67.71% from the 52-week high.

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Valuation Metrics

Beta for the stock is -0.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 212.01, the price-to-book (PB) ratio of 14.39.

For the three months ended June 29, American Resources Corporation’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.62, and the total debt to equity ratio is 2.52. Based on annual data, it had gross profit of -$2.69 million and revenue of $1.06 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AREC’s return on assets (ROA) during the last 12 months has been -52.10%. There was a -131.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 150.80%.

Earnings Surprise

According to American Resources Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.39 million, while revenues rose by 41.03% to $10000.0. It was predicted that American Resources Corporation’s quarterly earnings would be -$0.13, but it ended up being -$0.06, beating the consensus by -116.70%. EBITDA was -$1.83 million for the quarter. At the end of American Resources Corporation’s most recent quarter ended June 29, its liabilities totaled 49.15 million, while its total debt was $24.41 million. Equity owned by shareholders amounts to $60.06 million.

Technical Picture

Here’s a quick look at American Resources Corporation’s (AREC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 69.60%, suggesting the stock is Neutral, with a 43.92% historical volatility rate.

The stochastic %K and %D were 86.19% and 85.95% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 89.61%, the RSI (14) reading is 65.70%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.22.

Analyst Ratings

Analysts have assigned American Resources Corporation (AREC) an Buy rating. AREC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

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

The current consensus forecast for the stock is between $3.30 and $4.00, with a median target price of $3.65. In analyzing these forecasts, the average price target given by analysts for American Resources Corporation (AREC) is $3.65.


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