Does Wall Street Rate American Well Corporation (AMWL) Shares A Sell?

As of Friday close, American Well Corporation’s (NYSE:AMWL) stock was up $0.35, moving up 7.54 percent to $4.99. The average number of shares traded per day over the past five days has been 2,285,700 shares. 5 times new highs have been achieved over the past 5 days, with a $1.09 gain in that time frame. In the last twenty days, the average volume was 1,594,700, while in the previous 50 days, it was 2,264,510.

Since last month, AMWL stock rose 1.42%. Shares of the company fell to $3.80 on 07/29/22, the lowest level in the past month. A 52-week high of $11.68 was reached on 01/03/22 after having rallying from a 52-week low of $2.52. Since the beginning of this year, AMWL’s stock price has dropped by -17.38% or -$1.05, and marked a new high 1 time. However, the stock has declined by -57.28% since its 52-week high.

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American Well Corporation (AMWL) last reported insider trading activity 4 days ago on Aug 02. Gay Bradford, the Senior VP, General Counsel of the company, disposed of 2,149 shares for $3.98 on Aug 02. It resulted in a $8,553 divestment by the insider. Gay Bradford sold 1,913 shares at an average price of $4.03 on Aug 01. The insider now owns 837,824 shares following the transaction. On Aug 01, President, International Gotlib Phyllis sold 4,232 shares at $3.85 apiece. The transaction was valued at $16,292.

Financial Health

In the three months ended March 30, American Well Corporation’s quick ratio stood at 5.80, while its current ratio was 5.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 42.40% percent. In the year ended March 30, operating margins totaled -81.30%. Based on annual data, AMWL earned $104.31 million in gross profit and brought in $252.79 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.00%. Return on equity (ROE) for the past 12 months was -17.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMWL’s revenue rose 10.32% to $72.75 million during the quarter, while net income inched up to $64.23 million. While analysts expected American Well Corporation to report -$0.23 quarterly earnings, the actual figure was -$0.26 per share, beating the consensus estimate by -13.00%. During the quarter, the company generated -$63.36 million in EBITDA. The liabilities of American Well Corporation were 153.01 million at the end of its most recent quarter ended March 30, and its total debt was $16.02 million. The value of shareholders’ equity is $266.31 million.

Technical Picture

This quick technical analysis looks at American Well Corporation’s (AMWL) price momentum. With a historical volatility rate of 79.98%, the RSI 9-day stood at 66.85% on 05 August.

With respect to its five-day moving average, the current American Well Corporation price is up by +27.95% percent or $1.09. At present, AMWL shares trade +5.50% above its 20-day simple moving average and +63.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +60.97% above its SMA50 and -40.60% below its SMA200.

Stochastic coefficient K was 86.18% and Stochastic coefficient D was 66.31%, while ATR was 0.33. Given the Stochastic reading of 98.35% for the 14-day period, the RSI (14) reading has been calculated as 61.53%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.30.

Analyst Ratings

Guggenheim launched its rating on American Well Corporation (NYSE: AMWL) to a Buy in a note to investors on April 14, 2022. American Well Corporation (AMWL) has been rated Overweight by analysts. According to 0 brokerage firms, AMWL is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate American Well Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $4.64, the current consensus forecast for the stock is $3.00 – $9.00. Based on these forecasts, analysts predict American Well Corporation (AMWL) will achieve an average price target of $5.00.


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