As of Wednesday close, American Resources Corporation’s (NASDAQ:AREC) stock was up $0.01, moving up 0.58 percent to $1.72. The average number of shares traded per day over the past five days has been 687,560 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0500 gain in that time frame. In the last twenty days, the average volume was 826,685, while in the previous 50 days, it was 664,612.
Since last month, AREC stock retreated -25.22%. Shares of the company fell to $1.5100 on 11/09/22, the lowest level in the past month. A 52-week high of $3.56 was reached on 09/06/22 after having rallying from a 52-week low of $1.20. Since the beginning of this year, AREC’s stock price has dropped by -4.44% or -$0.0800, and marked a new high 13 times. However, the stock has declined by -51.69% since its 52-week high.
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AREC stock investors should be aware that American Resources Corporation (AREC) stock had its last reported insider trading activity 185 days ago on May 23. Taylor Kirk Patrick, the Chief Financial Officer of the company, purchased of 1,000 shares for $1.63 on May 23. It resulted in a $1,629 investment by the insider. Sauve Thomas M. added 5,000 shares at an average price of $1.50 on May 18. The insider now owns 4,429,501 shares following the transaction. On May 18, Chief Executive Officer Jensen Mark C. bought 5,000 shares at $1.50 apiece. The transaction was valued at $7,488.
In the three months ended June 29, American Resources Corporation’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.80% percent. In the year ended June 29, operating margins totaled -56.10%. Based on annual data, AREC earned $0.67 million in gross profit and brought in $7.75 million in revenue.
In American Resources Corporation’s quarter-end financial report for June 29, it reported total debt of $2.2 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AREC’s revenue rose 70.45% to $16.2 million during the quarter, while net income inched up to $9.51 million. While analysts expected American Resources Corporation to report -$0.05 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated -$4.08 million in EBITDA. The liabilities of American Resources Corporation were 46.39 million at the end of its most recent quarter ended June 29, and its total debt was $13.78 million. The value of shareholders’ equity is $68.7 million.
This quick technical analysis looks at American Resources Corporation’s (AREC) price momentum. With a historical volatility rate of 57.11%, the RSI 9-day stood at 44.90% on 23 November.
With respect to its five-day moving average, the current American Resources Corporation price is up by +2.99% percent or $0.0500. At present, AREC shares trade -27.12% below its 20-day simple moving average and +16.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately -44.87% below its SMA50 and -8.02% below its SMA200.
Stochastic coefficient K was 45.66% and Stochastic coefficient D was 33.71%, while ATR was 0.1415. Given the Stochastic reading of 57.53% for the 14-day period, the RSI (14) reading has been calculated as 40.86%. As of today, the MACD Oscillator reading stands at -0.0144.