Can American Well Corporation (AMWL) Add Value To Your Portfolio?


As of Wednesday close, American Well Corporation’s (NYSE:AMWL) stock was up $0.09, moving up 2.41 percent to $3.82. The average number of shares traded per day over the past five days has been 1,558,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 1,647,120, while in the previous 50 days, it was 1,462,490.

Since last month, AMWL stock retreated -0.52%. Shares of the company fell to $3.41 on 10/24/22, the lowest level in the past month. A 52-week high of $7.22 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 -36.75% or -$2.22, and marked a new high 1 time. However, the stock has declined by -47.09% since its 52-week high.

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AMWL stock investors should be aware that American Well Corporation (AMWL) stock had its last reported insider trading activity 23 days ago on Nov 02. Schlegel Stephen J., the Director of the company, disposed of 1,808 shares for $3.97 on Nov 02. It resulted in a $7,176 divestment by the insider. Jackson Deborah C sold 2,377 shares at an average price of $3.98 on Nov 02. The insider now owns 68,918 shares following the transaction. On Nov 02, Senior VP, General Counsel Gay Bradford sold 2,181 shares at $3.97 apiece. The transaction was valued at $8,655.

Financial Health

In the three months ended June 29, American Well Corporation’s quick ratio stood at 6.20, while its current ratio was 6.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 41.50% percent. In the year ended June 29, operating margins totaled -95.50%. 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 -22.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMWL’s revenue rose 10.1% to $64.52 million during the quarter, while net income inched up to $69.21 million. While analysts expected American Well Corporation to report -$0.26 quarterly earnings, the actual figure was -$0.25 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated -$64.1 million in EBITDA. The liabilities of American Well Corporation were 126.92 million at the end of its most recent quarter ended June 29, and its total debt was $16.02 million. The value of shareholders’ equity is $275.41 million.

Technical Picture

This quick technical analysis looks at American Well Corporation’s (AMWL) price momentum. With a historical volatility rate of 51.64%, the RSI 9-day stood at 49.32% on 23 November.

With respect to its five-day moving average, the current American Well Corporation price is down by -2.30% percent or -$0.09. At present, AMWL shares trade +0.26% above its 20-day simple moving average and -17.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.83% below its SMA50 and -9.05% below its SMA200.

Stochastic coefficient K was 29.14% and Stochastic coefficient D was 28.90%, while ATR was 0.23. Given the Stochastic reading of 37.16% for the 14-day period, the RSI (14) reading has been calculated as 49.51%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.09.

Analyst Ratings

Truist launched its rating on American Well Corporation (NYSE: AMWL) to a Hold in a note to investors on September 07, 2022. American Well Corporation (AMWL) has been rated Hold by analysts. According to 0 brokerage firms, AMWL is a sell, and 12 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 $4.50, the current consensus forecast for the stock is $3.65 – $9.00. Based on these forecasts, analysts predict American Well Corporation (AMWL) will achieve an average price target of $5.08.


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