American Well Corporation (NYSE:AMWL) saw a downside of -3.41% to close Monday at $1.98 after subtracting -$0.07 on the day. The 5-day average trading volume is 1,647,480 shares of the company’s common stock. It has gained $2.43 in the past week and touched a new high 1 time within the past 5 days. An average of 1,069,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,152,446.
The company’s shares have touched a 52-week low of $1.92 and high of $5.43, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, AMWL has lost -30.04% or -$0.85 and has reached a new high 12 times. However, the current price is down -63.50% from the 52-week high price.
Insider Transactions
AMWL stock investors last saw insider trading activity on Aug 01.Schoenberg Ido (Chairman, co-CEO) most recently sold 10,218 shares at $2.31 per share on Aug 01. This transaction cost the insider $23,552. President, co-CEO, Schoenberg Roy, sold 9,486 shares at a price of $2.31 on Aug 01. Then, on Aug 01, Chief Operating Officer Knight Kurt sold 5,574 shares at a price of $2.31 per share. This transaction amounted to $12,848.
Valuation Metrics
AMWL stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.08 while the price-to-book (PB) in the most recent quarter is 0.90.
American Well Corporation’s quick ratio for the period ended June 29 was 4.80, with the current ratio over the same period at 4.90. In terms of profitability, the gross margin trailing 12 months is 40.30%. The trailing 12-month EBITDA margin is -83.46%. The firm’s gross profit as reported stood at $116.77 million against revenue of $277.19 million.
Earnings Surprise
For the quarterly period ending June 29 this year, American Well Corporation’s cash and short-term investments amounted to $297.33 million against total debt of $12.93 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 25.23% to -$92.48 million, while revenue of -$397.69 million was -330.03% off the previous quarter. Analysts expected AMWL to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.23, representing a -4.50% surprise. EBITDA for the quarter stood at more than -$58.8 million. AMWL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 128.49 million, with total debt at $12.93 million. Shareholders hold equity totaling $284.67 million.
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 07 August was 31.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 76.09%.
The stock’s 5-day moving average is $2.13, reflecting a -19.18% or -$0.47 change from its current price. AMWL is currently trading -2.94% above its 20-day SMA, -20.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.00% and SMA200 by-45.60%.
Stochastic %K and %D was 22.78% and 31.29% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 37.49%, while the 14-day stochastic is at 18.33% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for American Well Corporation (NYSE: AMWL), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for AMWL stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AMWL as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $2.00 and a high of $4.00, with their median price target at $2.60. Looking at these predictions, the average price target given by analysts is for American Well Corporation (AMWL) stock is $2.66.
