American Superconductor Corporation (NASDAQ:AMSC) finished Thursday with an addition of $1.14 to close at $9.68, an upside of 13.35 percent. An average of 8,111,760 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 6,626,570 shares traded, while the 50-day average volume stands at 2,806,234.
AMSC stock has increased by 42.35% in the last month. The company shares reached their 1-month lowest point of $6.40 on 07/14/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $3.20 and a high of $17.37 in 52 weeks. It has reached a new high 21 times so far this year and achieved 163.04% or $6.00 in price. In spite of this, the price is down -44.27% from the 52-week high.
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Insider Transactions
AMSC stock investors should be aware that American Superconductor Corporation (AMSC) stock had its last reported insider trading activity 50 days ago on Jun 22. In this transaction, the insider spent $219,596. SVP, CFO & Treasurer, Kosiba John W JR, disposed of 29,878 shares at a price of $5.95 on Jun 22. The insider now owns more than $177,816 worth of shares. Prior to that, Chairman, President and CEO McGahn Daniel P went on to Sale 73,802 shares at $6.14 each on Jun 21. An amount of $453,351 was transacted.
Valuation Metrics
American Superconductor Corporation (AMSC) stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.57, the price-to-book (PB) ratio at 3.32.
Financial Health
The quick ratio of American Superconductor Corporation for the three months ended March 30 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. American Superconductor Corporation’s EBITDA margin for the year ending March 30 is -25.03%, while its operating margin for the same period stands at -31.10%. Its gross profit as reported stood at $8.52 million compared to revenue of $105.98 million.
Earnings Surprise
For the three-month period that ended March 30, American Superconductor Corporation had $10000.0 in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.4 million in the quarter, while revenues of -$9.58 million were grew 6.85%. The analyst consensus anticipated American Superconductor Corporation’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.28, a -40.00% surprise. For the quarter, EBITDA amounted to -$4.21 million. Shareholders own equity worth $30.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Superconductor Corporation (AMSC) price momentum. RSI 9-day as of the close on 10 August was 52.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 348.15%.
As of today, AMSC’s price is $9.45 +0.83% or $0.08 from its 5-day moving average. AMSC is currently trading +44.91% higher than its 20-day SMA and +126.70% higher than its 100-day SMA. However, the stock’s current price level is +128.30% above the SMA50 and +137.84% above the SMA200.
The stochastic %K and %D were 19.70% and 22.47%, respectively, and the average true range (ATR) was 1.86. With the 14-day stochastic at 26.09% and the average true range at 1.60, the RSI (14) stands at 54.18%. The stock has reached -1.53 on the 9-day MACD Oscillator while the 14-day reading was at -0.65.
Analyst Ratings
The consensus rating for American Superconductor Corporation (AMSC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMSC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is AMSC’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $13.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for American Superconductor Corporation (AMSC) stock is $9.67.
