At the last check on Friday, American Superconductor Corporation’s (NASDAQ:AMSC) stock was up $0.21, moving up 2.44 percent to $8.83. The average number of shares traded per day over the past five days has been 2,610,429 shares. 1 time new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 7,328,682, while in the previous 50 days, it was 3,076,525.
Since last month, AMSC stock rose 25.07%. Shares of the company fell to $6.89 on 07/21/23, the lowest level in the past month. A 52-week high of $17.37 was reached on 08/01/23 after having rallying from a 52-week low of $3.20. Since the beginning of this year, AMSC’s stock price has risen by 139.95% or $5.11, and marked a new high 21 times. However, the stock has declined by -49.17% since its 52-week high.
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Sponsored
AMSC stock investors should be aware that American Superconductor Corporation (AMSC) stock had its last reported insider trading activity 57 days ago on Jun 22. McGahn Daniel P, the Chairman, President and CEO of the company, disposed of 36,902 shares for $5.95 on Jun 22. It resulted in a $219,596 divestment by the insider. Kosiba John W JR sold 29,878 shares at an average price of $5.95 on Jun 22. The insider now owns 377,136 shares following the transaction. On Jun 21, Chairman, President and CEO McGahn Daniel P sold 73,802 shares at $6.14 apiece. The transaction was valued at $453,351.
Valuation Metrics
The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 2.78, the price-to-book (PB) ratio of 3.20.
Financial Health
In the three months ended June 29, American Superconductor Corporation’s quick ratio stood at 0.70, while its current ratio was 1.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 8.00% percent. In the year ended June 29, EBITDA margin amounted to -25.03%, whereas operating margins totaled -27.80%. Based on annual data, AMSC earned $8.52 million in gross profit and brought in $105.98 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 -40.60%. Return on equity (ROE) for the past 12 months was -37.10%.
In American Superconductor Corporation’s quarter-end financial report for June 29, it reported total debt of $10000.0. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMSC’s revenue rose 3.31% to $23.88 million during the quarter, while net income inched up to $29.28 million. While analysts expected American Superconductor Corporation to report -$0.16 quarterly earnings, the actual figure was -$0.08 per share. During the quarter, the company generated -$4.21 million in EBITDA. The liabilities of American Superconductor Corporation were 92.72 million at the end of its most recent quarter ended June 29, and its total debt was $2.9 million. The value of shareholders’ equity is $30.29 million.
Technical Picture
This quick technical analysis looks at American Superconductor Corporation’s (AMSC) price momentum. With a historical volatility rate of 147.29%, the RSI 9-day stood at 47.87% on 17 August.
With respect to its five-day moving average, the current American Superconductor Corporation price is up by +0.29% percent or $0.02. At present, AMSC shares trade +20.25% above its 20-day simple moving average and +107.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +46.01% above its SMA50 and +94.47% above its SMA200.
Stochastic coefficient K was 8.03% and Stochastic coefficient D was 11.62%, while ATR was 1.38. Given the Stochastic reading of 8.14% for the 14-day period, the RSI (14) reading has been calculated as 50.24%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -1.12.
Analyst Ratings
American Superconductor Corporation (AMSC) has been rated Buy by analysts. According to 0 brokerage firms, AMSC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate American Superconductor Corporation stock as buy, with 3 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $13.00. Based on these forecasts, analysts predict American Superconductor Corporation (AMSC) will achieve an average price target of $11.67.
