American Well Corporation (NYSE:AMWL) finished Wednesday with an addition of $0.05 to close at $1.34, an upside of 3.88 percent. An average of 1,346,840 shares of common stock have been traded in the last five days. There was a fall of -$0.0200 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,452,545 shares traded, while the 50-day average volume stands at 1,223,970.
AMWL stock has decreased by -37.67% in the last month. The company shares reached their 1-month lowest point of $1.2700 on 08/23/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $1.28 and a high of $4.74 in 52 weeks. It has reached a new high 12 times so far this year and lost -52.65% or -$1.4900 in price. In spite of this, the price is down -71.73% from the 52-week high.
Insider Transactions
AMWL stock investors should be aware that American Well Corporation (AMWL) stock had its last reported insider trading activity 23 days ago on Aug 01. In this transaction, the insider spent $23,552. President, co-CEO, Schoenberg Roy, disposed of 9,486 shares at a price of $2.31 on Aug 01. The insider now owns more than $21,865 worth of shares. Prior to that, Chief Operating Officer Knight Kurt went on to Sale 5,574 shares at $2.31 each on Aug 01. An amount of $12,848 was transacted.
Valuation Metrics
American Well Corporation (AMWL) stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.41, the price-to-book (PB) ratio at 0.61.
Financial Health
The quick ratio of American Well Corporation for the three months ended June 29 was 4.80, and the current ratio was 4.90, indicating that the company is 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 June 29. American Well Corporation’s EBITDA margin for the year ending June 29 is -83.46%. Its gross profit as reported stood at $116.77 million compared to revenue of $277.19 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$92.48 million in the quarter, while revenues of -$397.69 million were grew 25.23%. The analyst consensus anticipated American Well Corporation’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.33, a -50.00% surprise. For the quarter, EBITDA amounted to -$58.8 million. Shareholders own equity worth $284.67 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Well Corporation (AMWL) price momentum. RSI 9-day as of the close on 23 August was 21.14%, suggesting the stock is oversold, with historical volatility in this time frame at 40.41%.
As of today, AMWL’s price is $1.3240 -1.47% or -$0.0200 from its 5-day moving average. AMWL is currently trading -43.46% lower than its 20-day SMA and -40.18% lower than its 100-day SMA. However, the stock’s current price level is -45.08% below the SMA50 and -64.27% below the SMA200.
The stochastic %K and %D were 4.66% and 3.17%, respectively, and the average true range (ATR) was 0.1050. With the 14-day stochastic at 7.95% and the average true range at 0.1130, the RSI (14) stands at 24.01%. The stock has reached -0.0589 on the 9-day MACD Oscillator while the 14-day reading was at -0.2321.
Analyst Ratings
Morgan Stanley downgraded American Well Corporation (NYSE: AMWL) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for American Well Corporation (AMWL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMWL, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is AMWL’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $4.00, with a median target of $2.60. Taking a look at these predictions, the average price target given by analysts for American Well Corporation (AMWL) stock is $2.64.
