The stock of American Superconductor Corporation (NASDAQ:AMSC) increased by $0.35 on Tuesday to at $9.61, up 3.78 percent. The last five days have seen an average of 957,521 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $5.89. The average number of shares traded over the last 20 days was 4,801,095, while the average volume over the last 50 days totaled 3,213,914.
AMSC stock dropped -4.66% since last month. On 08/10/23, the company’s shares reached a one-month low of $8.03. The stock touched a high of $17.37 on 08/01/23, after rallying from a low of $3.20 in 52 weeks. The price of AMSC stock has risen by 161.14% or $5.89 this year, reaching a new high 21 times. Still, the stock price is down -44.67% 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 68 days ago on Jun 22. On Jun 22, Chairman, President and CEO McGahn Daniel P sold 36,902 shares at $5.95 each. This transaction resulted in the insider making $219,596. On Jun 22, Kosiba John W JR sold 29,878 shares at a price of US$5.95. After the transaction, the insider now owns 377,136 shares. Chairman, President and CEO McGahn Daniel P had earlier sold 73,802 shares on Jun 21 for $6.14 a share. The transaction was completed for $453,351.
Valuation Metrics
Beta for the stock is 1.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.49, the price-to-book (PB) ratio of 3.48.
Financial Health
For the three months ended June 29, American Superconductor Corporation’s quick ratio was 0.70, while its current ratio was 1.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 11.10% percent. American Superconductor Corporation’s EBITDA margin for the year ended June 29 was -25.03%, whereas its operating margin stood at -25.90% for the same period. Based on annual data, it had gross profit of $8.52 million and revenue of $105.98 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMSC’s return on assets (ROA) during the last 12 months has been -18.60%. There was a -40.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -37.10%.
Earnings Surprise
According to American Superconductor Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $29.28 million, while revenues rose by 3.31% to $23.52 million. It was predicted that American Superconductor Corporation’s quarterly earnings would be -$0.08, but it ended up being -$0.16. EBITDA was -$4.21 million for the quarter. At the end of American Superconductor Corporation’s most recent quarter ended June 29, its liabilities totaled 92.72 million, while its total debt was $2.9 million. Equity owned by shareholders amounts to $30.29 million.
Technical Picture
Here’s a quick look at American Superconductor Corporation’s (AMSC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 55.22%, suggesting the stock is Neutral, with a 56.36% historical volatility rate.
The stochastic %K and %D were 55.79% and 42.94% respectively, while the average true range (ATR) was 0.93. Based on the 14-day stochastic reading of 70.32%, the RSI (14) reading is 54.14%. On the 9-day MACD Oscillator, the stock is at 0.24, and the 14-day reading is at 0.14.
Analyst Ratings
Analysts have assigned American Superconductor Corporation (AMSC) an Buy rating. AMSC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is AMSC’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $13.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for American Superconductor Corporation (AMSC) is $11.67.
