With over 0.47 million American Superconductor Corp. (AMSC) shares trading Friday and a closing price of $11.06 on the day, the dollar volume was approximately $5.23 million. The shares have shown a positive half year performance of 97.50% and its price on 12/22/23 gained nearly 5.03%. Currently, there are 29.54M common shares owned by the public and among those 28.64M shares have been available to trade.
Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 408,675 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 197,166 shares.
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Shares of American Superconductor Corp. (NASDAQ: AMSC) opened at $10.66, up $0.13 from a prior closing price of $10.53. However, the script later moved the day high at 11.14, up 5.03%. The company’s stock has a 5-day price change of -0.81% and 48.06% over the past three months. AMSC shares are trading 200.54% year to date (YTD), with the 12-month market performance up to 191.05% higher. It has a 12-month low price of $3.25 and touched a high of $17.37 over the same period. AMSC has an average intraday trading volume of 448.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.73%, 31.32%, and 60.53% respectively.
Institutional ownership of American Superconductor Corp. (NASDAQ: AMSC) shares accounts for 45.35% of the company’s 29.54M shares outstanding.
It has a market capitalization of $335.34M and a beta (3y monthly) value of 1.91. The earnings-per-share (ttm) stands at -$0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.58% over the week and 4.88% over the month.
Analysts forecast that American Superconductor Corp. (AMSC) will achieve an EPS of -$0.06 for the current quarter, -$0.04 for the next quarter and -$0.07 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 83.50%, and 58.82% over the next financial year. EPS should grow at an annualized rate of 25.00% over the next five years, compared to 6.17% over the past 5-year period.
Looking at the support for the AMSC, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on June 03, 2022, with the firm’s price target at $23-$10.
