The Vanguard Group, Inc. has recently announced that it has increased stake in American Superconductor Corp. (NASDAQ:AMSC) by 3.93%. After grabbing 1.28 million shares, the institutional investor is now in possession of 48292.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 4.22% having worth around $14.24 million. Moreover, Invesco Capital Management LLC increased its share by 0.32 million to have a control over 0.87 million shares. And Essex Investment Management Co. L raised its holdings to 0.7 million shares by acquiring 0.7 million shares or 2.31% of the stake.
American Superconductor Corp. (AMSC) concluded trading on Thursday at a closing price of $13.25, with 13.15 million shares of worth about $174.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 76.43% during that period and on Thursday, January 25 the price saw a gain of about 35.90%. Currently the company’s common shares owned by public are about 29.54M shares, out of which, 28.70M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 408,675 shares in 7 of the transactions. In 6 selling transactions, insiders dumped 197,166 shares.
Vanguard Total Stock Market ETF, Edinburgh Worldwide Investment Tr, and Baillie Gifford Overseas Growth F are the top 3 mutual funds which are holding stakes in American Superconductor Corp. Vanguard Total Stock Market ETF is currently holding 0.82 million shares of worth totaling $9.19 million. The company recently came buying 0.0 shares which brought its stake up to 2.72% of the company’s outstanding shares. Baillie Gifford Overseas Growth F, after buying 0.72 million shares, have now control over 2.39% of the stake in the company. It holds 0.0 shares of worth $8.06 million.
However, the stock later moved at a day high price of 13.80, or with a gain of 35.90%. Stock saw a price change of 35.90% in past 5 days and over the past one month there was a price change of 19.80%. Year-to-date (YTD), AMSC shares are showing a performance of 18.94% which increased to 147.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.63 but also hit the highest price of $17.37 during that period. The average intraday trading volume for American Superconductor Corp. shares is 458.61K. The stock is currently trading 25.63% above its 20-day simple moving average (SMA20), while that difference is up 31.73% for SMA50 and it goes to 75.96% higher than SMA200.
The Vanguard Group, Inc. acquired 1.28 million shares of American Superconductor Corp. having value of about $14.24 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 48292.0 shares in the company valued at close to $639869.0, or have control over 3.93% stake in the company. American Superconductor Corp. (NASDAQ: AMSC) currently have 29.54M outstanding shares and institutions hold larger chunk of about 45.23% of that. Holding of mutual funds in the company is about 23.58% while other institutional holders and individual stake holders have control over 6.17% and 21.65% of the stake respectively.
The stock has a current market capitalization of $401.74M and its 3Y-monthly beta is at 1.90. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 0.72 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMSC, volatility over the week remained 8.49% while standing at 6.77% over the month.
Analysts are in expectations that American Superconductor Corp. (AMSC) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 90.29% while it is estimated to increase by 73.33% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of 6.17% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on June 03, 2022 offering a Buy rating for the stock and assigned a target price range of between $23 and $10 to it.
