Better Times Ahead For American Superconductor Corp. (NASDAQ: AMSC)?

American Superconductor Corp. (AMSC) concluded trading on Wednesday at a closing price of $11.00, with 5.88 million shares of worth about $64.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.80% during that period and on Wednesday, January 31 the price saw a loss of about -18.15%. Currently the company’s common shares owned by public are about 29.54M shares, out of which, 29.10M shares are available for trading.

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.

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However, the stock later moved at a day high price of 11.50, or with a loss of -18.15%. Stock saw a price change of 12.82% in past 5 days and over the past one month there was a price change of -1.26%. Year-to-date (YTD), AMSC shares are showing a performance of -1.26% which increased to 118.69% 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 749.24K. The stock is currently trading 0.28% above its 20-day simple moving average (SMA20), while that difference is up 5.12% for SMA50 and it goes to 42.54% higher than SMA200.

American Superconductor Corp. (NASDAQ: AMSC) currently have 29.54M outstanding shares and institutions hold larger chunk of about 46.64% of that.

The stock has a current market capitalization of $338.14M and its 3Y-monthly beta is at 1.93. 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 11.73% while standing at 7.50% over the month.

Analysts are in expectations that American Superconductor Corp. (AMSC) stock would likely to be making an EPS of $American Superconductor Corpora in the current quarter, while forecast for next quarter EPS is $11.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Ardmore Shipping Corporation which is $Ameresco, Inc. 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 $Amesite Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 93.85% while it is estimated to increase by 163.16% 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.

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