American Well Corporation (NYSE: AMWL): The Best-Of-Breed For Investing?

Currently, there are 255.54M common shares owned by the public and among those 221.88M shares have been available to trade.

The company’s stock has a 5-day price change of -12.45% and -50.86% over the past three months. AMWL shares are trading -48.22% year to date (YTD), with the 12-month market performance down to -66.89% lower. It has a 12-month low price of $0.79 and touched a high of $2.73 over the same period. AMWL has an average intraday trading volume of 1.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.03%, -25.87%, and -44.48% respectively.

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Institutional ownership of American Well Corporation (NYSE: AMWL) shares accounts for 47.73% of the company’s 255.54M shares outstanding.

It has a market capitalization of $223.16M and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$2.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.00% over the week and 6.98% over the month.

Analysts forecast that American Well Corporation (AMWL) will achieve an EPS of -$0.19 for the current quarter, -$0.18 for the next quarter and -$0.43 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.23 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was -$1.42 a year ago. Earnings per share for the fiscal year are expected to increase by 66.91%, and 40.95% over the next financial year. EPS should grow at an annualized rate of 36.80% over the next five years, compared to -59.64% over the past 5-year period.

Looking at the support for the AMWL, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on August 03, 2023, with the firm’s price target at $5-$2.50. TD Cowen coverage for the American Well Corporation (AMWL) stock in a research note released on March 23, 2023 offered a Market Perform rating with a price target of $2.50. Piper Sandler was of a view on February 27, 2023 that the stock is Neutral, while BofA Securities gave the stock Buy rating on January 04, 2023, issuing a price target of $4.20. Truist on their part issued Hold rating on September 07, 2022.

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