American Well Corporation (NYSE: AMWL)’s stock price has plunge by -4.84relation to previous closing price of 0.81. Nevertheless, the company has seen a -12.45% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-02-21 that Boston, Feb. 21, 2024 (GLOBE NEWSWIRE) — Amwell ® (NYSE: AMWL), a leader in hybrid care enablement, announced that company executives will participate in the TD Cowen Health Care Conference on Tuesday, March 5 in Boston.
Is It Worth Investing in American Well Corporation (NYSE: AMWL) Right Now?
The 36-month beta value for AMWL is at 1.00. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMWL is 221.88M, and currently, shorts hold a 1.96% of that float. The average trading volume for AMWL on April 02, 2024 was 1.43M shares.
AMWL’s Market Performance
The stock of American Well Corporation (AMWL) has seen a -12.45% decrease in the past week, with a -28.56% drop in the past month, and a -50.86% fall in the past quarter. The volatility ratio for the week is 8.00%, and the volatility levels for the past 30 days are at 6.98% for AMWL. The simple moving average for the last 20 days is -17.03% for AMWL stock, with a simple moving average of -44.48% for the last 200 days.
Analysts’ Opinion of AMWL
Many brokerage firms have already submitted their reports for AMWL stocks, with Morgan Stanley repeating the rating for AMWL by listing it as a “Equal-Weight.” The predicted price for AMWL in the upcoming period, according to Morgan Stanley is $2.50 based on the research report published on August 03, 2023 of the previous year 2023.
TD Cowen, on the other hand, stated in their research note that they expect to see AMWL reach a price target of $2.50, previously predicting the price at $5. The rating they have provided for AMWL stocks is “Market Perform” according to the report published on March 23rd, 2023.
Piper Sandler gave a rating of “Neutral” to AMWL, setting the target price at $3.50 in the report published on February 27th of the previous year.
AMWL Trading at -25.87% from the 50-Day Moving Average
After a stumble in the market that brought AMWL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.79% of loss for the given period.
Volatility was left at 6.98%, however, over the last 30 days, the volatility rate increased by 8.00%, as shares sank -27.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.90% lower at present.
During the last 5 trading sessions, AMWL fell by -12.45%, which changed the moving average for the period of 200-days by -69.14% in comparison to the 20-day moving average, which settled at $0.9154. In addition, American Well Corporation saw -48.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMWL starting from McNeice Paul Francis, who sale 5,418 shares at the price of $1.03 back on Mar 08 ’24. After this action, McNeice Paul Francis now owns 197,865 shares of American Well Corporation, valued at $5,572 using the latest closing price.
Shepardson Robert, the Chief Financial Officer of American Well Corporation, sale 68,303 shares at $1.07 during a trade that took place back on Mar 01 ’24, which means that Shepardson Robert is holding 2,776,845 shares at $73,180 based on the most recent closing price.
Stock Fundamentals for AMWL
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.33 for the gross margin
The net margin for American Well Corporation stands at -2.61. The total capital return value is set at -0.06. Equity return is now at value -88.37, with -74.72 for asset returns.
Based on American Well Corporation (AMWL), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -12.59. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -1.64.
Currently, EBITDA for the company is -219.33 million with net debt to EBITDA at -1.69. When we switch over and look at the enterprise to sales, we see a ratio of -0.53. The receivables turnover for the company is 4.78for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
In conclusion, American Well Corporation (AMWL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
