The stock of American Resources Corporation (AREC) has gone up by 10.74% for the week, with a 3.10% rise in the past month and a 1.01% rise in the past quarter. The volatility ratio for the week is 7.01%, and the volatility levels for the past 30 days are 6.27% for AREC. The simple moving average for the past 20 days is 8.91% for AREC’s stock, with a -0.92% simple moving average for the past 200 days.
Is It Worth Investing in American Resources Corporation (NASDAQ: AREC) Right Now?
Additionally, the 36-month beta value for AREC is 0.41. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for AREC is 52.95M and currently, short sellers hold a 5.06% ratio of that float. The average trading volume of AREC on April 26, 2024 was 204.83K shares.
AREC) stock’s latest price update
American Resources Corporation (NASDAQ: AREC)’s stock price has soared by 3.82 in relation to previous closing price of 1.44. Nevertheless, the company has seen a gain of 10.74% in its stock price over the last five trading days. InvestorPlace reported 2024-04-10 that Penny stocks could be your ticket to striking it rich. But don’t expect easy money!
AREC Trading at 2.84% from the 50-Day Moving Average
After a stumble in the market that brought AREC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.79% of loss for the given period.
Volatility was left at 6.27%, however, over the last 30 days, the volatility rate increased by 7.01%, as shares surge +5.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.67% upper at present.
During the last 5 trading sessions, AREC rose by +10.37%, which changed the moving average for the period of 200-days by -27.67% in comparison to the 20-day moving average, which settled at $1.3767. In addition, American Resources Corporation saw 0.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AREC starting from Taylor Kirk Patrick, who purchase 1,250 shares at the price of $1.74 back on Jun 15 ’23. After this action, Taylor Kirk Patrick now owns 1,624,883 shares of American Resources Corporation, valued at $2,175 using the latest closing price.
Taylor Kirk Patrick, the Chief Financial Officer of American Resources Corporation, purchase 1,250 shares at $1.57 during a trade that took place back on May 23 ’23, which means that Taylor Kirk Patrick is holding 1,623,633 shares at $1,961 based on the most recent closing price.
Stock Fundamentals for AREC
Current profitability levels for the company are sitting at:
- -1.19 for the present operating margin
- 0.07 for the gross margin
The net margin for American Resources Corporation stands at -0.71. The total capital return value is set at -0.27. Equity return is now at value -4505.09, with -15.52 for asset returns.
Based on American Resources Corporation (AREC), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at -0.29. The debt to equity ratio resting at 222.57. The interest coverage ratio of the stock is -14.88.
Currently, EBITDA for the company is -16.99 million with net debt to EBITDA at -3.11. When we switch over and look at the enterprise to sales, we see a ratio of 10.39. The receivables turnover for the company is 65.98for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In conclusion, American Resources Corporation (AREC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
