Ameresco Inc. (NYSE: AMRC) has seen a rise in its stock price by 22.45 in relation to its previous close of 22.24. However, the company has experienced a 32.91% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-07 that Ameresco, Inc. (NYSE:AMRC ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Leila Dillon – Senior Vice President, Marketing & Communications George Sakellaris – Chairman, President, and Chief Executive Officer Doran Hole – Executive Vice President and Chief Financial Officer Mark Chiplock – Senior Vice President and Chief Accounting Officer Conference Call Participants Noah Kaye – Oppenheimer & Co. Inc. Moses Sutton – BNP Eric Stine – Craig Hallum Joseph Osha – Guggenheim Leanne Hayden – Canaccord Genuity Pavel Molchanov – Raymond James Associates Ben Kallo – Baird Luke Tilkens – Piper Sandler Craig Shere – Tuohy Brothers Operator Good day, and thank you for standing by. Welcome to the First Quarter 2024 Ameresco Earnings Conference Call.
Is It Worth Investing in Ameresco Inc. (NYSE: AMRC) Right Now?
The price-to-earnings ratio for Ameresco Inc. (NYSE: AMRC) is 24.83x, which is above its average ratio. Moreover, the 36-month beta value for AMRC is 1.63. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMRC is 31.88M and currently, short sellers hold a 15.55% of that float. On May 08, 2024, AMRC’s average trading volume was 537.92K shares.
AMRC’s Market Performance
AMRC stock saw an increase of 32.91% in the past week, with a monthly gain of 12.91% and a quarterly increase of 24.13%. The volatility ratio for the week is 5.64%, and the volatility levels for the last 30 days are 5.82% for Ameresco Inc. (AMRC). The simple moving average for the last 20 days is 30.35% for AMRC stock, with a simple moving average of -11.32% for the last 200 days.
Analysts’ Opinion of AMRC
Many brokerage firms have already submitted their reports for AMRC stocks, with Exane BNP Paribas repeating the rating for AMRC by listing it as a “Outperform.” The predicted price for AMRC in the upcoming period, according to Exane BNP Paribas is $34 based on the research report published on March 12, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to AMRC, setting the target price at $37 in the report published on December 15th of the previous year.
AMRC Trading at 29.21% from the 50-Day Moving Average
After a stumble in the market that brought AMRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.90% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 5.64%, as shares surge +18.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.10% upper at present.
During the last 5 trading sessions, AMRC rose by +34.11%, which changed the moving average for the period of 200-days by -52.94% in comparison to the 20-day moving average, which settled at $21.11. In addition, Ameresco Inc. saw -14.01% 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 AMRC starting from Christakis Peter, who sale 108 shares at the price of $20.53 back on Mar 19 ’24. After this action, Christakis Peter now owns 11,370 shares of Ameresco Inc., valued at $2,217 using the latest closing price.
Hole Spencer Doran, the EVP and CFO of Ameresco Inc., sale 108 shares at $20.53 during a trade that took place back on Mar 19 ’24, which means that Hole Spencer Doran is holding 1,878 shares at $2,217 based on the most recent closing price.
Stock Fundamentals for AMRC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for Ameresco Inc. stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 6.73, with 1.72 for asset returns.
Based on Ameresco Inc. (AMRC), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 1.7.
Currently, EBITDA for the company is 150.81 million with net debt to EBITDA at 11.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 9.55for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of Ameresco Inc. (AMRC) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
