American Superconductor Corp. (NASDAQ: AMSC)’s stock price has gone rise by 5.50 in comparison to its previous close of 28.53, however, the company has experienced a -7.16% decrease in its stock price over the last five trading days. zacks.com reported 2024-07-19 that Does American Superconductor (AMSC) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in American Superconductor Corp. (NASDAQ: AMSC) Right Now?
The 36-month beta value for AMSC is also noteworthy at 2.18. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AMSC is 35.48M, and at present, short sellers hold a 6.35% of that float. The average trading volume of AMSC on July 23, 2024 was 1.06M shares.
AMSC’s Market Performance
AMSC stock saw an increase of -7.16% in the past week, with a monthly gain of 23.21% and a quarterly increase of 156.39%. The volatility ratio for the week is 9.91%, and the volatility levels for the last 30 days are 7.87% for American Superconductor Corp. (AMSC). The simple moving average for the past 20 days is 13.07% for AMSC’s stock, with a 120.54% simple moving average for the past 200 days.
Analysts’ Opinion of AMSC
Many brokerage firms have already submitted their reports for AMSC stocks, with ROTH Capital repeating the rating for AMSC by listing it as a “Buy.” The predicted price for AMSC in the upcoming period, according to ROTH Capital is $10 based on the research report published on June 03, 2022 of the previous year 2022.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see AMSC reach a price target of $16. The rating they have provided for AMSC stocks is “Hold” according to the report published on November 06th, 2020.
Canaccord Genuity gave a rating of “Buy” to AMSC, setting the target price at $13 in the report published on January 24th of the previous year.
AMSC Trading at 36.64% from the 50-Day Moving Average
After a stumble in the market that brought AMSC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.95% of loss for the given period.
Volatility was left at 7.87%, however, over the last 30 days, the volatility rate increased by 9.91%, as shares surge +31.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +121.00% upper at present.
During the last 5 trading sessions, AMSC fell by -5.86%, which changed the moving average for the period of 200-days by +342.32% in comparison to the 20-day moving average, which settled at $26.99. In addition, American Superconductor Corp. saw 170.20% 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 AMSC starting from McGahn Daniel P, who sale 37,165 shares at the price of $21.69 back on Jun 11 ’24. After this action, McGahn Daniel P now owns 1,019,956 shares of American Superconductor Corp., valued at $806,046 using the latest closing price.
Kosiba John W JR, the SVP, CFO & Treasurer of American Superconductor Corp., sale 32,000 shares at $21.68 during a trade that took place back on Jun 11 ’24, which means that Kosiba John W JR is holding 316,136 shares at $693,750 based on the most recent closing price.
Stock Fundamentals for AMSC
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.24 for the gross margin
The net margin for American Superconductor Corp. stands at -0.08. The total capital return value is set at -0.06. Equity return is now at value -9.82, with -5.44 for asset returns.
Based on American Superconductor Corp. (AMSC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79.
Currently, EBITDA for the company is -1.97 million with net debt to EBITDA at 51.81. When we switch over and look at the enterprise to sales, we see a ratio of 7.15. The receivables turnover for the company is 4.92for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
In summary, American Superconductor Corp. (AMSC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
