The stock of American Well Corporation (AMWL) has gone up by 17.70% for the week, with a -1.06% drop in the past month and a 12.85% rise in the past quarter. The volatility ratio for the week is 6.35%, and the volatility levels for the past 30 days are 4.96% for AMWL. The simple moving average for the past 20 days is 6.50% for AMWL’s stock, with a -15.96% simple moving average for the past 200 days.
Is It Worth Investing in American Well Corporation (NYSE: AMWL) Right Now?
AMWL has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for AMWL is 11.67M, and currently, short sellers hold a 3.27% ratio of that float. The average trading volume of AMWL on November 26, 2024 was 51.51K shares.
AMWL) stock’s latest price update
American Well Corporation (NYSE: AMWL)’s stock price has soared by 14.94 in relation to previous closing price of 8.10. Nevertheless, the company has seen a gain of 17.70% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that American Well Corporation (NYSE:AMWL ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Sue Dooley – Head of Investor Relations Ido Schoenberg – Chairman and Chief Executive Officer Mark Hirschhorn – Chief Financial Officer Conference Call Participants Craig Hettenbach – Morgan Stanley Ryan MacDonald – Needham & Company Stan Berenshteyn – Wells Fargo Jailendra Singh – Truist Securities Charles Rhyee – TD Cowen Dave Larsen – BTIG Operator Ladies and gentlemen, good afternoon. My name is Abby and I will be your conference operator today.
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 -1.25% 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 -70.54% of loss for the given period.
Volatility was left at 4.96%, however, over the last 30 days, the volatility rate increased by 6.35%, as shares sank -6.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.10% lower at present.
During the last 5 trading sessions, AMWL rose by +17.70%, which changed the moving average for the period of 200-days by -57.68% in comparison to the 20-day moving average, which settled at $8.74. In addition, American Well Corporation saw -68.76% 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 HIRSCHHORN MARK, who sale 46,345 shares at the price of $8.97 back on Nov 05 ’24. After this action, HIRSCHHORN MARK now owns 214,382 shares of American Well Corporation, valued at $415,511 using the latest closing price.
Mark Hirschhorn, the Officer of American Well Corporation, proposed sale 46,345 shares at $8.97 during a trade that took place back on Nov 05 ’24, which means that Mark Hirschhorn is holding shares at $415,511 based on the most recent closing price.
Stock Fundamentals for AMWL
Current profitability levels for the company are sitting at:
- -0.87 for the present operating margin
- 0.28 for the gross margin
The net margin for American Well Corporation stands at -0.84. The total capital return value is set at -0.62. Equity return is now at value -51.04, with -38.30 for asset returns.
Based on American Well Corporation (AMWL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -42.5. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.18.
Currently, EBITDA for the company is -225.99 million with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of -0.37. The receivables turnover for the company is 2.85for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
To put it simply, American Well Corporation (AMWL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
