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American Superconductor Corp. (NASDAQ: AMSC) Continues To Point Downwards

American Superconductor Corp. (NASDAQ:AMSC) price is hovering higher on Monday, February 12, jumping 6.54% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $11.31. The company’s 5Y monthly beta was ticking 1.91. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.37 and 52-week low of $3.63. The stock added 19.78% on its value in the past month.

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American Superconductor Corp., which has a market valuation of $435.49 million, is expected to release its quarterly earnings report Jan 30, 2024 – Feb 05, 2024. Analysts tracking AMSC have forecast the quarterly EPS to shrink by -0.02 per share this quarter, while the same analysts predict the annual EPS to hit -$0.06 for the year 2024 and up to $0.04 for 2025. In this case, analysts estimate an annual EPS growth of 94.20% for the year and 166.70% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $37.13 million, with the likely lows of $36.6 million and highs of $37.9 million. The average estimate suggests sales growth for the quarter will likely rise by 17.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $140.73 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 32.80% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMSC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that AMSC’s price is at present 9.06% off the SMA20 and 11.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.14, with weekly volatility standing at 5.18%. The indicator jumps to 7.02% when calculated based on the past 30 days. American Superconductor Corp. (NASDAQ:AMSC)’s beta value is holding at 1.90, while the average true range (ATR) indicator is currently reading 0.83.

Turning out attention to how the American Superconductor Corp. stock has performed in comparison to its peers in the industry, here’s what we find: AMSC’s stock is 6.54% on the day and 107.40% in the past 12 months. Turning out attention to how the American Superconductor Corp. stock has performed in comparison to its peers in the industry, here’s what we find: AMSC’s stock is 6.54% on the day and 107.40% in the past 12 months.

An analysis of the American Superconductor Corp. (NASDAQ:AMSC) stock in terms of its daily trading volume indicates that the 3-month average is 6.38. However, this figure increases on the past 10-day timeline to an average of 1.71 million.

Current records show that the company has 36.14M in outstanding shares. The insiders’ percentage holdings are 5.33% of outstanding shares while the percentage share held by institutions stands at 39.57%. The stats also highlight that short interest as of Jan 31, 2024, stood at 2.08 million shares, which puts the short ratio at the time at 1.32. From this we can glean that short interest is 6.78% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 1.44 million. But the 8.17% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.