American Well Corporation (NYSE:AMWL) shares, rose in value, with the stock price up by 5.41% to the previous day’s close as strong demand from buyers drove the stock to $0.80.
Actively observing the price movement in the last trading, the stock closed the session at $0.76. The value of beta (5-year monthly) was 1.04. Referring to stock’s 52-week performance, its high was $2.73, and the low was $0.73. On the whole, AMWL has fluctuated by -22.22% over the past month.
With the market capitalization of American Well Corporation currently standing at about $231.72 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.19, which is expected to increase to -$0.14 for fiscal year -$0.74 and then to about -$0.43 by fiscal year 2025. Data indicates that the EPS growth is expected to be 68.90% in 2025, while the next year’s EPS growth is forecast to be 41.90%.
Analysts have estimated the company’s revenue for the quarter at $60.52 million, with a low estimate of $55.17 million and a high estimate of $64.21 million. According to the average forecast, sales growth in current quarter could jump down -6.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $261.93 million, representing an increase of 1.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMWL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AMWL currently trading nearly -9.81% and -21.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.17, while the 7-day volatility ratio is showing 10.50% which for the 30-day chart, stands at 7.95%. Furthermore, American Well Corporation (AMWL)’s beta value is 0.99, and its average true range (ATR) is 0.07.
A comparison of American Well Corporation (AMWL) with its peers suggests the former has fared considerably weaker in the market. AMWL showed an intraday change of 5.41% in last session, and over the past year, it shrunk by -65.32%%.
Data on historical trading for American Well Corporation (NYSE:AMWL) indicates that the trading volumes over the past 10 days have averaged 2.8 million and over the past 3 months, they’ve averaged 1.62 million. According to company’s latest data on outstanding shares, there are 255.54 million shares outstanding.
Nearly 23.11% of American Well Corporation’s shares belong to company insiders and institutional investors own 47.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.34 million shares as on Mar 15, 2024, resulting in a short ratio of 2.49. According to the data, the short interest in American Well Corporation (AMWL) stood at 1.50% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.63 million. The stock has fallen by -46.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMWL stock heading into the next quarter.
