Ameresco Inc. (NYSE:AMRC) price on Wednesday, May 09, rose 21.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.94.
A look at the stock’s price movement, the close in the last trading session was $22.24. The PE ratio in trailing twelve months stood at 24.58. Turning to its 52-week performance, $63.19 and $17.55 were the 52-week high and 52-week low respectively. Overall, AMRC moved 11.69% over the past month.
Ameresco Inc.’s market cap currently stands at around $1.85 billion.
Analysts have a consensus estimate of 298.41M for the company’s revenue for the quarter, with a low and high estimate of 237.68M and 275M respectively. The average forecast suggests up to a 10.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.63B, representing a 18.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMRC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 0.90, with AMRC’s current price about 28.95% and 27.82% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.14, while 7-day volatility ratio is 8.72% and 6.59% in the 30-day chart. Further, Ameresco Inc. (AMRC) has a beta value of 1.63, and an average true range (ATR) of 1.71.
If we refocus on Ameresco Inc. (NYSE:AMRC), historical trading data shows that trading volumes averaged 537.92K over the past 3 months. The company’s latest data on shares outstanding shows there are 34.28 million shares.
The 53.56% of Ameresco Inc.’s shares are in the hands of company insiders while institutional holders own 46.43% of the company’s shares. Current price change has pushed the stock -14.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMRC stock continues to rise going into the next quarter.
