American Resources Corporation (NASDAQ:AREC) price on Wednesday, April 30, fall -3.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.97.
A look at the stock’s price movement, the close in the last trading session was $1.01, moving within a range at $0.931 and $1.01. The beta value (5-Year monthly) was 0.973. Turning to its 52-week performance, $1.68 and $0.38 were the 52-week high and 52-week low respectively. Overall, AREC moved 107.71% over the past month.
American Resources Corporation’s market cap currently stands at around $75.13 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
The average forecast suggests up to a 1,857.83% 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 1.5M, representing a -91.04% decline 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 AREC is a 100% Buy. 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 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend AREC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AREC’s current price about 22.43% and 52.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.14, while 7-day volatility ratio is 14.12% and 24.16% in the 30-day chart. Further, American Resources Corporation (AREC) has a beta value of 1.00, and an average true range (ATR) of 0.17.
If we refocus on American Resources Corporation (NASDAQ:AREC), historical trading data shows that trading volumes averaged 17.68 over the past 10 days and 5.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 77.40 million shares.
The 33.53% of American Resources Corporation’s shares are in the hands of company insiders while institutional holders own 6.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.01 million on 2025-04-15, giving us a short ratio of 1.07. The data shows that as of 2025-04-15 short interest in American Resources Corporation (AREC) stood at 1361.0 of shares outstanding, with shares short rising to 3.89 million registered in 2025-03-14. Current price change has pushed the stock -3.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AREC stock continues to rise going into the next quarter.
