American Well Corporation (AMWL) makes -6.12% fall – What does that mean for its investors?

American Well Corporation (NYSE: AMWL) is 16.95% higher on its value in year-to-date trading and has touched a low of $21.34 and a high of $41.80 in the current 52-week trading range. The AMWL stock was last observed hovering at around $27.00 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $36.00 for the next 12 months. It is also 38.68% off the consensus price target high of $44.00 offered by 9 analysts, but current levels are 6.97% higher than the price target low of $29.00 for the same period.

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Currently trading at $26.98, the stock is -5.84% and -3.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing -0.07% at the moment leaves the stock -5.90% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $26.98 and a 200-day simple moving average (SMA200) of $28.65.

The stock witnessed a 1.66% In the last 1 monthand extending the period to 3 months gives it a -8.97%, and is -6.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.83% over the week and 7.24% over the month.

American Well Corporation (AMWL) has around 686 employees, a market worth around $6.38B and $229.90M in sales. Profit margin for the company is -85.50%. Distance from 52-week low is 26.43% and -35.45% from its 52-week high. The company has generated returns on investments over the last 12 months (30.60%).

American Well Corporation (AMWL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for American Well Corporation (AMWL) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

American Well Corporation is expected to release its quarterly report on 03/03/2021 and quarterly earnings per share for the current quarter are estimated at -$0.23 with sales reaching $53.74M over the same period.The EPS is expected to shrink by -65.50% this year.

American Well Corporation (AMWL) Top Institutional Holders

175 institutions hold shares in American Well Corporation (AMWL), with 41.39M shares held by insiders accounting for 17.62% while institutional investors hold 29.77% of the company’s shares. The shares outstanding are 234.24M, and float is at 129.61M with Short Float at 14.41%. Institutions hold 24.53% of the Float.

The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 5.4 million shares valued at $160.18 million. The investor’s holdings represent 2.70% of the AMWL Shares outstanding. As of Sep 29, 2020, the second largest holder is Bridger Management LLC with 4.63 million shares valued at $137.31 million to account for 2.32% of the shares outstanding. The other top investors are BAMCO Inc. which holds 3.11 million shares representing 1.56% and valued at over $92.31 million, while Vanguard Group, Inc. (The) holds 1.28% of the shares totaling 2.56 million with a market value of $75.76 million.

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