American Well Corporation (NYSE: AMWL) is 4.07% 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 $27.14 in the last trading session, with the day’s loss setting it -0.78% off its average median price target of $36.00 for the next 12 months. It is also 40.09% off the consensus price target high of $44.00 offered by 10 analysts, but current levels are 9.1% higher than the price target low of $29.00 for the same period.
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Currently trading at $26.36, the stock is -6.08% and -2.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing -2.87% at the moment leaves the stock -7.35% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $27.49 and a 200-day simple moving average (SMA200) of $28.45.
The stock witnessed a -11.54% In the last 1 month and extending the period to 3 months gives it a -19.26%, and is 3.17% up 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 3.91% over the week and 6.61% over the month.
American Well Corporation (AMWL) has around 686 employees, a market worth around $6.12B and $229.90M in sales. Profit margin for the company is -85.50%. Distance from 52-week low is 23.52% and -36.94% 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”. 10 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 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 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $53.77M over the same period.The EPS is expected to shrink by -65.50% this year.
American Well Corporation (AMWL) Top Institutional Holders
177 institutions hold shares in American Well Corporation (AMWL), with 41.39M shares held by insiders accounting for 17.62% while institutional investors hold 29.75% 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 24.51% 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.
American Well Corporation (AMWL) Insider Activity
A total of 37 insider transactions have happened at American Well Corporation (AMWL) in the last six months, with sales accounting for 18 and purchases happening 19 times.