American Well Corporation (NYSE: AMWL) is -27.52% lower on its value in year-to-date trading and has touched a low of $0.93 and a high of $2.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMWL stock was last observed hovering at around $1.05 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.08, the stock is -2.75% and -10.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 2.86% at the moment leaves the stock -29.52% off its SMA200. AMWL registered -61.29% loss for a year compared to 6-month loss of -25.52%. The firm has a 50-day simple moving average (SMA 50) of -$0.18 and a 200-day simple moving average (SMA200) of $0.21.
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The stock witnessed a -1.82% gain in the last 1 month and extending the period to 3 months gives it a -15.62%, and is 0.00% 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 5.60% over the week and 7.17% over the month.
American Well Corporation (AMWL) has around 1104 employees, a market worth around $312.39M and $259.05M in sales. Profit margin for the company is -260.63%. Distance from 52-week low is 16.74% and -62.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-142.91%).
American Well Corporation quarterly earnings per share for the current quarter are estimated at -$0.19 with sales reaching $60.81M over the same period.The EPS is expected to grow by 67.44% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -6.00% in year-over-year returns.
190 institutions hold shares in American Well Corporation (AMWL), with institutional investors hold 62.35% of the company’s shares. The shares outstanding are 255.54M, and float is at 221.19M with Short Float at 1.64%. Institutions hold 58.30% of the Float.
The top institutional shareholder in the company is Senvest Management LLC with over 22.21 million shares valued at $46.64 million. The investor’s holdings represent 8.82% of the AMWL Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 21.96 million shares valued at $46.12 million to account for 8.72% of the shares outstanding. The other top investors are Blackrock Inc. which holds 21.27 million shares representing 8.45% and valued at over $44.66 million, while Caledonia (Private) Investments Pty Ltd holds 6.89% of the shares totaling 17.36 million with a market value of $36.45 million.
American Well Corporation (AMWL) Insider Activity
A total of 16 insider transactions have happened at American Well Corporation (AMWL) in the last six months, with sales accounting for 16 and purchases happening 0 times. The most recent transaction is an insider sale by Shepardson Robert, the company’s Chief Financial Officer. SEC filings show that Shepardson Robert sold 319,214 shares of the company’s common stock on Feb 23 at a price of $1.09 per share for a total of $0.35 million. Following the sale, the insider now owns 2.85 million shares.
American Well Corporation disclosed in a document filed with the SEC on Feb 23 that Gotlib Phyllis (President, International) sold a total of 285,752 shares of the company’s common stock. The trade occurred on Feb 23 and was made at $1.09 per share for $0.31 million. Following the transaction, the insider now directly holds 2.49 million shares of the AMWL stock.
Still, SEC filings show that on Feb 23, Weiler Kathy Johnson (Chief Comm. & Growth Officer) disposed off 283,192 shares at an average price of $1.09 for $0.31 million. The insider now directly holds 3,975,617 shares of American Well Corporation (AMWL).
American Well Corporation (AMWL): Who are the competitors?
One of the company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 64.72% up over the past 12 months.Amazon.com Inc. (AMZN) lies in the list of competitors of the American Well Corporation and is 91.86% higher over the same period from AMWLCigna Group (CI) is 16.88% up on the 1-year trading charts.
