Ameresco Inc. (NYSE: AMRC) is -36.28% lower on its value in year-to-date trading and has touched a low of $17.55 and a high of $63.19 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 AMRC stock was last observed hovering at around $20.61 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $20.18, the stock is -3.33% and -11.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -2.09% at the moment leaves the stock -43.98% off its SMA200. AMRC registered -54.69% loss for a year compared to 6-month loss of -54.28%. The firm has a 50-day simple moving average (SMA 50) of $1.84 and a 200-day simple moving average (SMA200) of $17.46.
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The stock witnessed a -7.94% gain in the last 1 month and extending the period to 3 months gives it a -31.08%, and is -0.64% 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 5.83% over the week and 7.33% over the month.
Ameresco Inc. (AMRC) has around 1503 employees, a market worth around $1.06B and $1.37B in sales. Current P/E ratio is 17.20 and Fwd P/E is 10.02. Profit margin for the company is 4.54%. Distance from 52-week low is 14.99% and -68.06% from its 52-week high. The company has generated returns on investments over the last 12 months (2.95%).
Ameresco Inc. quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $254.99M over the same period.The EPS is expected to grow by 9.96% this year, but quarterly earnings will post 18.40% year-over-year. Quarterly sales are estimated to shrink -5.90% in year-over-year returns.
279 institutions hold shares in Ameresco Inc. (AMRC), with institutional investors hold 106.46% of the company’s shares. The shares outstanding are 34.28M, and float is at 31.85M with Short Float at 12.61%. Institutions hold 99.07% of the Float.
The top institutional shareholder in the company is Grantham, Mayo, Van Otterloo & Co. LLC with over 3.83 million shares valued at $186.2 million. The investor’s holdings represent 11.20% of the AMRC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.1 million shares valued at $150.74 million to account for 9.06% of the shares outstanding. The other top investors are Handelsbanken Fonder AB which holds 2.78 million shares representing 8.13% and valued at over $107.18 million, while Blackrock Inc. holds 6.61% of the shares totaling 2.26 million with a market value of $110.01 million.
Ameresco Inc. (AMRC) Insider Activity
The most recent transaction is an insider purchase by Sakellaris George P, the company’s President and CEO. SEC filings show that Sakellaris George P bought 5,000 shares of the company’s common stock on Nov 20 ’23 at a price of $29.19 per share for a total of $0.15 million. Following the purchase, the insider now owns 1.1 million shares.
Ameresco Inc. disclosed in a document filed with the SEC on Nov 17 ’23 that Sakellaris George P (President and CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $28.34 per share for $0.14 million. Following the transaction, the insider now directly holds 1.09 million shares of the AMRC stock.
Still, SEC filings show that on Nov 16 ’23, Sakellaris George P (President and CEO) acquired 5,000 shares at an average price of $26.53 for $0.13 million. The insider now directly holds 1,090,000 shares of Ameresco Inc. (AMRC).
