American Superconductor Corp (NASDAQ: AMSC) is 174.42% higher on its value in year-to-date trading and has touched a low of $8.56 and a high of $38.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMSC stock was last observed hovering at around $30.08 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $30.57, the stock is 8.24% and 22.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 1.63% at the moment leaves the stock 55.34% off its SMA200. AMSC registered 236.30% gain for a year compared to 6-month gain of 113.18%. The firm has a 50-day simple moving average (SMA 50) of $24.8352 and a 200-day simple moving average (SMA200) of $19.5823.
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The stock witnessed a 22.67% loss in the last 1 month and extending the period to 3 months gives it a 49.78%, and is -16.95% 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 11.08% over the week and 9.83% over the month.
American Superconductor Corp (AMSC) has around 337 employees, a market worth around $1.14B and $176.14M in sales. Fwd P/E is 58.04. Profit margin for the company is -0.49%. Distance from 52-week low is 257.33% and -19.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.46%).
with sales reaching $56.67M over the same period.The EPS is expected to grow by 2400.00% this year, but quarterly earnings will post 44.63% year-over-year. Quarterly sales are estimated to grow 44.00% in year-over-year returns.
American Superconductor Corp (AMSC) Top Institutional Holders
233.0 institutions hold shares in American Superconductor Corp (AMSC), with institutional investors hold 73.63% of the company’s shares. The shares outstanding are 39.45M, and float is at 37.66M with Short Float at 7.28%. Institutions hold 70.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.54 million shares valued at $59.5 million. The investor’s holdings represent 8.5298% of the AMSC Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 2.21 million shares valued at $51.79 million to account for 7.4236 of the shares outstanding. The other top investors are AWM INVESTMENT COMPANY, INC. which holds 2.15 million shares representing 7.2216% and valued at over $50.38 million, while VANGUARD GROUP INC holds 6.9965 of the shares totaling 2.09 million with a market value of $48.81 million.
American Superconductor Corp (AMSC) Insider Activity
The most recent transaction is an insider sale by Kosiba John W JR, the company’s SVP, CFO & Treasurer. SEC filings show that Kosiba John W JR sold 50,000 shares of the company’s common stock on Nov 04 ’24 at a price of $28.28 per share for a total of $1.41 million. Following the sale, the insider now owns 0.36 million shares.
Still, SEC filings show that on Jun 11 ’24, McGahn Daniel P (Chairman, President and CEO) disposed off 37,165 shares at an average price of $21.69 for $0.81 million. The insider now directly holds 1,019,956 shares of American Superconductor Corp (AMSC).
