American Superconductor Corp (NASDAQ: AMSC) is -3.61% lower on its value in year-to-date trading and has touched a low of $11.36 and a high of $38.02 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 AMSC stock was last observed hovering at around $22.38 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $23.74, the stock is -16.69% and -13.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 6.08% at the moment leaves the stock -4.44% off its SMA200. AMSC registered 84.89% gain for a year compared to 6-month gain of 11.56%.
The stock witnessed a -8.80% loss in the last 1 month and extending the period to 3 months gives it a -30.09%, and is -24.52% 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 10.05% over the week and 8.62% over the month.
American Superconductor Corp (AMSC) has around 337 employees, a market worth around $936.78M and $198.19M in sales. Current P/E ratio is 312.37 and Fwd P/E is 41.89. Profit margin for the company is 1.64%. Distance from 52-week low is 108.98% and -37.56% from its 52-week high. The company has generated returns on investments over the last 12 months (1.66%).
The EPS is expected to grow by 2933.33% this year
The shares outstanding are 39.86M, and float is at 37.72M with Short Float at 9.28%.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.54 million shares valued at $$59.5 million. The investor’s holdings represent 8.5298 of the AMSC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.09 million shares valued at $$48.81 million to account for 6.9965 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 2.21 million shares representing 6.2061 and valued at over $$51.79 million, while AWM INVESTMENT COMPANY, INC. holds 6.0373 of the shares totaling 2.15 million with a market value of $$50.38 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).
