American Resources Corporation (NASDAQ: AREC) is -38.28% lower on its value in year-to-date trading and has touched a low of $0.41 and a high of $1.63 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 AREC stock was last observed hovering at around $0.50 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $0.62, the stock is 16.31% and 1.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 24.68% at the moment leaves the stock -20.80% off its SMA200. AREC registered -60.29% loss for a year compared to 6-month loss of 2.20%. The firm has a 50-day simple moving average (SMA 50) of $0.61484 and a 200-day simple moving average (SMA200) of $0.78715.
The stock witnessed a 16.20% gain in the last 1 month and extending the period to 3 months gives it a -39.48%, and is 28.75% 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 17.15% over the week and 16.75% over the month.
American Resources Corporation (AREC) has around 23 employees, a market worth around $48.26M and $0.40M in sales. Fwd P/E is 17.81. Profit margin for the company is -8222.23%. Distance from 52-week low is 52.05% and -61.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.63%).
with sales reaching $1.3M over the same period.The EPS is expected to shrink by -173.33% this year, but quarterly earnings will post -91.04% year-over-year. Quarterly sales are estimated to grow 1,857.83% in year-over-year returns.
American Resources Corporation (AREC) Top Institutional Holders
30.0 institutions hold shares in American Resources Corporation (AREC), with institutional investors hold 11.94% of the company’s shares. The shares outstanding are 77.40M, and float is at 51.46M with Short Float at 6.89%. Institutions hold 7.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.96 million shares valued at $2.17 million. The investor’s holdings represent 3.8517% of the AREC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.87 million shares valued at $$0.63 million to account for 1.1263 of the shares outstanding. The other top investors are JANNEY MONTGOMERY SCOTT LLC which holds 0.71 million shares representing 0.9289% and valued at over $0.52 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.8044 of the shares totaling 0.62 million with a market value of $0.46 million.
American Resources Corporation (AREC) Insider Activity
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