American Superconductor Corp (NASDAQ: AMSC) is -1.79% lower on its value in year-to-date trading and has touched a low of $13.98 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 $24.68 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $24.19, the stock is 10.35% and 21.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -1.99% at the moment leaves the stock 0.30% off its SMA200. AMSC registered 72.66% gain for a year compared to 6-month loss of -19.58%. The firm has a 50-day simple moving average (SMA 50) of $19.9834 and a 200-day simple moving average (SMA200) of $24.11765.
The stock witnessed a 31.32% gain in the last 1 month and extending the period to 3 months gives it a -16.09%, and is 1.90% 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 4.96% over the week and 4.93% over the month.
American Superconductor Corp (AMSC) has around 337 employees, a market worth around $954.53M and $198.19M in sales. Current P/E ratio is 318.29 and Fwd P/E is 28.97. Profit margin for the company is 1.64%. Distance from 52-week low is 73.03% and -36.38% from its 52-week high. The company has generated returns on investments over the last 12 months (1.66%).
The EPS is expected to shrink by -11.72% this year
259.0 institutions hold shares in American Superconductor Corp (AMSC), with institutional investors hold 74.59% of the company’s shares. The shares outstanding are 39.86M, and float is at 37.71M with Short Float at 8.39%. Institutions hold 71.28% 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 7.1309 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 6.2061 of the shares outstanding. The other top investors are AWM INVESTMENT COMPANY, INC. which holds 2.15 million shares representing 6.0373 and valued at over $50.38 million, while VANGUARD GROUP INC holds 5.8491 of the shares totaling 2.09 million with a market value of $48.81 million.
American Superconductor Corp (AMSC) Insider Activity
Still, SEC filings show that on Nov 04 ’24, Kosiba John W JR (SVP, CFO & Treasurer) disposed off 50,000 shares at an average price of $28.28 for $1.41 million. The insider now directly holds 356,136 shares of American Superconductor Corp (AMSC).
