As of close of business last night, American Well Corporation’s stock clocked out at $0.87, down -2.52% from its previous closing price of $0.89. In other words, the price has decreased by -$0.0224 from its previous closing price. On the day, 1998453 shares were traded.
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Ratios:
To gain a deeper understanding of AMWL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.70 and its Current Ratio is at 4.77. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on August 03, 2023, Downgraded its rating to Equal-Weight and sets its target price to $2.50 from $5 previously.
On March 23, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $5 to $2.50.
Piper Sandler Downgraded its Overweight to Neutral on February 27, 2023, whereas the target price for the stock was revised from $5 to $3.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when McNeice Paul Francis sold 5,418 shares for $1.03 per share. The transaction valued at 5,572 led to the insider holds 197,865 shares of the business.
Shepardson Robert sold 68,303 shares of AMWL for $73,180 on Mar 01 ’24. The Chief Financial Officer now owns 2,776,845 shares after completing the transaction at $1.07 per share. On Mar 01 ’24, another insider, Knight Kurt, who serves as the Chief Operating Officer of the company, sold 38,747 shares for $1.07 each. As a result, the insider received 41,514 and left with 3,075,257 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMWL now has a Market Capitalization of 257.52M and an Enterprise Value of -102.73M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at -0.40 whereas that against EBITDA is 0.46.
Stock Price History:
Over the past 52 weeks, AMWL has reached a high of $2.73, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 1.0894, while the 200-Day Moving Average is calculated to be 1.4542.
Shares Statistics:
It appears that AMWL traded 1.62M shares on average per day over the past three months and 1.87M shares per day over the past ten days. A total of 255.54M shares are outstanding, with a floating share count of 221.88M. Insiders hold about 23.29% of the company’s shares, while institutions hold 47.72% stake in the company. Shares short for AMWL as of Feb 29, 2024 were 4.37M with a Short Ratio of 2.71, compared to 3.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.51% and a Short% of Float of 1.73%.
Earnings Estimates
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.23, while EPS last year was -$1.42. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.14 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$0.52 and -$0.87 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.43, with 9 analysts recommending between -$0.2 and -$0.61.
Revenue Estimates
In the current quarter, 11 analysts expect revenue to total $60.52M. It ranges from a high estimate of $64.21M to a low estimate of $55.17M. As of the current estimate, American Well Corporation’s year-ago sales were $64.7M, an estimated decrease of -6.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $62.25M, a decrease of -0.30% over than the figure of -$6.50% in the same quarter last year. There is a high estimate of $64M for the next quarter, whereas the lowest estimate is $60.18M.
A total of 12 analysts have provided revenue estimates for AMWL’s current fiscal year. The highest revenue estimate was $265.63M, while the lowest revenue estimate was $258.7M, resulting in an average revenue estimate of $261.93M. In the same quarter a year ago, actual revenue was $259.05M, up 1.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $322.49M in the next fiscal year. The high estimate is $342.52M and the low estimate is $291M. The average revenue growth estimate for next year is up 23.10% from the average revenue estimate for this year.
