The closing price of American Well Corporation (NYSE: AMWL) was $1.07 for the day, up 0.94% from the previous closing price of $1.06. In other words, the price has increased by $+0.0100 from its previous closing price. On the day, 986815 shares were traded.
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Ratios:
Our analysis of AMWL’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 23 when Shepardson Robert sold 319,214 shares for $1.09 per share. The transaction valued at 348,486 led to the insider holds 2,845,148 shares of the business.
Gotlib Phyllis sold 285,752 shares of AMWL for $311,955 on Feb 23. The President, International now owns 2,488,798 shares after completing the transaction at $1.09 per share. On Feb 23, another insider, Weiler Kathy Johnson, who serves as the Chief Comm. & Growth Officer of the company, sold 283,192 shares for $1.09 each. As a result, the insider received 309,161 and left with 3,975,617 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 727.29M and an Enterprise Value of -53.64M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at -0.21 whereas that against EBITDA is 0.24.
Stock Price History:
Over the past 52 weeks, AMWL has reached a high of $3.07, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 1.2174, while the 200-Day Moving Average is calculated to be 1.5477.
Shares Statistics:
AMWL traded an average of 1.82M shares per day over the past three months and 1.79M shares per day over the past ten days. A total of 255.54M shares are outstanding, with a floating share count of 219.75M. Insiders hold about 24.03% of the company’s shares, while institutions hold 47.79% stake in the company. Shares short for AMWL as of Jan 31, 2024 were 3.42M with a Short Ratio of 1.88, compared to 4.01M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.37%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. 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 -$0.19, 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 -$0.75. EPS for the following year is -$0.43, with 6 analysts recommending between -$0.29 and -$0.61.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $68.84M 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 -4.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $62.73M, an increase of 0.50% over than the figure of -$4.80% in the same quarter last year. There is a high estimate of $66.11M for the next quarter, whereas the lowest estimate is $60.18M.
A total of 11 analysts have provided revenue estimates for AMWL’s current fiscal year. The highest revenue estimate was $270.09M, while the lowest revenue estimate was $259.13M, resulting in an average revenue estimate of $263.27M. In the same quarter a year ago, actual revenue was $259.05M, up 1.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $319.37M in the next fiscal year. The high estimate is $342.52M and the low estimate is $285.29M. The average revenue growth estimate for next year is up 21.30% from the average revenue estimate for this year.
