As of close of business last night, American Well Corporation’s stock clocked out at $0.81, down -6.01% from its previous closing price of $0.86. In other words, the price has decreased by -$0.0518 from its previous closing price. On the day, 2529814 shares were traded.
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 234.50M and an Enterprise Value of -125.75M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at -0.49 whereas that against EBITDA is 0.56.
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 $0.82. The 50-Day Moving Average of the stock is 1.0407, while the 200-Day Moving Average is calculated to be 1.3895.
Shares Statistics:
It appears that AMWL traded 1.41M shares on average per day over the past three months and 1.99M 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 47.73% stake in the company. Shares short for AMWL as of Mar 15, 2024 were 4.34M with a Short Ratio of 3.08, compared to 3.63M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.50% and a Short% of Float of 1.72%.
