The price of American Well Corporation (NYSE: AMWL) closed at $0.58 in the last session, down -8.94% from day before closing price of $0.63. On the day, 2816873 shares were traded.
Ratios:
We take a closer look at AMWL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 01 ’24 when Shepardson Robert sold 7,569 shares for $0.77 per share. The transaction valued at 5,844 led to the insider holds 2,784,414 shares of the business.
Gotlib Phyllis sold 6,891 shares of AMWL for $5,321 on Apr 01 ’24. The President, International now owns 2,459,579 shares after completing the transaction at $0.77 per share. On Apr 01 ’24, another insider, Knight Kurt, who serves as the Chief Operating Officer of the company, sold 6,157 shares for $0.77 each. As a result, the insider received 4,754 and left with 3,081,414 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.36.
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 $0.62.
Shares Statistics:
A total of 255.54M shares are outstanding, with a floating share count of 222.39M. Insiders hold about 23.12% of the company’s shares, while institutions hold 47.74% stake in the company.
Earnings Estimates
The company has American Well Corporation analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $10.16, with high estimates of $21.98 and low estimates of $96.02.
Analysts are recommending an EPS of between $Financial Services and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Technology.
