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After finishing at $0.54 in the prior trading day, American Well Corporation (NYSE: AMWL) closed at $0.53, down -2.13%. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 1.23 million shares were traded. AMWL stock price reached its highest trading level at $0.5489 during the session, while it also had its lowest trading level at $0.5229.
Ratios:
Our goal is to gain a better understanding of AMWL by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 152725584 and an Enterprise Value of -191559632. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at -0.739 whereas that against EBITDA is 0.848.
Stock Price History:
The Beta on a monthly basis for AMWL is 1.10, which has changed by -0.7577982 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, AMWL has reached a high of $2.73, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -38.72%, while the 200-Day Moving Average is calculated to be -57.56%.
Shares Statistics:
The stock has traded on average 2.17M shares per day over the past 3-months and 2884600 shares per day over the last 10 days, according to various share statistics. A total of 255.54M shares are outstanding, with a floating share count of 228.34M. Insiders hold about 22.89% of the company’s shares, while institutions hold 46.62% stake in the company. Shares short for AMWL as of 1713139200 were 9297149 with a Short Ratio of 4.28, compared to 1710460800 on 4338060. Therefore, it implies a Short% of Shares Outstanding of 9297149 and a Short% of Float of 3.6900000000000004.
Earnings Estimates
Its stock is currently analyzed by 9.0 different market 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 -$0.46, with 8.0 analysts recommending between -$0.29 and -$0.61.
Revenue Estimates
11 analysts predict $60.52M in revenue for the current quarter. 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 $64.7MFor the next quarter, 11 analysts are estimating revenue of $62.25M. 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 $259.05MBased 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.
