In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, American Well Corporation (NYSE: AMWL) closed at $0.57 down -0.30% from its previous closing price of $0.57. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1.77 million shares were traded. AMWL stock price reached its highest trading level at $0.59 during the session, while it also had its lowest trading level at $0.5599.
Ratios:
For a deeper understanding of American Well Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.74 and its Current Ratio is at 3.80. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 01 ’24 when Knight Kurt sold 6,085 shares for $0.52 per share. The transaction valued at 3,171 led to the insider holds 3,075,329 shares of the business.
Gotlib Phyllis sold 4,469 shares of AMWL for $2,329 on May 01 ’24. The President, International now owns 2,455,110 shares after completing the transaction at $0.52 per share. On May 01 ’24, another insider, McNeice Paul Francis, who serves as the Chief Accounting Officer of the company, sold 175 shares for $0.52 each. As a result, the insider received 91 and left with 198,451 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 168984016 and an Enterprise Value of -114602008. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at -0.45 whereas that against EBITDA is 0.492.
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 $0.45. The 50-Day Moving Average of the stock is -27.42%, while the 200-Day Moving Average is calculated to be -52.41%.
Shares Statistics:
For the past three months, AMWL has traded an average of 2.35M shares per day and 2432570 over the past ten days. 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 46.48% stake in the company. Shares short for AMWL as of 1713139200 were 9297149 with a Short Ratio of 3.96, compared to 1710460800 on 4338060. Therefore, it implies a Short% of Shares Outstanding of 9297149 and a Short% of Float of 3.63.
