Market Insight: American Resources Corporation (AREC)’s Notable Gain, Closing at 0.72

For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.

In the latest session, American Resources Corporation (NASDAQ: AREC) closed at $0.72 up 3.57% from its previous closing price of $0.70. In other words, the price has increased by $3.57 from its previous closing price. On the day, 0.63 million shares were traded. AREC stock price reached its highest trading level at $0.7299 during the session, while it also had its lowest trading level at $0.6201.

Ratios:

For a deeper understanding of American Resources Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.15 and its Current Ratio is at 0.23.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AREC now has a Market Capitalization of 55751076 and an Enterprise Value of 294099232. For the stock, the TTM Price-to-Sale (P/S) ratio is 139.38. Its current Enterprise Value per Revenue stands at 49.238 whereas that against EBITDA is -15.113.

Stock Price History:

The Beta on a monthly basis for AREC is 0.23, which has changed by -0.4851852 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, AREC has reached a high of $1.78, while it has fallen to a 52-week low of $0.41. The 50-Day Moving Average of the stock is -27.57%, while the 200-Day Moving Average is calculated to be -22.51%.

Shares Statistics:

For the past three months, AREC has traded an average of 370.20K shares per day and 188270 over the past ten days. A total of 77.40M shares are outstanding, with a floating share count of 51.46M. Insiders hold about 33.53% of the company’s shares, while institutions hold 7.47% stake in the company. Shares short for AREC as of 1730332800 were 2697584 with a Short Ratio of 7.21, compared to 1727654400 on 2561711. Therefore, it implies a Short% of Shares Outstanding of 2697584 and a Short% of Float of 5.239999699999999.

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