Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
American Resources Corporation (NASDAQ: AREC) closed the day trading at $1.24 down -4.62% from the previous closing price of $1.30. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 0.74 million shares were traded. AREC stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.23.
Ratios:
For a better understanding of AREC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 262.86 whereas as Long-Term Debt/Eq ratio is at 237.09.
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 Jun 15 ’23 when Taylor Kirk Patrick bought 1,250 shares for $1.74 per share. The transaction valued at 2,175 led to the insider holds 1,624,883 shares of the business.
Taylor Kirk Patrick bought 1,250 shares of AREC for $1,961 on May 23 ’23. The Chief Financial Officer now owns 1,623,633 shares after completing the transaction at $1.57 per share. On May 10 ’23, another insider, Jensen Mark C., who serves as the Chief Executive Officer of the company, bought 5,000 shares for $1.55 each. As a result, the insider paid 7,746 and bolstered with 5,199,896 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, AREC now has a Market Capitalization of 98183200 and an Enterprise Value of 153348608. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.87 while its Price-to-Book (P/B) ratio in mrq is 421.77. Its current Enterprise Value per Revenue stands at 9.158 whereas that against EBITDA is -8.705.
Stock Price History:
Over the past 52 weeks, AREC has reached a high of $2.16, while it has fallen to a 52-week low of $1.20. The 50-Day Moving Average of the stock is -15.32%, while the 200-Day Moving Average is calculated to be -16.85%.
Shares Statistics:
Over the past 3-months, AREC traded about 221.44K shares per day on average, while over the past 10 days, AREC traded about 319030 shares per day. A total of 76.25M shares are outstanding, with a floating share count of 52.95M. Insiders hold about 33.12% of the company’s shares, while institutions hold 9.08% stake in the company. Shares short for AREC as of 1713139200 were 2678680 with a Short Ratio of 12.10, compared to 1710460800 on 2577813. Therefore, it implies a Short% of Shares Outstanding of 2678680 and a Short% of Float of 5.0300002.
