American Superconductor Corp. (AMSC) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 1.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.14 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $22.74 whereas the lowest price it dropped to was $21.27. The 52-week range on AMSC shows that it touched its highest point at $32.70 and its lowest point at $5.78 during that stretch. It currently has a 1-year price target of $30.33. Beta for the stock currently stands at 2.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMSC was up-trending over the past week, with a rise of 16.40%, but this was up by 4.48% over a month. Three-month performance dropped to -18.60% while six-month performance rose 58.11%. The stock gained 183.60% in the past year, while it has gained 92.46% so far this year. A look at the trailing 12-month EPS for AMSC yields -0.26 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.04. This implies an EPS growth rate of 1350.00% for this year and 67.82% for next year.

Float and Shares Shorts:

At present, 36.95 million AMSC shares are outstanding with a float of 36.78 million shares on hand for trading. On 2024-08-30, short shares totaled 2.56 million, which was 670.0 higher than short shares on 1722384000. In addition to Mr. Daniel Patrick McGahn as the firm’s Chairman, President & CEO, Mr. John W. Kosiba Jr. serves as its CFO, Senior VP & Treasurer.

Institutional Ownership:

Through their ownership of 0.73503 of AMSC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, AMSC reported revenue of $40290000.0 and operating income of $629000.0. The EBITDA in the recently reported quarter was $5557000.0 and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMSC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.