American Well Corporation (NYSE: AMWL) kicked off on May 19, 2023, at the price of $2.28, down -4.02% from the previous trading day. During the day, the shares moved up to $2.28 and dropped to $2.14 before settling in for the closing price of $2.24. Over the past 52 weeks, AMWL has traded in a range of $1.95-$5.43.
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While this was happening, its average annual earnings per share was recorded -42.10%. With a float of $220.63 million, this company’s outstanding shares have now reached $279.97 million.
Let’s look at the performance matrix of the company that is accounted for 1123 employees.
American Well Corporation (AMWL) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Health Information Services Industry. The insider ownership of American Well Corporation is 4.50%, while institutional ownership is 54.40%. The most recent insider transaction that took place on May 15, was worth 512,447. In this transaction Chairman, co-CEO of this company sold 250,610 shares at a rate of $2.04, taking the stock ownership to the 1,566,299 shares. Before that another transaction happened on May 15, when Company’s President, co-CEO sold 233,427 for $2.04, making the entire transaction worth $477,312. This insider now owns 2,426,926 shares in total.
American Well Corporation (AMWL) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported -$0.24 earnings per share (EPS), lower than consensus estimate (set at -$0.21) by -$0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -42.10% per share during the next fiscal year.
American Well Corporation (NYSE: AMWL) Trading Performance Indicators
Take a look at American Well Corporation’s (AMWL) current performance indicators. Last quarter, stock had a quick ratio of 5.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.67 in one year’s time.
Technical Analysis of American Well Corporation (AMWL)
American Well Corporation (NYSE: AMWL) saw its 5-day average volume 1.63 million, a positive change from its year-to-date volume of 1.38 million. As of the previous 9 days, the stock’s Stochastic %D was 64.37%. Additionally, its Average True Range was 0.14.
During the past 100 days, American Well Corporation’s (AMWL) raw stochastic average was set at 8.60%, which indicates a significant decrease from 44.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.52% in the past 14 days, which was higher than the 66.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.21, while its 200-day Moving Average is $3.38. Nevertheless, the first resistance level for the watch stands at $2.24 in the near term. At $2.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.38. If the price goes on to break the first support level at $2.10, it is likely to go to the next support level at $2.05. The third support level lies at $1.96 if the price breaches the second support level.
American Well Corporation (NYSE: AMWL) Key Stats
The company with the Market Capitalisation of 629.09 million has total of 280,869K Shares Outstanding. Its annual sales at the moment are 277,190 K in contrast with the sum of -270,430 K annual income. Company’s last quarter sales were recorded 64,000 K and last quarter income was -397,690 K.
