American Well Corporation (NYSE: AMWL) on Friday, soared 5.54% from the previous trading day, before settling in for the closing price of $0.52. Within the past 52 weeks, AMWL’s price has moved between $0.50 and $2.73.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 20.31%. The company achieved an average annual earnings per share of 66.91%. With a float of $228.34 million, this company’s outstanding shares have now reached $255.54 million.
Let’s determine the extent of company efficiency that accounts for 1104 employees.
American Well Corporation (AMWL) Insider Activity
Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of American Well Corporation is 22.89%, while institutional ownership is 46.66%. The most recent insider transaction that took place on Apr 01 ’24, was worth 5,844. In this transaction Chief Financial Officer of this company sold 7,569 shares at a rate of $0.77, taking the stock ownership to the 2,784,414 shares. Before that another transaction happened on Apr 01 ’24, when Company’s President, International sold 6,891 for $0.77, making the entire transaction worth $5,321. This insider now owns 2,459,579 shares in total.
American Well Corporation (AMWL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 90.20 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.80% during the next five years compared to -59.64% drop over the previous five years of trading.
American Well Corporation (NYSE: AMWL) Trading Performance Indicators
American Well Corporation (AMWL) is currently performing well based on its current performance indicators. A quick ratio of 4.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.39, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.46 in one year’s time.
Technical Analysis of American Well Corporation (AMWL)
Looking closely at American Well Corporation (NYSE: AMWL), its last 5-days average volume was 3.65 million, which is a jump from its year-to-date volume of 1.93 million. As of the previous 9 days, the stock’s Stochastic %D was 9.56%. Additionally, its Average True Range was 0.06.
During the past 100 days, American Well Corporation’s (AMWL) raw stochastic average was set at 4.23%, which indicates a significant decrease from 12.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.06% in the past 14 days, which was lower than the 76.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9063, while its 200-day Moving Average is $1.2740. However, in the short run, American Well Corporation’s stock first resistance to watch stands at $0.5694. Second resistance stands at $0.5922. The third major resistance level sits at $0.6194. If the price goes on to break the first support level at $0.5194, it is likely to go to the next support level at $0.4922. Should the price break the second support level, the third support level stands at $0.4694.
American Well Corporation (NYSE: AMWL) Key Stats
Market capitalization of the company is 161.85 million based on 289,253K outstanding shares. Right now, sales total 259,050 K and income totals -675,160 K. The company made 70,680 K in profit during its latest quarter, and -48,590 K in sales during its previous quarter.
