American Resources Corporation (NASDAQ:AREC) does about 5.51M shares in volume on a normal day but saw 6250875 shares change hands in the recent trading day. The company now has a market cap of 88.26M USD. Its current market price is $1.14, marking a decrease of -7.32% compared to the previous close of $1.23. The 52 week high reached by this stock is $1.68 whilst the lowest price level in 52 weeks is $0.38.
American Resources Corporation (AREC) has a 20-day trading average at $0.6301 and the current price is -32.14% off the 52-week high compared with 200.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5872 and its 200-day simple moving average is $0.7634. If we look at the stock’s price movements over the week, volatility stands at 47.94%, which decreases to 24.19% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.51 to suggest the stock is overbought.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 71.5% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 80.87%, 94.10%, and 49.32% away from its SMA20, SMA50, and SMA200 respectively, with the AREC price moving below the 50-day SMA on current market day. American Resources Corporation (AREC) stock is up 79.56% over the week and 128.00% over the past month. Its price is 12.87% year-to-date and -17.99% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.13 and -0.44 for whole year. Expected sales for next quarter are $13.9M, which analysts say will come at $1.5M for the current fiscal year and next year at $95.95M. In addition, estimates put the company’s current quarterly revenue at an average of $1.3M.
To reach the target analysts have set, the stock logically needs to grow 71.5 percent from here.
Outstanding shares total 77.40M with insiders holding 34.51% of the shares and institutional holders owning 6.98% of the company’s common stock. The company has a return on investment of -19.63%. The beta has a value of 0.03. Price to sales ratio is 220.65.
