American Resources Corporation (NASDAQ:AREC) does about 5.63M shares in volume on a normal day but saw 6984182 shares change hands in the recent trading day. The company now has a market cap of 60.71M USD. Its current market price is $0.74, marking an increase of 15.60% compared to the previous close of $0.64. The 52 week high reached by this stock is $1.68 whilst the lowest price level in 52 weeks is $0.38.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 81.5% 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 -7.01%, -2.01%, and -7.30% away from its SMA20, SMA50, and SMA200 respectively, with the AREC price moving above the 50-day SMA on current market day. American Resources Corporation (AREC) stock is up 11.30% over the week and -18.91% over the past month. Its price is -26.94% year-to-date and -40.97% over the past year.
To reach the target analysts have set, the stock logically needs to grow 81.5 percent from here.
Outstanding shares total 80.49M with insiders holding 25.02% of the shares and institutional holders owning 6.30% of the company’s common stock. The company has a return on investment of -42.53%. The beta has a value of 0.84. Price to sales ratio is 189.72.
