American Resources Corporation (NASDAQ:AREC) does about 4.35M shares in volume on a normal day but saw 5734479 shares change hands in the recent trading day. The company now has a market cap of 115.18M USD. Its current market price is $1.4, marking an increase of 23.89% compared to the previous close of $1.13. 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 $0.9414 and the current price is -16.67% off the 52-week high compared with 268.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8456 and its 200-day simple moving average is $0.8457. If we look at the stock’s price movements over the week, volatility stands at 16.62%, which decreases to 12.46% 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 75.20 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 65.0% 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 48.68%, 65.55%, and 65.52% 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 62.96% over the week and 79.26% over the past month. Its price is 102.46% year-to-date and 38.61% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.05 and 0.01 for whole year.
To reach the target analysts have set, the stock logically needs to grow 65.0 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 0.87. Price to sales ratio is 359.95.
