Healthy Upside Potential: Amesite Inc. (AMST)

Amesite Inc. (NASDAQ: AMST) stock fell -12.35% on Monday to $0.25 against a previous-day closing price of $0.29. With 1.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2892 whereas the lowest price it dropped to was $0.1300. The 52-week range on AMST shows that it touched its highest point at $1.64 and its lowest point at $0.17 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMST was down-trending over the past week, with a drop of -19.39%, but this was up by 3.48% over a month. Three-month performance surged to 13.08% while six-month performance fell -42.42%. The stock lost -80.92% in the past year, while it has gained 42.72% so far this year.


Float and Shares Shorts:

At present, 27.42 million AMST shares are outstanding with a float of 20.78 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.13 million, which was 0.42% higher than short shares on Sep 14, 2022. In addition to Dr. Ann Marie Sastry Ph.D. as the firm’s Chairperson, Pres & CEO, Mr. Mark Corrao serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 2.76% of AMST’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.08% of AMST, in contrast to 1.88% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AMST with 1.38% of the stake, Warberg Asset Management LLC holds 417,850 shares worth 417,850. A second-largest stockholder of AMST, Telemus Capital LLC, holds 400,000 shares, controlling over 1.32% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in AMST, holding 392,208 shares or 1.29% stake. With a 0.81% stake in AMST, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 246,652 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.48% of AMST stock, is the second-largest Mutual Fund holder. It holds 145,556 shares valued at 25472.0. Fidelity Extended Market Index Fu holds 0.27% of the stake in AMST, owning 81,397 shares worth 14244.0.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMST since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMST analysts setting a high price target of $3.40 and a low target of $3.40, the average target price over the next 12 months is $3.40. Based on these targets, AMST could surge 1260.0% to reach the target high and rise by 1260.0% to reach the target low. Reaching the average price target will result in a growth of 1260.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.08.

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