Take off with American Superconductor Corporation (AMSC): Get ready for trading

American Superconductor Corporation (NASDAQ: AMSC) stock jumped 1.45% on Friday to $7.72 against a previous-day closing price of $7.61. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $7.76 whereas the lowest price it dropped to was $7.55. The 52-week range on AMSC shows that it touched its highest point at $17.37 and its lowest point at $3.20 during that stretch. It currently has a 1-year price target of $11.67. Beta for the stock currently stands at 1.57.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


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 AMSC was down-trending over the past week, with a drop of -4.22%, but this was down by -13.55% over a month. Three-month performance surged to 13.70% while six-month performance rose 66.38%. The stock gained 57.23% in the past year, while it has gained 109.78% so far this year. A look at the trailing 12-month EPS for AMSC yields -1.13 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.09. This implies an EPS growth rate of -78.30% for this year and 69.20% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.10%.

Float and Shares Shorts:

At present, 30.29 million AMSC shares are outstanding with a float of 28.60 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.6 million, which was 8.60% higher than short shares on Jul 30, 2023. In addition to Mr. Daniel Patrick McGahn as the firm’s Chairman, Pres & CEO, Mr. John W. Kosiba Jr. serves as its CFO, Sr. VP & Treasurer.

Institutional Ownership:

Through their ownership of 45.58% of AMSC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.17% of AMSC, in contrast to 24.17% held by mutual funds. Shares owned by individuals account for 19.27%. As the largest shareholder in AMSC with 7.36% of the stake, AWM Investment Co., Inc. holds 2,228,301 shares worth 2,228,301. A second-largest stockholder of AMSC, Royce & Associates LP, holds 1,864,529 shares, controlling over 6.16% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in AMSC, holding 1,491,370 shares or 4.92% stake. With a 2.72% stake in AMSC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 824,756 shares are owned by the mutual fund manager. The Edinburgh Worldwide Investment Tr, which owns about 2.54% of AMSC stock, is the second-largest Mutual Fund holder. It holds 768,000 shares valued at 7.1 million. Baillie Gifford Overseas Growth F holds 2.39% of the stake in AMSC, owning 723,400 shares worth 6.69 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AMSC reported revenue of $22.68M and operating income of -$8.70M. The EBITDA in the recently reported quarter was -$7.13M and diluted EPS was -$0.32.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMSC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMSC analysts setting a high price target of $13.00 and a low target of $10.00, the average target price over the next 12 months is $11.67. Based on these targets, AMSC could surge 68.39% to reach the target high and rise by 29.53% to reach the target low. Reaching the average price target will result in a growth of 51.17% 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.

Summary of Insider Activity:

Insiders traded AMSC stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 190,714 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 848,675 while 197,166 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *