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Friday, September 29, 2023

Make Sure You Stick With American Superconductor Corporation (AMSC). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for American Superconductor Corporation (AMSC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 1.19%, to $7.65. The American Superconductor Corporation has recorded 28,687 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed AMSC Reports First Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook.

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Stocks Info

American Superconductor Corporation is listed on the NASDAQ in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $7.56 and fluctuated between $7.88 as its day high and $7.50 as its day low. The current market capitalization of American Superconductor Corporation is $231.94M. A total of 0.69 million shares were traded on the day, compared to an average of 2.72M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AMSC has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 355,000 and the disposition of 197,166 shares. Over the last 12 months, there were 12 BUYs and 6 SELLs from insiders. Insiders purchased 848,675 shares during that period but sold 197,166.

In the most recent transaction, McGahn Daniel P sold 36,902 shares of AMSC for 5.95 per share on Jun 22. After the transaction, the Chairman, President and CEO now owns 1,077,680 company shares. In a previous transaction on Jun 22, Kosiba John W JR sold 29,878 shares at 5.95 per share. AMSC shares that SVP, CFO & Treasurer owns now total 377,136.

Among the insiders who sold shares, McGahn Daniel P disposed of 73,802 shares on Jun 21 at a per-share price of $6.14. This resulted in the Chairman, President and CEO holding 1,114,582 shares of AMSC after the transaction. In another insider transaction, Kosiba John W JR sold 50,132 shares at $6.15 per share on Jun 21. Company shares held by the SVP, CFO & Treasurer now total 407,014.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AMSC in the last 3 months, the mean price target is $11.67 with high estimates of $13.00 and low estimates of $10.00. In terms of 52-week highs and lows, AMSC has a high of $17.37 and a low of $3.20.

As of this writing, AMSC has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.28 in the last quarter, which was -40.00% lower than expectations of -$0.2.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AMSC’s latest balance sheet shows that the firm has $40.58M in Cash & Short Term Investments as of fiscal 2022. There were $3.80M in debt and $53.96M in liabilities at the time. Its Book Value Per Share was $2.76, while its Total Shareholder’s Equity was $109.39M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMSC is Buy with a score of 5.00.

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