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Saturday, December 9, 2023

Is American Well Corporation (NYSE: AMWL) The Best Stock To Invest In?

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 Well Corporation (AMWL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -4.00%, to $1.20. The American Well Corporation has recorded 2 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Amwell Announces Results for Third Quarter 2023.

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Stocks Info

American Well Corporation is listed on the NYSE in the Healthcare sector while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $1.25 and fluctuated between $1.2600 as its day high and $1.1500 as its day low. The current market capitalization of American Well Corporation is $355.84M. A total of 1.71 million shares were traded on the day, compared to an average of 1.68M 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, AMWL has seen 0 BUY and 9 SELL insider trades, representing the acquisition of 0 and the disposition of 105,561 shares. Over the last 12 months, there were 14 BUYs and 75 SELLs from insiders. Insiders purchased 4,857,639 shares during that period but sold 2,876,354.

In the most recent transaction, Jackson Deborah C sold 2,376 shares of AMWL for 1.24 per share on Nov 02. After the transaction, the Director now owns 135,112 company shares. In a previous transaction on Nov 02, Slavin Peter L. sold 2,330 shares at 1.24 per share. AMWL shares that Director owns now total 169,630.

Among the insiders who sold shares, Knight Kurt disposed of 5,578 shares on Nov 01 at a per-share price of $1.11. This resulted in the Chief Operating Officer holding 1,264,425 shares of AMWL after the transaction. In another insider transaction, Gotlib Phyllis sold 4,461 shares at $1.11 per share on Nov 01. Company shares held by the President, International now total 614,253.

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 AMWL in the last 3 months, the mean price target is $2.45 with high estimates of $4.00 and low estimates of $1.75. In terms of 52-week highs and lows, AMWL has a high of $4.39 and a low of $0.93.

As of this writing, AMWL has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.25. The company reported an EPS of -$1.42 in the last quarter, which was -576.20% lower than expectations of -$0.21.

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. AMWL’s latest balance sheet shows that the firm has $746.42M in Cash & Short Term Investments as of fiscal 2021. There were $16.61M in debt and $141.63M in liabilities at the time. Its Book Value Per Share was $1.75, while its Total Shareholder’s Equity was $1.26B.

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 AMWL is Buy with a score of 3.29.

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