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Sunday, December 3, 2023

There’s No Getting Around American Well Corporation (NYSE: AMWL) Success

After Hours

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. After-hours trades for American Well Corporation (AMWL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -5.00%, to $1.33. The American Well Corporation has recorded 21,411 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Amwell Announces Results for Third Quarter 2023.

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Stocks Info

AMWL belongs to the Healthcare sector of the NYSE while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $1.40 and fluctuated between $1.4150 as its day high and $1.3200 as its day low. The current market capitalization of American Well Corporation is $402.60M. A total of 0.9 million shares were traded on the day, compared to an average of 1.72M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AMWL has seen 0 BUY and 11 SELL insider trades, representing the acquisition of 0 and the disposition of 366,499 shares. Over the last 12 months, there were 14 BUYs and 74 SELLs from insiders. Insiders purchased 4,857,639 shares during that period but sold 2,888,310.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AMWL in the last 3 months, the mean price target is $2.25 with high estimates of $4.00 and low estimates of $1.30. In terms of 52-week highs and lows, AMWL has a high of $4.28 and a low of $0.93.

As of this writing, AMWL has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.33 in the last quarter, which was -50.00% lower than expectations of -$0.22.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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