In yesterday’s Wall Street session, American Resources Corporation (NASDAQ:AREC) shares traded at $1.46, down -2.67% from the previous session.
As of this writing, 2 analysts cover American Resources Corporation (NASDAQ:AREC). The consensus rating among analysts is ‘Buy’. AREC stock price is now 0.94% away from the 50-day moving average and -26.16% away from the 200-day moving average. The market capitalization of the company currently stands at $97.63M.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating.
.
In other news, Jensen Mark C., Chief Executive Officer bought 5,000 shares of the company’s stock on Jan 10. The stock was bought for $6,968 at an average price of $1.39. Upon completion of the transaction, the Chief Executive Officer now directly owns 5,179,896 shares in the company, valued at $7.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Chief Financial Officer Taylor Kirk Patrick bought 1,000 shares of the business’s stock. A total of $1,629 was incurred on buying the stock at an average price of $1.63. This leaves the insider owning 1,622,383 shares of the company worth $2.37 million. A total of 25.79% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AREC stock. A new stake in American Resources Corporation shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,508,000. ESSEX INVESTMENT MANAGEMENT CO LLC invested $1,187,000 in shares of AREC during the first quarter. In the first quarter, EAM GLOBAL INVESTORS LLC acquired a new stake in American Resources Corporation valued at approximately $764,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in AREC for approximately $401,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in AREC valued at around $369,000 in the second quarter. In total, there are 38 active investors with 17.20% ownership of the company’s stock.
Monday morning saw American Resources Corporation (NASDAQ: AREC) opened at $1.5200. During the past 12 months, American Resources Corporation has had a low of $1.15 and a high of $3.56. The fifty day moving average price for AREC is $1.4464 and a two-hundred day moving average price translates $1.9772 for the stock.
The latest earnings results from American Resources Corporation (NASDAQ: AREC) was released for Jun, 2022. According to the Thermal Coal Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.05 by 0.01. This compares to -$0.15 EPS in the same period last year. The net profit margin was -53.30% and return on equity was 428.00% for AREC. The company reported revenue of $9.51 million for the quarter, compared to $2.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 237.95 percent. For the current quarter, analysts expect AREC to generate $21.3M in revenue.
American Resources Corporation(AREC) Company Profile
American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.
