In yesterday’s Wall Street session, American Superconductor Corporation (NASDAQ:AMSC) shares traded at $8.93, down -0.67% from the previous session.
3 analysts cover American Superconductor Corporation (NASDAQ:AMSC), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $12.00. Given the previous closing price of $8.99, this indicates a potential upside of 33.48 percent. AMSC stock price is now 18.54% away from the 50-day moving average and 71.48% away from the 200-day moving average. The market capitalization of the company currently stands at $298.53M.
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The stock has received a hold rating from 0 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $11.67 as their price target over the next twelve months.
In other news, McGahn Daniel P, Chairman, President and CEO sold 36,902 shares of the company’s stock on Jun 22. The stock was sold for $219,596 at an average price of $5.95. Upon completion of the transaction, the Chairman, President and CEO now directly owns 1,077,680 shares in the company, valued at $9.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 22, SVP, CFO & Treasurer Kosiba John W JR sold 29,878 shares of the business’s stock. A total of $177,816 was realized by selling the stock at an average price of $5.95. This leaves the insider owning 377,136 shares of the company worth $3.37 million. Insiders disposed of 117,156 shares of company stock worth roughly $1.05 million over the past 1 year. A total of 4.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMSC stock. A new stake in American Superconductor Corporation shares was purchased by EAM INVESTORS, LLC during the first quarter worth $2,467,000. XTX TOPCO LTD invested $271,000 in shares of AMSC during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in American Superconductor Corporation valued at approximately $266,000. CAMPBELL & CO INVESTMENT ADVISER LLC acquired a new stake in AMSC for approximately $127,000. GTS SECURITIES LLC purchased a new stake in AMSC valued at around $126,000 in the second quarter. In total, there are 95 active investors with 49.90% ownership of the company’s stock.
During the past 12 months, American Superconductor Corporation has had a low of $3.20 and a high of $17.37. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.20, and a quick ratio of 0.70. The fifty day moving average price for AMSC is $7.58 and a two-hundred day moving average price translates $5.23 for the stock.
The latest earnings results from American Superconductor Corporation (NASDAQ: AMSC) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.16 by 0.08. This compares to -$0.32 EPS in the same period last year. The net profit margin was -29.90% and return on equity was -37.10% for AMSC. The company reported revenue of $30.25 million for the quarter, compared to $22.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.4 percent. For the current quarter, analysts expect AMSC to generate $30.25M in revenue.
American Superconductor Corporation(AMSC) Company Profile
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, resilient electric grid systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship’s magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers. This segment’s design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher. The company was incorporated in 1987 and is headquartered in Ayer, Massachusetts.
