Is American Superconductor Corporation (NASDAQ: AMSC) Proving The Doubters Wrong?

AWM Investment Co., Inc. has recently announced that it has increased stake in American Superconductor Corporation (NASDAQ:AMSC) by 18.04%. After grabbing 1.78 million shares, the institutional investor is now in possession of 0.27 million shares of the Industrials Company. The new investment brought the stake of investor firm to 6.10% having worth around $6.57 million. Moreover, Royce & Associates LP increased its share by 0.7 million to have a control over 1.52 million shares. And Invesco Capital Management LLC raised its holdings to 89138.0 shares by acquiring 1.18 million shares or 4.05% of the stake.

American Superconductor Corporation (AMSC) concluded trading on 01/18/23 at a closing price of $5.35, with 0.37 million shares of worth about $1.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.39% during that period and on Wednesday the price saw a gain of about 6.15%. Currently the company’s common shares owned by public are about 27.87M shares, out of which, 27.86M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the AMSC stock and their offered price forecasts bring an average price target of $10.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.00 and could fall to a lowest price of $7.00. The stock’s current price level is 47.8% above of average price target set by the analysts, while a rise to estimated low would result in gain of 23.57% for the stock. However, touching the estimated high of $14.00 would mean a gain of 61.79% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 425,806 shares in 8 of the transactions. In 4 selling transactions, insiders dumped 76,110 shares.

Invesco WilderHill Clean Energy E, Edinburgh Worldwide Investment Tr, and Baillie Gifford Overseas Growth F are the top 3 mutual funds which are holding stakes in American Superconductor Corporation Invesco WilderHill Clean Energy E is currently holding 1.02 million shares of worth totaling $3.74 million. The company recently came buying 0.0 shares which brought its stake up to 3.48% of the company’s outstanding shares. Baillie Gifford Overseas Growth F, after buying 0.72 million shares, have now control over 2.47% of the stake in the company. It holds 0.0 shares of worth $2.66 million.

American Superconductor Corporation (NASDAQ: AMSC) started trading at $5.07, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 5.45, or with a gain of 6.15%. Stock saw a price change of 31.45% in past 5 days and over the past one month there was a price change of 46.98%. Year-to-date (YTD), AMSC shares are showing a performance of 45.38% which decreased to -44.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.20 but also hit the highest price of $10.14 during that period. The average intraday trading volume for American Superconductor Corporation shares is 204.10K. The stock is currently trading 39.43% above its 20-day simple moving average (SMA20), while that difference is up 40.40% for SMA50 and it goes to 8.53% higher than SMA200.

AWM Investment Co., Inc. acquired 1.78 million shares of American Superconductor Corporation having value of about $6.57 million. Data submitted at the U.S SEC by AWM Investment Co., Inc. revealed that the firm now holds 0.27 million shares in the company valued at close to $1458918.25, or have control over 18.04% stake in the company. American Superconductor Corporation (NASDAQ: AMSC) currently have 27.87M outstanding shares and institutions hold larger chunk of about 49.90% of that. Holding of mutual funds in the company is about 24.76% while other institutional holders and individual stake holders have control over 5.66% and 23.92% of the stake respectively.

The stock has a current market capitalization of $153.17M and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$1.01 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMSC, volatility over the week remained 8.45% while standing at 6.95% over the month.

Analysts are in expectations that American Superconductor Corporation (AMSC) stock would likely to be making an EPS of -$0.22 in the current quarter, while forecast for next quarter EPS is -$0.16 and it is -$0.38 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.23 which is -$0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.70% while it is estimated to increase by 43.80% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of 18.70% made by the stock over the past 5-years.

Analysts at 4 brokerage firms have issued recommendations for the American Superconductor Corporation (AMSC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on June 03, 2022 offering a Buy rating for the stock and assigned a target price range of between $23 and $10 to it. Coverage by Canaccord Genuity stated American Superconductor Corporation (AMSC) stock as a Hold in their note to investors on November 06, 2020, suggesting a price target of $16 for the stock. On January 24, 2020, Canaccord Genuity Initiated their recommendations, while on July 06, 2018, B. Riley FBR Inc. Resumed their ratings for the stock with a price target of $7. Stock get a Mkt perform rating from FBR & Co. on July 21, 2017.