American Resources (NASDAQ:AREC) Trading Up 18.3% - What's Next?

Key Points

• American Resources Corporation's stock surged 18.3%, reaching a high of $4.75, significantly increasing trading volume to over 18 million shares.
• The stock has received a mix of ratings from analysts, with one firm upgrading it to a "strong-buy" and another maintaining a "sell" rating, reflecting diverse market opinions.
• In its latest earnings report, American Resources missed the EPS estimate, reporting ($0.10) against a consensus of (0.05), indicating challenges in revenue expectations.

American Resources Corporation (NASDAQ:AREC - Get Free Report)'s stock price shot up 18.3% during trading on Monday . The company traded as high as $4.75 and last traded at $4.73. 18,446,152 shares traded hands during trading, an increase of 61% from the average session volume of 11,491,750 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AREC. D Boral Capital upgraded shares of American Resources to a "strong-buy" rating in a report on Monday, September 15th. D. Boral Capital began coverage on shares of American Resources in a report on Monday, September 15th. They set a "buy" rating and a $6.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of American Resources in a report on Wednesday, October 8th. William Blair began coverage on shares of American Resources in a report on Monday. They set an "outperform" rating on the stock. Finally, Roth Capital restated a "buy" rating and set a $5.00 price objective on shares of American Resources in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.50.

American Resources Trading Up 18.3%

The firm's 50 day simple moving average is $2.71 and its 200-day simple moving average is $1.56. The stock has a market capitalization of $400.21 million, a price-to-earnings ratio of -9.65 and a beta of 1.14.

American Resources (NASDAQ:AREC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $0.01 million for the quarter, compared to analysts' expectations of $16.40 million. As a group, equities research analysts predict that American Resources Corporation will post -0.38 earnings per share for the current year.

Insider Transactions at American Resources

In other American Resources news, major shareholder Properties Ltd. Golden sold 20,000 shares of American Resources stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.12, for a total value of $82,400.00. Following the sale, the insider directly owned 11,389,960 shares in the company, valued at approximately $46,926,635.20. The trade was a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of American Resources during the 2nd quarter worth about $139,000. CWM LLC acquired a new position in shares of American Resources during the 3rd quarter worth about $429,000. JPMorgan Chase & Co. increased its stake in shares of American Resources by 86,418.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company's stock worth $102,000 after purchasing an additional 122,714 shares during the last quarter. Virtu Financial LLC increased its stake in shares of American Resources by 271.3% during the 1st quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock worth $48,000 after purchasing an additional 74,464 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of American Resources during the 2nd quarter worth about $33,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.

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