Free Trial

American Superconductor (NASDAQ:AMSC) Reaches New 12-Month High - What's Next?

American Superconductor logo with Computer and Technology background

American Superconductor Corporation (NASDAQ:AMSC - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $43.41 and last traded at $42.70, with a volume of 1279441 shares trading hands. The stock had previously closed at $41.38.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded American Superconductor from a "hold" rating to a "buy" rating in a research note on Tuesday, July 15th.

Read Our Latest Stock Report on American Superconductor

American Superconductor Stock Performance

The company's 50-day moving average is $33.28 and its 200 day moving average is $26.53. The company has a market capitalization of $1.70 billion, a PE ratio of 287.30 and a beta of 2.91.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. The company had revenue of $66.66 million for the quarter, compared to the consensus estimate of $60.27 million. The firm's revenue for the quarter was up 58.6% compared to the same quarter last year. On average, analysts forecast that American Superconductor Corporation will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.40, for a total value of $1,320,000.00. Following the completion of the transaction, the chief financial officer owned 414,276 shares in the company, valued at $10,936,886.40. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.39, for a total value of $3,236,865.45. Following the completion of the transaction, the chief executive officer owned 1,304,486 shares of the company's stock, valued at $34,425,385.54. This represents a 8.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,088 shares of company stock valued at $4,952,531 in the last 90 days. Company insiders own 4.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMSC. PNC Financial Services Group Inc. raised its stake in shares of American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after purchasing an additional 2,948 shares during the last quarter. Swiss National Bank increased its position in American Superconductor by 4.3% during the fourth quarter. Swiss National Bank now owns 75,300 shares of the technology company's stock valued at $1,855,000 after acquiring an additional 3,100 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in American Superconductor during the fourth quarter valued at $292,000. Intech Investment Management LLC purchased a new stake in American Superconductor during the fourth quarter valued at $355,000. Finally, American Century Companies Inc. purchased a new stake in American Superconductor during the fourth quarter valued at $320,000. Hedge funds and other institutional investors own 52.28% of the company's stock.

About American Superconductor

(Get Free Report)

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.

Recommended Stories

Should You Invest $1,000 in American Superconductor Right Now?

Before you consider American Superconductor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Superconductor wasn't on the list.

While American Superconductor currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines