American Well (AMWL) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Well in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AMWL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMWL, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued twelve-month target prices for American Well's shares. Their AMWL share price forecasts range from $2.50 to $5.00. On average, they predict the company's stock price to reach $3.81 in the next year. This suggests a possible upside of 219.2% from the stock's current price.
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American Well's stock was trading at $2.83 at the beginning of the year. Since then, AMWL shares have decreased by 57.8% and is now trading at $1.1950.
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American Well saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,550,000 shares, an increase of 12.2% from the August 15th total of 8,510,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 7.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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American Well Co. (NYSE:AMWL) released its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by $0.02. The company had revenue of $62.45 million for the quarter, compared to analyst estimates of $65.45 million. American Well had a negative net margin of 226.24% and a negative trailing twelve-month return on equity of 29.76%.

ETFs with the largest weight of American Well (NYSE:AMWL) stock in their portfolio include Fidelity Digital Health ETF (FDHT) and Global X Telemedicine & Digital Health ETF (EDOC).First Trust Nasdaq Lux Digital Health Solutions ETF (EKG).

American Well updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $257.00 million-$263.00 million, compared to the consensus revenue estimate of $276.71 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other American Well investors own include PayPal (PYPL), NVIDIA (NVDA), Shopify (SHOP), Tesla (TSLA), Twilio (TWLO), Salesforce (CRM), Livongo Health (LVGO), Skyworks Solutions (SWKS), Slack Technologies (WORK) and Adobe (ADBE).

(AMWL) raised $525 million in an initial public offering on Thursday, September 17th 2020. The company issued 35,000,000 shares at $14.00-$16.00 per share. Morgan Stanley, Goldman Sachs, PIper Sandler, UBS Investment Bank, Credit Suisse, Cowen and Berenberg acted as the underwriters for the IPO.

American Well trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMWL."

American Well's stock is owned by many different institutional and retail investors. Top institutional investors include Senvest Management LLC (7.91%), BlackRock Inc. (7.57%), State Street Corp (2.12%), Geode Capital Management LLC (1.77%), Dimensional Fund Advisors LP (0.96%) and Northern Trust Corp (0.82%). Insiders that own company stock include Amber Howe, Bradford Gay, Brendan P Ogrady, Deborah C Jackson, Deval L Patrick, Ido Schoenberg, Jason Medeiros, Keith Anderson, Kurt Knight, Mary Modahl, Paul Francis Mcneice, Peter L Slavin, Phyllis Gotlib, Robert Shepardson, Roy Schoenberg, Serkan Kutan, Stephen J Schlegel and Vukasin Paunovich.
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Shares of AMWL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMWL stock can currently be purchased for approximately $1.20.

American Well (NYSE:AMWL) has a market capitalization of $340.18 million and generates $277.19 million in revenue each year. The company earns $-270,430,000.00 in net income (profit) each year or ($2.22) on an earnings per share basis.

The company employs 1,123 workers across the globe.

American Well's mailing address is 75 STATE STREET 26TH FLOOR, Boston MA, 02109. The official website for the company is amwell.com. The company can be reached via phone at 617-204-3500 or via email at investors@amwell.com.