American Well (AMWL) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for American Well in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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8 Wall Street analysts have issued 12 month price objectives for American Well's shares. Their AMWL share price forecasts range from $2.50 to $5.00. On average, they predict the company's share price to reach $4.28 in the next twelve months. This suggests a possible upside of 95.2% from the stock's current price.
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American Well's stock was trading at $2.83 at the start of the year. Since then, AMWL stock has decreased by 22.6% and is now trading at $2.19.
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American Well saw a drop in short interest in April. As of April 15th, there was short interest totaling 9,050,000 shares, a drop of 12.1% from the March 31st total of 10,300,000 shares. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is currently 6.8 days. Currently, 4.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our AMWL earnings forecast.

American Well Co. (NYSE:AMWL) released its quarterly earnings data on Wednesday, February, 22nd. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.03. The business had revenue of $79.20 million for the quarter, compared to analyst estimates of $78.05 million. American Well had a negative trailing twelve-month return on equity of 26.40% and a negative net margin of 216.13%. American Well's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business posted ($0.18) earnings per share.

ETFs with the largest weight of American Well (NYSE:AMWL) stock in their portfolio include Fidelity Digital Health ETF (FDHT), Global X Telemedicine & Digital Health ETF (EDOC), SPDR FactSet Innovative Technology ETF (XITK), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and iShares U.S. Healthcare Providers ETF (IHF),

American Well updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $275.00 million-$285.00 million, compared to the consensus revenue estimate of $278.19 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 a price of $14.00-$16.00 per share. Morgan Stanley, Goldman Sachs, PIper Sandler, UBS Investment Bank, Credit Suisse, Cowen and Berenberg served 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.19%), State Street Corp (2.18%), Geode Capital Management LLC (1.63%), Dimensional Fund Advisors LP (1.11%), Renaissance Technologies LLC (0.73%) and Rock Point Advisors LLC (0.64%). 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 and Stephen J Schlegel.
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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 $2.19.

American Well (NYSE:AMWL) has a market capitalization of $615.11 million and generates $277.19 million in revenue each year. The company earns $-270,430,000.00 in net income (profit) each year or ($2.14) on an earnings per share basis.

The company employs 1,035 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.