American Superconductor (NASDAQ:AMSC - Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02, Zacks reports. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. American Superconductor updated its Q4 2024 guidance to -0.070- EPS.
American Superconductor Stock Performance
Shares of NASDAQ:AMSC traded down $1.39 during trading on Friday, reaching $32.85. 3,060,439 shares of the stock traded hands, compared to its average volume of 1,152,223. The stock has a market cap of $1.30 billion, a P/E ratio of 469.35 and a beta of 2.26. The stock has a 50-day moving average of $27.65 and a two-hundred day moving average of $25.52. American Superconductor has a 52-week low of $10.21 and a 52-week high of $38.02.
Analysts Set New Price Targets
Separately, Oppenheimer raised their price objective on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday.
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American Superconductor Company Profile
(
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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.
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