American Superconductor Co. (NASDAQ:AMSC - Get Free Report)'s stock price was up 4.7% on Wednesday . The stock traded as high as $27.34 and last traded at $27.14. Approximately 592,722 shares changed hands during trading, a decline of 45% from the average daily volume of 1,077,298 shares. The stock had previously closed at $25.93.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on AMSC. Roth Mkm reaffirmed a "buy" rating and set a $29.00 price objective on shares of American Superconductor in a report on Monday, September 30th. Craig Hallum restated a "buy" rating and set a $33.00 price target on shares of American Superconductor in a report on Tuesday, September 10th.
Read Our Latest Stock Analysis on American Superconductor
American Superconductor Stock Down 3.7 %
The firm has a market cap of $984.35 million, a PE ratio of -498.90 and a beta of 2.21. The company has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $25.09.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new stake in shares of American Superconductor in the 2nd quarter worth approximately $28,000. nVerses Capital LLC bought a new stake in shares of American Superconductor in the second quarter valued at $42,000. CWM LLC bought a new stake in shares of American Superconductor in the third quarter valued at $57,000. Quest Partners LLC purchased a new position in shares of American Superconductor during the 3rd quarter valued at $88,000. Finally, Canada Pension Plan Investment Board purchased a new stake in American Superconductor in the 2nd quarter worth about $96,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.
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.
Read More
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
Thinking about investing in Meta, Roblox, or Unity? Click the link 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.
Link copied to clipboard.
