American Resources Corporation [NASDAQ: AREC] slipped around -0.38 points on Monday, while shares priced at $2.92 at the close of the session, down -11.52%. The company report on June 7, 2021 that American Resources Corporation Announces Pricing of $30.1 Million Registered Direct Offering Priced At-The-Market.
American Resources Corporation (NASDAQ:AREC) (“American Resources” or the “Company”), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, announced that it entered into a securities purchase agreement with certain institutional investors for the issuance and sale of 8,600,000 shares of its common stock and 4,300,000 warrants to purchase up to 4,300,000 shares of its common stock, priced at the market under Nasdaq rules, for aggregate gross proceeds of approximately $30.1 million in a registered direct offering.
Kingswood Capital Markets, division of Benchmark Investments, Inc., acted as exclusive placement agent for the offering.
American Resources Corporation stock is now 49.74% up from its year-to-date (YTD) trading value. AREC Stock saw the intraday high of $4.22 and lowest of $2.82 per share. The company’s 52-week high price is 8.02, which means current price is +62.22% above from all time high which was touched on 02/09/21.
Compared to the average trading volume of 2.80M shares, AREC reached a trading volume of 42964321 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about American Resources Corporation [AREC]?
The Average True Range (ATR) for American Resources Corporation is set at 0.36, with the Price to Sales ratio for AREC stock in the period of the last 12 months amounting to 261.05.
How has AREC stock performed recently?
American Resources Corporation [AREC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.10. With this latest performance, AREC shares gained by 1.39% in over the last four-week period, additionally plugging by 68.79% over the last 6 months – not to mention a rise of 153.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AREC stock in for the last two-week period is set at 48.58, with the RSI for the last a single of trading hit 49.90, and the three-weeks RSI is set at 47.45 for American Resources Corporation [AREC]. The present Moving Average for the last 50 days of trading for this stock 3.17, while it was recorded at 3.00 for the last single week of trading, and 2.70 for the last 200 days.
American Resources Corporation [AREC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Resources Corporation [AREC] shares currently have an operating margin of -1552.09 and a Gross Margin at -838.46. American Resources Corporation’s Net Margin is presently recorded at -967.81.
Additionally, AREC Total Debt to Total Capital is recorded at 287.00, with Total Debt to Total Assets ending up at 79.92.
Reflecting on the efficiency of the workforce at the company, American Resources Corporation [AREC] managed to generate an average of -$1,025,576 per employee. Receivables Turnover for the company is 0.72 with a Total Asset Turnover recorded at a value of 0.03.American Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Earnings analysis for American Resources Corporation [AREC]
With the latest financial reports released by the company, American Resources Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 138.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AREC.
Insider trade positions for American Resources Corporation [AREC]
There are presently around $7 million, or 4.80% of AREC stock, in the hands of institutional investors. The top three institutional holders of AREC stocks are: VANGUARD GROUP INC with ownership of 926,313, which is approximately -30.992% of the company’s market cap and around 21.50% of the total institutional ownership; BLACKROCK INC., holding 445,012 shares of the stock with an approximate value of $1.3 million in AREC stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $1.27 million in AREC stock with ownership of nearly New of the company’s market capitalization.
Positions in American Resources Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 20 institutional holders increased their position in American Resources Corporation [NASDAQ:AREC] by around 1,320,548 shares. Additionally, 8 investors decreased positions by around 716,963 shares, while 1 investors held positions by with 438,634 shares. The mentioned changes placed institutional holdings at 2,476,145 shares, according to the latest SEC report filing. AREC stock had 15 new institutional investments in for a total of 1,257,714 shares, while 3 institutional investors sold positions of 192,836 shares during the same period.