Guggenheim slashes price target on American Well Corporation [AMWL] – find out why.

American Well Corporation [NYSE: AMWL] traded at a high on 06/10/21, posting a 1.67 gain after which it closed the day’ session at $13.97. The company report on June 4, 2021 that American Well Corporation Investors: Company Investigated by the Portnoy Law Firm.

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Investors can contact the law firm at no cost to learn more about recovering their losses.

The Portnoy Law Firm advises American Well Corporation (“American Well” or the “Company”) (NYSE: AMWL) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

The results of the trading session contributed to over 2372703 shares changing hands. Over the past one week, the price volatility of American Well Corporation stands at 6.23% while the volatility over the past one month is 7.36%.

The market cap for AMWL stock reached $3.44 billion, with 243.54 million shares outstanding and 141.94 million shares in the current float. Compared to the average trading volume of 4.10M shares, AMWL reached a trading volume of 2372703 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 Well Corporation [AMWL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMWL shares is $20.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMWL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Guggenheim have made an estimate for American Well Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 17, 2021. The new note on the price target was released on April 16, 2021, representing the official price target for American Well Corporation stock.

The Average True Range (ATR) for American Well Corporation is set at 0.88, with the Price to Sales ratio for AMWL stock in the period of the last 12 months amounting to 13.81. The Price to Book ratio for the last quarter was 2.85, with the Price to Cash per share for the same quarter was set at 4.04.

How has AMWL stock performed recently?

American Well Corporation [AMWL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.04. With this latest performance, AMWL shares gained by 9.91% in over the last four-week period, additionally sinking by -54.21% over the last 6 months.

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 AMWL stock in for the last two-week period is set at 53.46, with the RSI for the last a single of trading hit 61.12, and the three-weeks RSI is set at 48.00 for American Well Corporation [AMWL]. The present Moving Average for the last 50 days of trading for this stock 14.73, while it was recorded at 13.64 for the last single week of trading.

American Well Corporation [AMWL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and American Well Corporation [AMWL] shares currently have an operating margin of -90.09 and a Gross Margin at +31.93. American Well Corporation’s Net Margin is presently recorded at -91.51.

Return on Total Capital for AMWL is now -26.91, given the latest momentum, and Return on Invested Capital for the company is -28.39. Return on Equity for this stock declined to -28.54, with Return on Assets sitting at -23.92. When it comes to the capital structure of this company, American Well Corporation [AMWL] has a Total Debt to Total Equity ratio set at 0.63. Additionally, AMWL Total Debt to Total Capital is recorded at 0.62, with Total Debt to Total Assets ending up at 0.56. Long-Term Debt to Equity for the company is recorded at 0.11, with the Long-Term Debt to Total Capital now at 0.11.

Reflecting on the efficiency of the workforce at the company, American Well Corporation [AMWL] managed to generate an average of -$276,394 per employee. Receivables Turnover for the company is 6.29 with a Total Asset Turnover recorded at a value of 0.26.American Well Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.70 and a Current Ratio set at 10.80.

Insider trade positions for American Well Corporation [AMWL]

There are presently around $1,028 million, or 38.20% of AMWL stock, in the hands of institutional investors. The top three institutional holders of AMWL stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 12,653,988, which is approximately 130.746% of the company’s market cap and around 4.40% of the total institutional ownership; SATTER MANAGEMENT CO., L.P., holding 6,300,773 shares of the stock with an approximate value of $88.02 million in AMWL stocks shares; and VANGUARD GROUP INC, currently with $76.53 million in AMWL stock with ownership of nearly 11.159% of the company’s market capitalization.

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Positions in American Well Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 123 institutional holders increased their position in American Well Corporation [NYSE:AMWL] by around 26,055,738 shares. Additionally, 69 investors decreased positions by around 15,018,671 shares, while 14 investors held positions by with 32,515,940 shares. The mentioned changes placed institutional holdings at 73,590,349 shares, according to the latest SEC report filing. AMWL stock had 62 new institutional investments in for a total of 9,002,064 shares, while 32 institutional investors sold positions of 4,568,388 shares during the same period.

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