American Superconductor (NASDAQ:AMSC) Stock Price Up 9.3% – Time to Buy?

American Superconductor Corporation (NASDAQ:AMSC) rose 9.3% on Friday . The company traded as high as $61.80 and last traded at $61.78. Approximately 496,168 shares traded hands during trading, a decline of 53% from the average daily volume of 1,062,850 shares. The stock had previously closed at $56.53.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of American Superconductor in a report on Friday. Wall Street Zen upgraded American Superconductor from a “hold” rating to a “buy” rating in a report on Tuesday, July 15th. Finally, Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

American Superconductor Price Performance

The company has a market capitalization of $2.69 billion, a P/E ratio of 152.77 and a beta of 3.00. The company has a 50 day moving average of $56.33 and a 200-day moving average of $40.86.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $72.36 million for the quarter, compared to analysts’ expectations of $64.97 million. American Superconductor had a return on equity of 9.35% and a net margin of 6.00%.The firm’s revenue was up 79.6% compared to the same quarter last year. American Superconductor has set its Q2 2025 guidance at 0.14- EPS. Research analysts predict that American Superconductor Corporation will post 0.41 EPS for the current fiscal year.

Insider Activity

In related news, Director Arthur H. House sold 9,703 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $50.92, for a total value of $494,076.76. Following the sale, the director directly owned 48,663 shares of the company’s stock, valued at $2,477,919.96. This trade represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $54.49, for a total value of $5,495,207.52. Following the completion of the sale, the chief executive officer directly owned 1,183,134 shares in the company, valued at $64,468,971.66. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.80% of the stock is owned by company insiders.

Institutional Trading of American Superconductor

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in American Superconductor during the 3rd quarter valued at approximately $124,000. Campbell Newman Asset Management Inc. boosted its position in American Superconductor by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 65,365 shares of the technology company’s stock valued at $3,882,000 after acquiring an additional 354 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in American Superconductor during the 3rd quarter valued at approximately $369,000. SG Americas Securities LLC boosted its position in American Superconductor by 319.2% during the 3rd quarter. SG Americas Securities LLC now owns 31,823 shares of the technology company’s stock valued at $1,890,000 after acquiring an additional 24,231 shares in the last quarter. Finally, ANB Bank bought a new stake in American Superconductor during the 3rd quarter valued at approximately $221,000. 52.28% of the stock is owned by institutional investors.

American Superconductor Company Profile

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.