AMR Stock Summary and Trading Ideas (Alpha Metallurgical Resources | NYSE:AMR)

Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.

Alpha Metallurgical Resources trades on the NYSE stock market under the symbol AMR.

As of April 19, 2024, AMR stock price declined to $329.50 with 281,508 million shares trading.

AMR has a beta of 0.27, meaning it tends to be less sensitive to market movements. AMR has a correlation of 0.00 to the broad based SPY ETF.

AMR has a market cap of $4.28 billion. This is considered a Mid Cap stock.

Last quarter Alpha Metallurgical Resources reported $960 million in Revenue and $13.05 earnings per share. This beat revenue expectation by $163 million and exceeded earnings estimates by $3.98.

In the last 3 years, AMR stock traded as high as $452.00 and as low as $11.75.

The top ETF exchange traded funds that AMR belongs to (by Net Assets): IJR, CALF, VTI, IWM, VB.

AMR has outperformed the market in the last year with a price return of +98.0% while the SPY ETF gained +21.2%. However, in the short term, AMR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -16.9% vs +4.3% return in SPY. But in the last 2 weeks, AMR shares have fared better than the market returning +5.8% compared to SPY -3.5%.

AMR support price is $327.42 and resistance is $347.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMR stock will trade within this expected range on the day.