AMSC Stock Summary and Trading Ideas (American Superconductor | NASDAQ:AMSC)

American Superconductor Corp generates the ideas, technologies, and solutions that meet world's demand for smarter, cleaner and energy. Through its Windtec Solutions, the company enables manufacturers to launch wind turbines quickly, effectively and profitably. Through its Gridtec Solutions, the company provides engineering planning services and grid systems that optimize network reliability, efficiency and performance. The company's segment includes Grid and Wind. It generates maximum revenue from the Grid segment.

American Superconductor trades on the NASDAQ stock market under the symbol AMSC.

As of April 17, 2024, AMSC stock price declined to $11.88 with 164,921 million shares trading.

AMSC has a beta of 2.35, meaning it tends to be more sensitive to market movements. AMSC has a correlation of 0.10 to the broad based SPY ETF.

AMSC has a market cap of $429.30 million. This is considered a Small Cap stock.

Last quarter American Superconductor reported $39 million in Revenue and $.03 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.09.

In the last 3 years, AMSC stock traded as high as $19.43 and as low as $3.20.

The top ETF exchange traded funds that AMSC belongs to (by Net Assets): VTI, VXF, PBW, DWAS, PRN.

AMSC has outperformed the market in the last year with a return of +180.9%, while the SPY ETF gained +23.0%. In the last 3 month period, AMSC beat the market returning +22.2%, while SPY returned +5.7%. However, in the most recent 2 weeks AMSC has underperformed the stock market by returning -8.8%, while SPY returned -3.5%.

AMSC support price is $11.62 and resistance is $12.29 (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 AMSC stock will trade within this expected range on the day.