While Ameresco Inc. has overperformed by 0.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMRC fell by -60.68%, with highs and lows ranging from $63.19 to $18.40, whereas the simple moving average fell by -45.41% in the last 200 days.
On December 15, 2023, BofA Securities Downgraded Ameresco Inc. (NYSE: AMRC) to Neutral. A report published by William Blair on November 07, 2023, Downgraded its rating to ‘Mkt Perform’ for AMRC. Exane BNP Paribas initiated its ‘Neutral’ rating for AMRC, as published in its report on October 20, 2023. UBS’s report from May 02, 2023 suggests a price prediction of $60 for AMRC shares, giving the stock a ‘Buy’ rating. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of Ameresco Inc. (AMRC)
Further, the quarter-over-quarter decrease in sales is -24.05%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Ameresco Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 5.59% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.13, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AMRC is recording an average volume of 474.74K. On a monthly basis, the volatility of the stock is set at 6.46%, whereas on a weekly basis, it is put at 6.88%, with a loss of -8.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $40.12, showing growth from the present price of $20.37, which can serve as yet another indication of whether AMRC is worth investing in or should be passed over.
How Do You Analyze Ameresco Inc. Shares?
A leading company in the Engineering & Construction sector, Ameresco Inc. (AMRC) is based in the USA. When comparing Ameresco Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.30, there is a growth in quarterly earnings of -22.46%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 39.11%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMRC shares are owned by institutional investors to the tune of 61.63% at present.
