Is This Stock a Screaming Buy: American Superconductor Corporation (NASDAQ:AMSC)

Equity Research firms currently have a positive stance on shares of American Superconductor Corporation (NASDAQ:AMSC). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $10.70 on a short term basis.

At the time of writing, the stock was trading at $6.99. This represents a change from the opening price of -0.77%. In terms of performance, year to date, the stock is 10.36%. The monthly stock performance comes in at -2.90%. For the quarter, shares are performing at -19.29%. Weekly performance analysis shows the equity at 1.01%.

In taking a look at technical levels, shares are trading -4.20% away from the 50 day simple moving average and -11.23% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -44.11% away from it’s 52- week high and 83.35% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, American Superconductor Corporation’s RSI stands at 50.33. In looking at volatility levels, the shares saw weekly volatility of 2.10% and 4.38% over the past month.

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