Currently, Ameresco Inc. [AMRC] is trading at $22.74, up 10.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMRC shares have gain 13.08% over the last week, with a monthly amount glided 11.80%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 19, March 2024, Ameresco and Matchbook Learning Host Groundbreaking Ceremony for State-of-the-Art High School and Vocational Facility. In a post published today on Yahoo Finance, Development of new high school partially funded by U.S. Department of Energy’s $5.3 million Renew America’s Schools Grant for sustainable school infrastructure.
From an analyst’s perspective:
Ameresco Inc. [NYSE: AMRC] stock has seen the most recent analyst activity on March 12, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $34 for it. Previously, Guggenheim downgraded its rating to Neutral on February 29, 2024. On December 15, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $37 on the stock. William Blair downgraded its rating to a Mkt Perform. Oppenheimer downgraded its rating to a Perform. ROTH MKM upgraded its rating to Buy for this stock on October 25, 2023, but kept the price target unchanged to $44. In a note dated October 20, 2023, Exane BNP Paribas initiated an Neutral rating and provided a target price of $43 on this stock.
This stock has fluctuated between a low of $17.55 and a high of $63.19 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $76.75 within the next 12 months. Ameresco Inc. [NYSE: AMRC] shares were valued at $22.74 at the most recent close of the market. An investor can expect a potential return of 237.51% based on the average AMRC price forecast.
Analyzing the AMRC fundamentals
Trailing Twelve Months sales for Ameresco Inc. [NYSE:AMRC] were 1.37B which represents 33.05% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.18 points at the first support level, and at 19.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.71, and for the 2nd resistance point, it is at 24.68.
Ameresco Inc. [AMRC] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.12 and a surprise factor of 21.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.4 per share as compared to estimates of $0.46 per share, a difference of -$0.06 representing a surprise of -13.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ameresco Inc. [NYSE:AMRC] is 1.19. Also, the Quick Ratio is 1.17, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 19.38.
Transactions by insiders
Recent insider trading involved Christakis Peter, Executive Vice President, that happened on Mar 19 ’24 when 108.0 shares were sold. Executive Vice President, Bakas Michael T completed a deal on Mar 19 ’24 to sell 108.0 shares. Meanwhile, EVP and CFO Hole Spencer Doran sold 108.0 shares on Mar 19 ’24.
