American Resources Corporation (AREC)
NASDAQ: AREC · IEX Real-Time Price · USD
0.740
-0.260 (-26.00%)
At close: Jun 13, 2024, 4:00 PM
0.772
+0.032 (4.31%)
After-hours: Jun 13, 2024, 7:52 PM EDT
American Resources Stock Forecast
AREC's stock price has decreased by -58.43% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 3 analysts with 12-month price forecasts for American Resources stock have an average target of 4.42, with a low estimate of 3.25 and a high estimate of 5.00. The average target predicts an increase of 497.30% from the current stock price of 0.74.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for AREC stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| EF Hutton | EF Hutton | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +575.68% | Jun 3, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $5 | Strong Buy | Maintains | $5 | +575.68% | May 24, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3.5 → $3.25 | Strong Buy | Maintains | $3.5 → $3.25 | +339.19% | Nov 16, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +372.97% | Aug 16, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +372.97% | Jun 29, 2023 |
Financial Forecast
Revenue This Year
114.94M
from 16.74M
Increased by 586.45%
Revenue Next Year
n/a
from 114.94M
EPS This Year
-0.09
from -0.15
EPS Next Year
n/a
from -0.09
Revenue Forecast
| Revenue | 2024 |
|---|---|
| High | 206.7M |
| Avg | 114.9M |
| Low | 27.9M |
Revenue Growth
| Revenue Growth | 2024 |
|---|---|
| High | 1,134.6% |
| Avg | 586.5% |
| Low | 66.8% |
EPS Forecast
| EPS | 2024 |
|---|---|
| High | -0.09 |
| Avg | -0.09 |
| Low | -0.09 |
EPS Growth
| EPS Growth | 2024 |
|---|---|
| High | - |
| Avg | - |
| Low | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.