American Resources Corporation (AREC)
NASDAQ: AREC · IEX Real-Time Price · USD
0.713
-0.032 (-4.23%)
At close: Jul 2, 2024, 4:00 PM
0.714
+0.001 (0.14%)
After-hours: Jul 2, 2024, 7:50 PM EDT
American Resources Stock Forecast
AREC's stock price has decreased by -65.05% 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 519.92% from the current stock price of 0.71.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 3, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 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 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| EF Hutton | EF Hutton | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +601.26% | Jun 3, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $5 | Strong Buy | Maintains | $5 | +601.26% | May 24, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3.5 → $3.25 | Strong Buy | Maintains | $3.5 → $3.25 | +355.82% | Nov 16, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +390.88% | Aug 16, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +390.88% | Jun 29, 2023 |
Financial Forecast
Revenue This Year
21.47M
from 16.74M
Increased by 28.23%
Revenue Next Year
136.68M
from 21.47M
Increased by 536.58%
EPS This Year
-0.25
from -0.15
EPS Next Year
0.21
from -0.25
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 30.2M | 178.8M | 354.1M |
| Avg | 21.5M | 136.7M | 343.9M |
| Low | 13.0M | 95.7M | 330.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 80.6% | 732.8% | 159.0% |
| Avg | 28.2% | 536.6% | 151.6% |
| Low | -22.2% | 345.9% | 141.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.14 | 0.23 | 1.35 |
| Avg | -0.25 | 0.21 | 1.32 |
| Low | -0.35 | 0.19 | 1.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 547.8% |
| Avg | - | - | 529.3% |
| Low | - | - | 504.6% |
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.