American Resources Corporation (AREC)
NASDAQ: AREC · IEX Real-Time Price · USD
1.430
-0.020 (-1.38%)
Mar 28, 2024, 3:42 PM EDT - Market open
American Resources Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for American Resources stock have an average target of 4.13, with a low estimate of 3.25 and a high estimate of 5.00. The average target predicts an increase of 188.81% from the current stock price of 1.43.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 16, 2023.
Analyst Ratings
The average analyst rating for AREC stock from 2 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
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 | 2 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3.5 → $3.25 | Strong Buy | Maintains | $3.5 → $3.25 | +127.27% | Nov 16, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +144.76% | Aug 16, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +144.76% | Jun 29, 2023 |
Roth MKM | Roth MKM | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +249.65% | Jun 28, 2023 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4 → $3.5 | Strong Buy | Maintains | $4 → $3.5 | +144.76% | May 17, 2023 |
Financial Forecast
Revenue This Year
24.23M
from 39.47M
Decreased by -38.63%
Revenue Next Year
116.47M
from 24.23M
Increased by 380.78%
EPS This Year
-0.04
from -0.02
EPS Next Year
-0.06
from -0.04
Revenue Forecast
Revenue | 2023 | 2024 |
---|---|---|
High | 30.0M | 206.7M |
Avg | 24.2M | 116.5M |
Low | 18.5M | 30.9M |
Revenue Growth
Revenue Growth | 2023 | 2024 |
---|---|---|
High | -23.9% | 753.3% |
Avg | -38.6% | 380.8% |
Low | -53.1% | 27.4% |
EPS Forecast
EPS | 2023 | 2024 |
---|---|---|
High | -0.03 | -0.06 |
Avg | -0.04 | -0.06 |
Low | -0.05 | -0.06 |
EPS Growth
EPS Growth | 2023 | 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.