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
Target Low Average Median High
Price $3.25 $4.13 $5.00 $5.00
Change +127.27% +188.81% +249.65% +249.65%
* 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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 222222
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 222222

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
More Analyst Ratings

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
Year 2018201920202021202220232024
Revenue
31.52M24.48M1.06M7.76M39.47M24.23M116.47M
Revenue Growth
51.41%-22.35%-95.67%631.85%409.00%-38.63%380.78%
EPS
-3.69-2.94-0.35-0.59-0.02-0.04-0.06
EPS Growth
-------
No. Analysts -----43
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20232024
High 30.0M 206.7M
Avg 24.2M 116.5M
Low 18.5M 30.9M

Revenue Growth

Revenue Growth 20232024
High
-23.9%
753.3%
Avg
-38.6%
380.8%
Low
-53.1%
27.4%

EPS Forecast

EPS 20232024
High -0.03 -0.06
Avg -0.04 -0.06
Low -0.05 -0.06

EPS Growth

EPS Growth 20232024
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.