American Well Corp Q3 2024 Earnings Report Preview What To Expect
AMWL Stock | USD 9.31 1.21 14.94% |
About 58% of all American Well's institutional investors are looking to take a long position. The analysis of overall sentiment of trading American Well Corp stock suggests that some investors are interested at this time. American Well's investing sentiment shows overall attitude of investors towards American Well Corp.
American |
American Well Corp is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is 63.27 million, and the earnings
Read at gurufocus.com
American Well Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards American Well can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
American Well Fundamental Analysis
We analyze American Well's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Well based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
American Well is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
American Well Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with American Well stock to make a market-neutral strategy. Peer analysis of American Well could also be used in its relative valuation, which is a method of valuing American Well by comparing valuation metrics with similar companies.
Peers
American Well Related Equities
DOCS | Doximity | 9.83 | ||||
SDGR | Schrodinger | 7.01 | ||||
TXG | 10X Genomics | 6.92 | ||||
DH | Definitive Healthcare | 5.17 | ||||
RCM | R1 RCM | 0.07 | ||||
VEEV | Veeva Systems | 0.03 | ||||
PHR | Phreesia | 0.15 | ||||
GEHC | GE HealthCare | 0.18 | ||||
HCAT | Health Catalyst | 0.23 | ||||
CERT | Certara | 1.09 | ||||
GDRX | Goodrx Holdings | 2.66 | ||||
PGNY | Progyny | 3.05 | ||||
PRVA | Privia Health | 4.23 | ||||
TDOC | Teladoc | 5.41 |
Check out American Well Hype Analysis, American Well Correlation and American Well Performance. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Well. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Well listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (16.61) | Revenue Per Share 17.223 | Quarterly Revenue Growth (0.01) | Return On Assets (0.25) | Return On Equity (0.50) |
The market value of American Well Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Well's value that differs from its market value or its book value, called intrinsic value, which is American Well's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Well's market value can be influenced by many factors that don't directly affect American Well's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Well's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Well is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Well's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.