A Guide To The Risks Of Investing In American Resources Corporation (AREC)

American Resources Corporation’s recently made public that its Chief Financial Officer Taylor Kirk Patrick acquired Company’s shares for reported $2175.0 on Jun 15. In the deal valued at $1.74 per share,1,250 shares were bought. As a result of this transaction, Taylor Kirk Patrick now holds 1,624,883 shares worth roughly $ 2.21 million.

Then, Taylor Kirk Patrick bought 1,250 shares, generating $1,961 in total proceeds. Upon buying the shares at $1.57, the Chief Financial Officer now owns 1,623,633 shares.

Before that, Jensen Mark C. bought 5,000 shares. American Resources Corporation shares valued at $7,746 were divested by the Chief Executive Officer at a price of $1.55 per share. As a result of the transaction, Jensen Mark C. now holds 5,199,896 shares, worth roughly $7.07 million.

Price Performance Review of AREC

On Friday, American Resources Corporation [NASDAQ:AREC] saw its stock jump 3.03% to $1.36. On the same session, the stock had its day’s lowest price of $1.35, but rose to a high of $1.37. Over the last five days, the stock has gained 4.62%. American Resources Corporation shares have risen nearly 3.03% since the year began. Nevertheless, the stocks have fallen -59.04% over the past one year. While a 52-week high of $3.56 was reached on 06/20/23, a 52-week low of $1.04 was recorded on 05/01/23. SMA at 50 days reached $1.7471, while 200 days put it at $1.5418. A total of 0.14 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For AREC Stock

The 24-hour chart illustrates a support level at 1.3500, which if violated will result in even more drops to 1.3400. On the upside, there is a resistance level at 1.3700. A further resistance level may holdings at 1.3800. The Relative Strength Index (RSI) on the 14-day chart is 39.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0269, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.17%. Stochastics %K at 13.12% indicates the stock is a buying.

How much short interest is there in American Resources Corporation?

A steep rise in short interest was recorded in American Resources Corporation stocks on Aug 14, 2023, dropping by 90000.0 shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.15 million shares. There was a decline of -2.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 18.64.

American Resources Corporation [AREC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,544,278 shares, or roughly 3.25% of the outstanding AREC shares. Additionally, Essex Investment Management Co. L increased 13.37% of its stake after which the total value it holdings stand at $2,059,142, while BlackRock Fund Advisors added 4.18% of its stake to hold $1.76 million in the firm. Over the last quarter, Janney Montgomery Scott LLC sold -71,630 shares of American Resources Corporation, while Bridgeway Capital Management LLC sold 47,900 shares. At present, Geode Capital Management LLC is holding 639,376 shares valued at $1.23 million. Susquehanna Financial Group LLLP owned 525,484 shares of the company at the time of its most recent 13F filing, worth $1.01 million.

According to FactSet, American Resources Corporation’s share price will average $4.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 221.97 percent from its previous closing price of $1.32. Analysts expect American Resources Corporation stock to reach the higher price of $5.00, while the lowest price estimate is $3.50. However, 2 analysts have rated AREC stock as a Buy in their predictions for 2023.