Expectation to actual valuation: American Superconductor Corporation (NASDAQ: AMSC)
On 21 Feb 2020, American Superconductor Corporation (NASDAQ: AMSC) changed -2.65% to recent value of $8.09. The stock transacted 219902 shares during most recent day however it has an average volume of 262.19K shares. It spotted trading -50.79% off 52-week high price. On the other end, the stock has been noted 32.19% away from the low price over the last 52-weeks.
AMSC (AMSC) recently stated financial results for its third quarter of fiscal year 2019 ended December 31, 2019.
Revenues for the third quarter of fiscal 2019 were $17.9M contrast with $14.1M for the same period of fiscal 2018. The year-over-year increase was a result of higher Grid section revenues versus the year ago period, partially offset by lower ECS shipments to Inox during the period. The higher Grid section revenues are primarily Because of increased D-VAR, SPS and REG revenues versus the year ago period.
AMSC’s net loss for the third quarter of fiscal 2019 was $6.8M, or $0.32 per share, contrast to net income of $17.3M, or $0.85 per share, for the same period of fiscal 2018. The Company’s non-GAAP net loss for the third quarter of fiscal 2019 was $6.7M, or $0.32 per share, contrast with a non-GAAP net loss of $2.3M, or $0.11 per share, in the same period of fiscal 2018. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.
Business Outlook
For the fourth quarter ending March 31, 2020, AMSC expects that its revenues will be in the range of $17M to $20M. The Company’s net loss for the fourth quarter of fiscal 2019 is predictable not to exceed $6.0M, or $0.28 per share. The Company’s non-GAAP net loss (as defined below) is predictable not to exceed $5.0M, or $0.23 per share. The Company expects operating cash flow to be a burn of $2M to $4M in the fourth quarter of fiscal 2019. This guidance does not include any tax payments or other costs related to the final China settlement payment. The Company expects cash, cash equivalents, marketable securities and restricted cash on March 31, 2020, to be no less than $61M.
AMSC has a gross margin of 16.10% and an operating margin of -38.70% while its profit margin remained -32.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 179.50% for this year while earning per share for the next 5-years is expected to reach at 25.00%. The company has 23.16M of outstanding shares and 18.46M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.82% from the mean of 20 days, 7.04% from mean of 50 days SMA and performed -3.84% from mean of 200 days price. Company’s performance for the week was 1.63%, 6.31% for month and YTD performance remained 3.06%.
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