Exploring NASDAQ:AMSC's high growth characteristics.

Our stock screener has identified AMERICAN SUPERCONDUCTOR CORP (NASDAQ:AMSC) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:AMSC.

Zooming in on the technicals.

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 10 out of 10 to AMSC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMSC is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, AMSC did better than 98% of all other stocks. We also observe that the gains produced by AMSC over the past year are nicely spread over this period.
• AMSC is one of the better performing stocks in the Electrical Equipment industry, it outperforms 97% of 88 stocks in the same industry.
• AMSC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month AMSC has a been trading in the 27.70 - 38.02 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of AMSC

How do we evaluate the setup for NASDAQ:AMSC?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:AMSC currently has a 7 as setup rating:

AMSC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

Looking into the high growth metrics of AMERICAN SUPERCONDUCTOR CORP

• The recent financial report of AMERICAN SUPERCONDUCTOR CORP demonstrates a 245.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• AMERICAN SUPERCONDUCTOR CORP has achieved significant quarter-to-quarter (Q2Q) revenue growth of 60.19%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• With notable 1-year revenue growth of 46.94%, AMERICAN SUPERCONDUCTOR CORP exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The average next Quarter EPS Estimate for AMERICAN SUPERCONDUCTOR CORP has experienced a 81.81% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The quarterly earnings of AMERICAN SUPERCONDUCTOR CORP have shown a 245.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• AMERICAN SUPERCONDUCTOR CORP shows accelerating EPS growth: when comparing the current Q2Q growth of 245.0% to the previous year Q2Q growth of 74.29%, we see the growth rate improving.
• AMERICAN SUPERCONDUCTOR CORP has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• AMERICAN SUPERCONDUCTOR CORP has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• AMERICAN SUPERCONDUCTOR CORP maintains a healthy Debt-to-Equity ratio of 0.0. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• With institutional shareholders at 75.19%, AMERICAN SUPERCONDUCTOR CORP demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• AMERICAN SUPERCONDUCTOR CORP has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of AMERICAN SUPERCONDUCTOR CORP has been consistently solid, with a current 98.42 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. AMERICAN SUPERCONDUCTOR CORP exhibits strong prospects for further price appreciation.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.