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Why AMERICAN SUPERCONDUCTOR CORP (NASDAQ:AMSC) qualifies as a high growth stock.

By Mill Chart

Last update: Jan 22, 2025

Our stock screener has spotted AMERICAN SUPERCONDUCTOR CORP (NASDAQ:AMSC) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:AMSC.


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What is the technical picture of NASDAQ:AMSC telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall AMSC gets a technical rating of 8 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • AMSC is one of the better performing stocks in the Electrical Equipment industry, it outperforms 85% of 93 stocks in the same industry.
  • Looking at the yearly performance, AMSC did better than 94% of all other stocks. On top of that, AMSC also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 7 months ago.
  • AMSC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMSC is lagging the market.
  • In the last month AMSC has a been trading in the 23.17 - 30.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of AMSC contains the most current technical analsysis.

Looking at the Setup

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:AMSC currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

AMSC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.12, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NASDAQ:AMSC highlighted

  • AMERICAN SUPERCONDUCTOR CORP has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 245.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
  • The quarter-to-quarter (Q2Q) revenue growth of 60.19% of AMERICAN SUPERCONDUCTOR CORP has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
  • AMERICAN SUPERCONDUCTOR CORP has achieved significant 1-year revenue growth of 46.94%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
  • The average next Quarter EPS Estimate by analysts was adjusted by 81.81%, reflecting the evolving market expectations for the company's EPS growth.
  • 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 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.
  • The operating margin of AMERICAN SUPERCONDUCTOR CORP has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
  • 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.
  • With a current Debt-to-Equity ratio at 0.0, AMERICAN SUPERCONDUCTOR CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
  • AMERICAN SUPERCONDUCTOR CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 73.09%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
  • With a track record of beating EPS estimates in the last 4 quarters, AMERICAN SUPERCONDUCTOR CORP showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
  • The Relative Strength (RS) of AMERICAN SUPERCONDUCTOR CORP has been consistently solid, with a current 94.48 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

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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AMERICAN SUPERCONDUCTOR CORP

NASDAQ:AMSC (1/29/2025, 8:03:47 PM)

After market: 26.15 +0.05 (+0.19%)

26.1

-0.09 (-0.34%)

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