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Friday, October 30, 2020

The Unprecedented Rise of American Shared Hospital Services (AMEX:AMS)

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American Shared Hospital Services (AMS) shares are trading at higher $2.07 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $3.58 and the low is $1.16. Over the last 52 weeks, AMS is down -21.48% while the S&P 500 is up 13.13%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AMS reported a profit of $0.91 million. American Shared Hospital Services also saw revenues increase to $3.99 million. In addition, AMS has free cash flow of $6.6 million as of 06-2020. The company’s EBITDA came in at $1.37 million which compares well with its peers.

AMS booked profit margins of -1.40%, its Return on Equity (ROE) is -1.00%, and its Return on Assets is -0.50%. All told, it is clear that, AMS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AMS has a short ratio of 0.06 and outstanding shares of 6.01M.

Company Outlook

AMS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.05. American Shared Hospital Services AMS also noted assets of $53.88 million at the end of the last quarter. Investors should also keep an eye on sector updates as AMS has historically followed its peers on positive news.

All told, American Shared Hospital Services AMS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AMS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

American Shared Hospital Services AMS is now commanding a market cap of 10.26M and a float of 3.46M. AMS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AMS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AMS, either long or short, and we have not been compensated for this article.

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