American Shared Hospital Services (AMS) is a company that helps Cancer Treatment Centers, hospitals, and large cancer networks around the world with money and ready-to-use solutions.
Basically, the company works with all the big global companies that make machines and software to treat cancer with Radiation Therapy and Radiosurgery. The company does not favor any company and supports many products. The products such as MR Guided Radiation Therapy Linacs, Advanced Digital Linear Accelerators, Proton Beam Therapy Systems, Brachytherapy systems and suites, and services.
American Shared Hospital Services is a company that provides ready-to-use technology for stereotactic radiosurgery and advanced radiation therapy equipment and services. The company will talk about how much money it made and what it did in the last three months on Monday, November 13th at 4:30 pm in the east and 1:30 pm in the west. The company will also release a press release with the financial results on Monday, November 13th, when the market closes.
Can Earnings Report Boost its Share Price?
The AMS stock has been underperforming compared to its peers, and has been consolidating in a narrow range. Also, the AMS stock is trading at a low valuation compared to its peers and its upcoming earnings for the quarter could demonstrate its resilience and adaptability in the changing market conditions. This could boost investors’ confidence and credibility.
The stock is expected to report strong earnings growth for the quarter, which could boost its share price and attract more investors. Moreover, the AMS investors can participate, at least 10 minutes prior to the start of the call and may ask to join the American Shared Hospital Services call. Also, a simultaneous webcast of the call may be accessed through the Company’s website, for institutional investors as well.
The AMS Stock Price Chart Analyzation
The AMS stock is currently valued at $2.28, experiencing a 1.30% decline. The stock’s trading volume averaged 4.387K shares for the last 10 days, whereas the present volume is 14.777K shares. The AMS stock has a total of 3.997 Million shares in circulation and a market capitalization of $14.236 Million. Moreover, AMS stock has not preformed well this month, as it fell by 15.24% and by 19.97% in the past six months. Also, the year-to-date return of AMS price is negative with a 22.18% decline.
Right now, the price is $2.28. In the long term, it looks like AMS might be making a bullish pattern, which means it could go up. The pattern is called a falling wedge and it could break out.
Now it seems like, The AMS stock is on the verge of a stunning breakout, as it has been building a bullish pattern in the longer trend and might build up strength to blast through the barrier and skyrocket to new levels and climb to new altitudes from the current demand zone.
Therefore to thrust upwards the price needs to gather more buying power in the longer trend. The possible targets are between $2.50 and $2.80. On the contrary, if AMS stock fails to hold its grip and continuously declines below and breaches below $2.00 then it may hit $1.70.
At Press Time, AMS stock is trading below the 20, 50, 100, and 200-EMAs, which are opposing the price as the stock was in a decline for a prolonged period of time.
Nevertheless, if buying volume increases, then the AMS price might support bullish momentum by making higher highs and lows. Hence, the AMS price is expected to move upwards giving a bullish outlook over the daily time frame chart.
Summary
The AMS stock is expected to report strong earnings growth for the quarter, which could boost its share price and attract more investors. Moreover, AMS stock upcoming earnings for the quarter could demonstrate its adaptability and this could boost its confidence and credibility.
In the long term, it looks like AMS might be making a bullish pattern, which means it could go up. Therefore to thrust upwards the price needs to gather more buying power in the longer trend.
Technical Levels
Support Levels: $2.00 and $1.70
Resistance Levels: $2.50 and $2.80
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/09/could-ams-stock-price-breaking-out-earnings-on-november-13th/