Published on 29 Apr 2024 on Simply Wall St. via Yahoo Finance
Investing in American Superconductor (NASDAQ:AMSC) a year ago would have delivered you a 205% gain
When you buy shares in a company, there is always a risk that the price drops to zero. On the other hand, if you find a high quality business to buy (at the right price) you can more than double your money! For example, the American Superconductor Corporation (NASDAQ:AMSC) share price has soared 205% in the last 1 year. Most would be very happy with that, especially in just one year! Better yet, the share price has risen 4.5% in the last week. But this might be partly because the broader market had a good week last week, gaining 2.0%. Zooming out, the stock is actually down 23% in the last three years.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.