Understanding Amarin Corp ADR (AMRN) through its ratios

Amarin Corp ADR (NASDAQ: AMRN) closed the day trading at $0.84 down -2.55% from the previous closing price of $0.86. In other words, the price has decreased by -$0.0219 from its previous closing price. On the day, 1088076 shares were traded.

Ratios:

For a better understanding of AMRN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.

On October 25, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $3 to $1.

Jefferies Upgraded its Hold to Buy on January 06, 2023, whereas the target price for the stock was revised from $1.30 to $3.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 22 ’24 when Holt Patrick bought 14,426 shares for $1.09 per share. The transaction valued at 15,724 led to the insider holds 314,426 shares of the business.

Ketchum Steven B sold 34,131 shares of AMRN for $26,963 on Dec 12 ’23. The Chief Scientific Officer now owns 566,100 shares after completing the transaction at $0.79 per share. On Aug 16 ’23, another insider, Holt Patrick, who serves as the President and CEO of the company, bought 300,000 shares for $1.04 each. As a result, the insider paid 312,315 and bolstered with 300,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMRN now has a Market Capitalization of 335.93M and an Enterprise Value of 24.01M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.08 whereas that against EBITDA is -0.47.

Stock Price History:

Over the past 52 weeks, AMRN has reached a high of $1.66, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.1096, while the 200-Day Moving Average is calculated to be 1.0063.

Shares Statistics:

Over the past 3-months, AMRN traded about 2.54M shares per day on average, while over the past 10 days, AMRN traded about 1.67M shares per day. A total of 408.82M shares are outstanding, with a floating share count of 407.04M. Insiders hold about 0.44% of the company’s shares, while institutions hold 23.55% stake in the company. Shares short for AMRN as of Feb 29, 2024 were 16.99M with a Short Ratio of 6.69, compared to 14.4M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.23% and a Short% of Float of 4.25%.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.05, while EPS last year was -$0.04. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.05.

Analysts are recommending an EPS of between -$0.06 and -$0.2 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.13, with 3 analysts recommending between $0.06 and -$0.24.

Revenue Estimates

4 analysts predict $57.3M in revenue for the current quarter. It ranges from a high estimate of $67.2M to a low estimate of $46.6M. As of the current estimate, Amarin Corp ADR’s year-ago sales were $81.23M, an estimated decrease of -29.50% from the year-ago figure.

A total of 4 analysts have provided revenue estimates for AMRN’s current fiscal year. The highest revenue estimate was $267.8M, while the lowest revenue estimate was $185.1M, resulting in an average revenue estimate of $222.51M. In the same quarter a year ago, actual revenue was $306.91M, down -27.50% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $232.19M in the next fiscal year. The high estimate is $332.7M and the low estimate is $168.7M. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.

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