Amarin Corporation plc (AMRN) Decline -0.76% in Day Trading, Closes at $1.30

As of close of business last night, Amarin Corporation plc’s stock clocked out at $1.30, down -0.76% from its previous closing price of $1.31. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1365443 shares were traded. AMRN stock price reached its highest trading level at $1.3750 during the session, while it also had its lowest trading level at $1.3000.

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To gain a deeper understanding of AMRN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 13 when WOLD OLSEN PER bought 55,000 shares for $1.69 per share. The transaction valued at 92,730 led to the insider holds 149,000 shares of the business.

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 572.62M and an Enterprise Value of 273.28M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is -3.05.

Stock Price History:

Over the past 52 weeks, AMRN has reached a high of $2.23, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is 1.3984, while the 200-Day Moving Average is calculated to be 1.4198.

Shares Statistics:

It appears that AMRN traded 3.26M shares on average per day over the past three months and 2.12M shares per day over the past ten days. A total of 406.18M shares are outstanding, with a floating share count of 381.31M. Insiders hold about 0.30% of the company’s shares, while institutions hold 32.70% stake in the company. Shares short for AMRN as of Apr 27, 2023 were 24.07M with a Short Ratio of 24.07M, compared to 22.22M on Mar 30, 2023.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.04, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.05.

Analysts are recommending an EPS of between -$0.17 and -$0.18 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is -$0.14, with 4 analysts recommending between $0.07 and -$0.3.

Revenue Estimates

In the current quarter, 5 analysts expect revenue to total $79.58M. It ranges from a high estimate of $82.25M to a low estimate of $76.4M. As of the current estimate, Amarin Corporation plc’s year-ago sales were $94.44M, an estimated decrease of -15.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $76.64M, a decrease of -13.10% over than the figure of -$15.70% in the same quarter last year. There is a high estimate of $81.5M for the next quarter, whereas the lowest estimate is $74.7M.

A total of 5 analysts have provided revenue estimates for AMRN’s current fiscal year. The highest revenue estimate was $330.22M, while the lowest revenue estimate was $310.1M, resulting in an average revenue estimate of $316.28M. In the same quarter a year ago, actual revenue was $369.19M, down -14.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $327.91M in the next fiscal year. The high estimate is $452.9M and the low estimate is $241.1M. The average revenue growth estimate for next year is up 3.70% from the average revenue estimate for this year.