The closing price of Amarin Corp ADR (NASDAQ: AMRN) was $1.06 for the day, down -0.93% from the previous closing price of $1.07. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 930039 shares were traded.
Ratios:
Our analysis of AMRN’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 425.44M and an Enterprise Value of 113.51M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is -2.24.
Stock Price History:
Over the past 52 weeks, AMRN has reached a high of $1.49, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.0564, while the 200-Day Moving Average is calculated to be 0.9845.
Shares Statistics:
AMRN traded an average of 2.26M shares per day over the past three months and 1.74M shares per day over the past ten days. 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 Mar 28, 2024 were 18.02M with a Short Ratio of 8.06, compared to 16.99M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.49% and a Short% of Float of 4.51%.
Earnings Estimates
The firm’s stock currently is rated by 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
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. 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.
