After finishing at $0.99 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $1.06, up 7.07%. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 3838311 shares were traded.
Ratios:
Our goal is to gain a better understanding of AMRN by taking a closer 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 398.67M and an Enterprise Value of 86.74M. 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 0.28 whereas that against EBITDA is -1.71.
Stock Price History:
The Beta on a monthly basis for AMRN is 1.99, which has changed by -22.63% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. Over the past 52 weeks, AMRN has reached a high of $1.50, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.0704, while the 200-Day Moving Average is calculated to be 0.9869.
Shares Statistics:
The stock has traded on average 2.22M shares per day over the past 3-months and 1.67M shares per day over the last 10 days, according to various share statistics. 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 23.56% stake in the company. Shares short for AMRN as of Mar 15, 2024 were 18.19M with a Short Ratio of 8.18, compared to 16.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.53% and a Short% of Float of 4.55%.
Earnings Estimates
Its stock is currently analyzed by 4 different market 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.
