Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Amarin Corp ADR’s stock clocked out at $0.88, up 0.24% from its previous closing price of $0.87. In other words, the price has increased by $0.24 from its previous closing price. On the day, 0.58 million shares were traded. AMRN stock price reached its highest trading level at $0.8821 during the session, while it also had its lowest trading level at $0.854.
Ratios:
To gain a deeper understanding of AMRN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 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:
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 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 351988320 and an Enterprise Value of 50107168. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 0.163 whereas that against EBITDA is -3.474.
Stock Price History:
The Beta on a monthly basis for AMRN is 1.99, which has changed by -0.3758865 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -10.44%, while the 200-Day Moving Average is calculated to be -9.37%.
Shares Statistics:
It appears that AMRN traded 1.59M shares on average per day over the past three months and 771750 shares per day over the past ten days. A total of 408.82M shares are outstanding, with a floating share count of 407.25M. Insiders hold about 0.38% of the company’s shares, while institutions hold 23.49% stake in the company. Shares short for AMRN as of 1713139200 were 15840648 with a Short Ratio of 9.99, compared to 1710460800 on 18190681. Therefore, it implies a Short% of Shares Outstanding of 15840648 and a Short% of Float of 3.9600000000000004.
Earnings Estimates
The current market rating for Amarin Corp ADR (AMRN) reflects the collective analysis of 4.0 analysts closely monitoring its performance.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 3.0 analysts recommending between $0.06 and -$0.24.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $57.04M. 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 $81.23MFor the next quarter, 4 analysts are estimating revenue of $54.56M. There is a high estimate of $66.5M for the next quarter, whereas the lowest estimate is $43.8M.
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 $221.74M. In the same quarter a year ago, actual revenue was $306.91MBased on 3 analysts’ estimates, the company’s revenue will be $230.35M in the next fiscal year. The high estimate is $332.7M and the low estimate is $168.7M.
