In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Amarin Corp ADR (NASDAQ: AMRN) was $0.50 for the day, up 4.44% from the previous closing price of $0.48. In other words, the price has increased by $4.44 from its previous closing price. On the day, 2.5 million shares were traded. AMRN stock price reached its highest trading level at $0.53 during the session, while it also had its lowest trading level at $0.4825.
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 2.11 and its Current Ratio is at 3.23. 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 Aug 02 ’24 when Berg Aaron bought 160,000 shares for $0.64 per share. The transaction valued at 102,400 led to the insider holds 805,380 shares of the business.
Holt Patrick bought 14,426 shares of AMRN for $15,724 on Jan 22 ’24. The President and CEO now owns 314,426 shares after completing the transaction at $1.09 per share. On Dec 12 ’23, another insider, Ketchum Steven B, who serves as the Chief Scientific Officer of the company, sold 34,131 shares for $0.79 each. As a result, the insider received 26,963 and left with 566,100 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 207232064 and an Enterprise Value of -89791240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at -0.373 whereas that against EBITDA is 2.197.
Stock Price History:
Over the past 52 weeks, AMRN has reached a high of $1.37, while it has fallen to a 52-week low of $0.46. The 50-Day Moving Average of the stock is -10.03%, while the 200-Day Moving Average is calculated to be -31.36%.
Shares Statistics:
AMRN traded an average of 1.02M shares per day over the past three months and 1305450 shares per day over the past ten days. A total of 411.26M shares are outstanding, with a floating share count of 409.93M. Insiders hold about 0.32% of the company’s shares, while institutions hold 16.62% stake in the company. Shares short for AMRN as of 1731628800 were 17928735 with a Short Ratio of 17.57, compared to 1728950400 on 18080528. Therefore, it implies a Short% of Shares Outstanding of 17928735 and a Short% of Float of 4.4099998000000005.
