AMGEN Inc. (NASDAQ: AMGN) closed the day trading at $273.83 down -1.31% from the previous closing price of $277.46. In other words, the price has decreased by -$3.63 from its previous closing price. On the day, 5830375 shares were traded. AMGN stock price reached its highest trading level at $279.83 during the session, while it also had its lowest trading level at $273.43.
Ratios:
For a better understanding of AMGN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 10.50 whereas as Long-Term Debt/Eq ratio is at 10.25.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Leerink Partners on February 07, 2024, Downgraded its rating to Market Perform and sets its target price to $318 from $324 previously.
On December 21, 2023, Daiwa Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $264 to $320.
BMO Capital Markets Upgraded its Market Perform to Outperform on December 19, 2023, whereas the target price for the stock was revised from $286 to $326.
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 Dec 04 when Grygiel Nancy A. sold 2,096 shares for $273.03 per share. The transaction valued at 572,276 led to the insider holds 10,874 shares of the business.
Graham Jonathan P sold 10,000 shares of AMGN for $2,728,136 on Nov 08. The EVP, Gen. Counsel & Secy. now owns 28,078 shares after completing the transaction at $272.81 per share. On Sep 19, another insider, AMGEN INC, who serves as the 10% Owner of the company, bought 1,764,705 shares for $17.00 each. As a result, the insider paid 29,999,985 and bolstered with 35,368,653 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, AMGN now has a Market Capitalization of 146.75B and an Enterprise Value of 200.42B. As of this moment, AMGEN’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.93, and their Forward P/E ratio for the next fiscal year is 12.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.24 while its Price-to-Book (P/B) ratio in mrq is 23.53. Its current Enterprise Value per Revenue stands at 7.11 whereas that against EBITDA is 13.54.
Stock Price History:
Over the past 52 weeks, AMGN has reached a high of $329.72, while it has fallen to a 52-week low of $211.71. The 50-Day Moving Average of the stock is 297.21, while the 200-Day Moving Average is calculated to be 262.62.
Shares Statistics:
Over the past 3-months, AMGN traded about 2.82M shares per day on average, while over the past 10 days, AMGN traded about 2.87M shares per day. A total of 535.40M shares are outstanding, with a floating share count of 534.69M. Insiders hold about 0.23% of the company’s shares, while institutions hold 78.15% stake in the company. Shares short for AMGN as of Feb 15, 2024 were 11.09M with a Short Ratio of 3.94, compared to 8.84M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.07% and a Short% of Float of 2.07%.
Dividends & Splits
AMGN’s forward annual dividend rate is 8.64, up from 8.52 a year ago. Against a Trailing Annual Dividend Yield of 3.07%, it implies a Forward Annual Dividend Yield of 3.29%. The stock’s 5-year Average Dividend Yield is 2.97. The current Payout Ratio is 68.24% for AMGN, which recently paid a dividend on Mar 07, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Nov 22, 1999 when the company split stock in a 2:1 ratio.
