Balance Sheet Breakdown: Amarin Corp ADR (AMRN)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $0.71 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $0.69, down -2.93%. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 2.02 million shares were traded. AMRN stock price reached its highest trading level at $0.7299 during the session, while it also had its lowest trading level at $0.68.

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 1.93 and its Current Ratio is at 3.07. 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 283581760 and an Enterprise Value of -14483452. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at -0.052 whereas that against EBITDA is 0.632.

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 $0.63. The 50-Day Moving Average of the stock is -19.30%, while the 200-Day Moving Average is calculated to be -24.48%.

Shares Statistics:

The stock has traded on average 1.46M shares per day over the past 3-months and 2421100 shares per day over the last 10 days, according to various share statistics. A total of 410.74M shares are outstanding, with a floating share count of 409.16M. Insiders hold about 0.38% of the company’s shares, while institutions hold 22.03% stake in the company. Shares short for AMRN as of 1715731200 were 16064070 with a Short Ratio of 10.84, compared to 1713139200 on 15840648. Therefore, it implies a Short% of Shares Outstanding of 16064070 and a Short% of Float of 3.9600000000000004.

Earnings Estimates

A comprehensive evaluation of Amarin Corp ADR (AMRN) is underway, with the input of 3.0 analysts contributing to its current rating.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.05, while EPS last year was -$0.04. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.06.

Analysts are recommending an EPS of between -$0.13 and -$0.17 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.14, with 3.0 analysts recommending between -$0.09 and -$0.2.

Revenue Estimates

For the next quarter, 3 analysts are estimating revenue of $46.7M. There is a high estimate of $57.9M for the next quarter, whereas the lowest estimate is $37.9M.

A total of 3 analysts have provided revenue estimates for AMRN’s current fiscal year. The highest revenue estimate was $229.7M, while the lowest revenue estimate was $179.1M, resulting in an average revenue estimate of $202.12M. In the same quarter a year ago, actual revenue was $306.91MBased on 3 analysts’ estimates, the company’s revenue will be $208.52M in the next fiscal year. The high estimate is $279.4M and the low estimate is $156.5M.

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