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After finishing at $0.57 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $0.56, down -2.57%. In other words, the price has decreased by -$2.57 from its previous closing price. On the day, 1.12 million shares were traded. AMRN stock price reached its highest trading level at $0.5799 during the session, while it also had its lowest trading level at $0.5548.
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 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:
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 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 230349280 and an Enterprise Value of -67167648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -0.279 whereas that against EBITDA is 1.643.
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 $0.56. The 50-Day Moving Average of the stock is -5.36%, while the 200-Day Moving Average is calculated to be -29.97%.
Shares Statistics:
The stock has traded on average 837.38K shares per day over the past 3-months and 1150120 shares per day over the last 10 days, according to various share statistics. 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 19.08% stake in the company. Shares short for AMRN as of 1728950400 were 18080528 with a Short Ratio of 21.59, compared to 1726185600 on 18231419. Therefore, it implies a Short% of Shares Outstanding of 18080528 and a Short% of Float of 4.4499997.
