Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $0.45 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $0.45, down -0.16%. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 2.16 million shares were traded. AMRN stock price reached its highest trading level at $0.4637 during the session, while it also had its lowest trading level at $0.442.
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.
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 184279424 and an Enterprise Value of -113237520. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at -0.47 whereas that against EBITDA is 2.77.
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 $0.43. The 50-Day Moving Average of the stock is -14.68%, while the 200-Day Moving Average is calculated to be -35.75%.
Shares Statistics:
The stock has traded on average 1.31M shares per day over the past 3-months and 1949150 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 16.62% stake in the company. Shares short for AMRN as of 1734048000 were 18190540 with a Short Ratio of 13.89, compared to 1731628800 on 17928735. Therefore, it implies a Short% of Shares Outstanding of 18190540 and a Short% of Float of 4.4699997.
