Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Amarin Corp ADR (NASDAQ: AMRN) was $0.47 for the day, down -12.23% from the previous closing price of $0.53. In other words, the price has decreased by -$12.23 from its previous closing price. On the day, 3.65 million shares were traded.
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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.36.
Stock Price History:
Over the past 52 weeks, AMRN has reached a high of $1.11, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is -15.11%, while the 200-Day Moving Average is calculated to be -24.08%.
Shares Statistics:
A total of 411.26M shares are outstanding, with a floating share count of 409.54M. Insiders hold about 0.42% of the company’s shares, while institutions hold 17.78% stake in the company.
