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In the latest session, AMGEN Inc. (NASDAQ: AMGN) closed at $321.33 down -0.09% from its previous closing price of $321.63. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.57 million shares were traded. AMGN stock price reached its highest trading level at $325.92 during the session, while it also had its lowest trading level at $320.5.
Ratios:
For a deeper understanding of AMGEN Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 10.57 whereas as Long-Term Debt/Eq ratio is at 9.64.
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 this company, Bernstein on Oct-18-24, initiated with a Outperform rating and assigned the stock a target price of $380.
On October 14, 2024, Truist Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $320 to $333.
On September 27, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $405.Cantor Fitzgerald initiated its Overweight rating on September 27, 2024, with a $405 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 03 ’24 when Grygiel Nancy A. sold 2,117 shares for $313.09 per share. The transaction valued at 662,802 led to the insider holds 9,883 shares of the business.
Grygiel Nancy A. sold 2,096 shares of AMGN for $572,276 on Dec 04 ’23. The SVP & CCO now owns 10,874 shares after completing the transaction at $273.03 per share. On Nov 08 ’23, another insider, Graham Jonathan P, who serves as the EVP, Gen. Counsel & Secy. of the company, sold 10,000 shares for $272.81 each. As a result, the insider received 2,728,136 and left with 28,078 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 172659933184 and an Enterprise Value of 226003992576. As of this moment, AMGEN’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.36, and their Forward P/E ratio for the next fiscal year is 15.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62 while its Price-to-Book (P/B) ratio in mrq is 29.13. Its current Enterprise Value per Revenue stands at 7.306 whereas that against EBITDA is 19.54.
Stock Price History:
Over the past 52 weeks, AMGN has reached a high of $346.85, while it has fallen to a 52-week low of $249.70. The 50-Day Moving Average of the stock is -1.40%, while the 200-Day Moving Average is calculated to be 5.06%.
Shares Statistics:
For the past three months, AMGN has traded an average of 1.94M shares per day and 1536610 over the past ten days. A total of 537.33M shares are outstanding, with a floating share count of 536.01M. Insiders hold about 0.24% of the company’s shares, while institutions hold 78.20% stake in the company. Shares short for AMGN as of 1727654400 were 9813815 with a Short Ratio of 5.05, compared to 1724976000 on 8477354. Therefore, it implies a Short% of Shares Outstanding of 9813815 and a Short% of Float of 1.83.
Dividends & Splits
According to the company, the forward annual dividend rate for AMGN is 8.88, from 8.76 in the trailing year. Against a Trailing Annual Dividend Yield of 0.027236266The stock’s 5-year Average Dividend Yield is 2.95.
