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The price of Amarin Corp ADR (NASDAQ: AMRN) closed at $0.79 in the last session, up 1.27% from day before closing price of $0.78. In other words, the price has increased by $1.27 from its previous closing price. On the day, 1.49 million shares were traded. AMRN stock price reached its highest trading level at $0.8042 during the session, while it also had its lowest trading level at $0.7851.
Ratios:
We take a closer look at AMRN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 324545408 and an Enterprise Value of 26480154. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 0.095 whereas that against EBITDA is -1.155.
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 -0.09%, while the 200-Day Moving Average is calculated to be -11.47%.
Shares Statistics:
According to the various share statistics, AMRN traded on average about 1.47M shares per day over the past 3-months and 1407729 shares per day over the past 10 days. A total of 410.74M shares are outstanding, with a floating share count of 409.14M. Insiders hold about 0.39% of the company’s shares, while institutions hold 22.13% stake in the company. Shares short for AMRN as of 1719532800 were 20428818 with a Short Ratio of 13.88, compared to 1717113600 on 15809853. Therefore, it implies a Short% of Shares Outstanding of 20428818 and a Short% of Float of 5.0300002.
