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The price of AMGEN Inc. (NASDAQ: AMGN) closed at $312.86 in the last session, down -5.46% from day before closing price of $330.92. In other words, the price has decreased by -$5.46 from its previous closing price. On the day, 3.91 million shares were traded. AMGN stock price reached its highest trading level at $329.5 during the session, while it also had its lowest trading level at $312.16.
Ratios:
We take a closer look at AMGN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.67. 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 the company, Wells Fargo on August 07, 2024, Downgraded its rating to Equal Weight and sets its target price to $335 from $320 previously.
Barclays Upgraded its Underweight to Equal Weight on May 03, 2024, whereas the target price for the stock was revised from $230 to $300.
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 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 168108752896 and an Enterprise Value of 221452812288. As of this moment, AMGEN’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.90, and their Forward P/E ratio for the next fiscal year is 14.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.47 while its Price-to-Book (P/B) ratio in mrq is 28.37. Its current Enterprise Value per Revenue stands at 7.159 whereas that against EBITDA is 19.147.
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 -5.08%, while the 200-Day Moving Average is calculated to be 3.47%.
Shares Statistics:
According to the various share statistics, AMGN traded on average about 1.97M shares per day over the past 3-months and 2244850 shares per day over the past 10 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 78.25% stake in the company. Shares short for AMGN as of 1724976000 were 8477354 with a Short Ratio of 4.58, compared to 1722384000 on 9788625. Therefore, it implies a Short% of Shares Outstanding of 8477354 and a Short% of Float of 1.5800001000000001.
Dividends & Splits
The forward annual dividend rate for AMGN is 8.88, which was 8.76 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.026471654The stock’s 5-year Average Dividend Yield is 2.96.
