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In the latest session, AMGEN Inc (NASDAQ: AMGN) closed at $298.84 down -7.14% from its previous closing price of $321.81. In other words, the price has decreased by -$7.14 from its previous closing price. On the day, 6.63 million shares were traded. AMGN stock price reached its highest trading level at $321.1158 during the session, while it also had its lowest trading level at $293.8017.
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 17.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 8.02 whereas as Long-Term Debt/Eq ratio is at 7.55.
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 October 17, 2024, 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.
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 172983533568 and an Enterprise Value of 212023279616. As of this moment, AMGEN’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.26, and their Forward P/E ratio for the next fiscal year is 14.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.97 while its Price-to-Book (P/B) ratio in mrq is 21.34. Its current Enterprise Value per Revenue stands at 6.517 whereas that against EBITDA is 17.312.
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 $260.52. The 50-Day Moving Average of the stock is -7.40%, while the 200-Day Moving Average is calculated to be -2.61%.
Shares Statistics:
For the past three months, AMGN has traded an average of 1.86M shares per day and 2629820 over the past ten days. A total of 537.53M shares are outstanding, with a floating share count of 536.25M. Insiders hold about 0.24% of the company’s shares, while institutions hold 78.41% stake in the company. Shares short for AMGN as of 1728950400 were 9372122 with a Short Ratio of 4.76, compared to 1726185600 on 8996899. Therefore, it implies a Short% of Shares Outstanding of 9372122 and a Short% of Float of 1.7500000000000002.
Dividends & Splits
According to the company, the forward annual dividend rate for AMGN is 8.88, from 8.88 in the trailing year. Against a Trailing Annual Dividend Yield of 0.027593922The stock’s 5-year Average Dividend Yield is 2.95.
