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The price of Amarin Corp ADR (NASDAQ: AMRN) closed at $0.61 in the last session, down -2.52% from day before closing price of $0.63. In other words, the price has decreased by -$2.52 from its previous closing price. On the day, 1.12 million shares were traded. AMRN stock price reached its highest trading level at $0.63 during the session, while it also had its lowest trading level at $0.605.
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 2.01 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 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.
Holt Patrick bought 14,426 shares of AMRN for $15,724 on Jan 22 ’24. The President and CEO now owns 314,426 shares after completing the transaction at $1.09 per share. On Dec 12 ’23, another insider, Ketchum Steven B, who serves as the Chief Scientific Officer of the company, sold 34,131 shares for $0.79 each. As a result, the insider received 26,963 and left with 566,100 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 251513312 and an Enterprise Value of -45430624. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at -0.172 whereas that against EBITDA is 1.91.
Stock Price History:
Over the past 52 weeks, AMRN has reached a high of $1.37, while it has fallen to a 52-week low of $0.60. The 50-Day Moving Average of the stock is -16.74%, while the 200-Day Moving Average is calculated to be -30.93%.
Shares Statistics:
According to the various share statistics, AMRN traded on average about 1.73M shares per day over the past 3-months and 2932140 shares per day over the past 10 days. A total of 411.11M shares are outstanding, with a floating share count of 409.50M. Insiders hold about 0.39% of the company’s shares, while institutions hold 22.08% stake in the company. Shares short for AMRN as of 1721001600 were 18931154 with a Short Ratio of 10.70, compared to 1718323200 on 19020869. Therefore, it implies a Short% of Shares Outstanding of 18931154 and a Short% of Float of 4.66.
Earnings Estimates
The current rating of Amarin Corp ADR (AMRN) is the result of assessments by 3.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.05 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.13 and -$0.15 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.19, with 3.0 analysts recommending between -$0.18 and -$0.2.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $41.14M. It ranges from a high estimate of $42.2M to a low estimate of $40.21M. As of the current estimate, Amarin Corp ADR’s year-ago sales were $58.65MFor the next quarter, 3 analysts are estimating revenue of $37.82M. There is a high estimate of $41.65M for the next quarter, whereas the lowest estimate is $30.3M.
A total of 3 analysts have provided revenue estimates for AMRN’s current fiscal year. The highest revenue estimate was $207.7M, while the lowest revenue estimate was $195.3M, resulting in an average revenue estimate of $202.96M. In the same quarter a year ago, actual revenue was $306.91MBased on 3 analysts’ estimates, the company’s revenue will be $175.34M in the next fiscal year. The high estimate is $186.41M and the low estimate is $155.2M.
