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After finishing at $0.86 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $0.87, up 0.74%. In other words, the price has increased by $0.74 from its previous closing price. On the day, 0.74 million shares were traded. AMRN stock price reached its highest trading level at $0.8848 during the session, while it also had its lowest trading level at $0.86.
Ratios:
Our goal is to gain a better understanding of AMRN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 2.80. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 347453024 and an Enterprise Value of 42838276. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.14 whereas that against EBITDA is -2.97.
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 $0.65. The 50-Day Moving Average of the stock is -14.40%, while the 200-Day Moving Average is calculated to be -11.25%.
Shares Statistics:
The stock has traded on average 1.74M shares per day over the past 3-months and 866910 shares per day over the last 10 days, according to various share statistics. A total of 408.82M shares are outstanding, with a floating share count of 407.25M. Insiders hold about 0.38% of the company’s shares, while institutions hold 23.53% stake in the company. Shares short for AMRN as of 1711584000 were 18020026 with a Short Ratio of 10.38, compared to 1709164800 on 16992110. Therefore, it implies a Short% of Shares Outstanding of 18020026 and a Short% of Float of 4.5100003.
Earnings Estimates
Amarin Corp ADR (AMRN) is currently under the scrutiny of Amazon.com, Inc. analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $271.91, with high estimates of $89.49 and low estimates of $0.87.
