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The closing price of Amarin Corp ADR (NASDAQ: AMRN) was $0.57 for the day, down -0.61% from the previous closing price of $0.58. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 1.3 million shares were traded. AMRN stock price reached its highest trading level at $0.5893 during the session, while it also had its lowest trading level at $0.555.
Ratios:
Our analysis of AMRN’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 237862528 and an Enterprise Value of -60520604. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -0.229 whereas that against EBITDA is 2.544.
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 $0.56. The 50-Day Moving Average of the stock is -4.16%, while the 200-Day Moving Average is calculated to be -31.09%.
Shares Statistics:
AMRN traded an average of 1.08M shares per day over the past three months and 703510 shares per day over the past ten days. A total of 411.11M shares are outstanding, with a floating share count of 409.78M. Insiders hold about 0.32% of the company’s shares, while institutions hold 19.40% stake in the company. Shares short for AMRN as of 1727654400 were 17869588 with a Short Ratio of 16.50, compared to 1724976000 on 17981072. Therefore, it implies a Short% of Shares Outstanding of 17869588 and a Short% of Float of 4.3999999999999995.
Earnings Estimates
The market rating of Amarin Corp ADR (AMRN) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.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 -$0.12 and -$0.16 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.18, with 3.0 analysts recommending between -$0.16 and -$0.2.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $51M to a low estimate of $41M. As of the current estimate, Amarin Corp ADR’s year-ago sales were $58.65MFor the next quarter, 3 analysts are estimating revenue of $38.02M. There is a high estimate of $49M 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 $224M, while the lowest revenue estimate was $195.3M, resulting in an average revenue estimate of $206.53M. In the same quarter a year ago, actual revenue was $306.91MBased on 3 analysts’ estimates, the company’s revenue will be $180.04M in the next fiscal year. The high estimate is $208M and the low estimate is $155.2M.
