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After finishing at $0.62 in the prior trading day, Amarin Corp ADR (NASDAQ: AMRN) closed at $0.64, up 3.01%. In other words, the price has increased by $3.01 from its previous closing price. On the day, 6.19 million shares were traded. AMRN stock price reached its highest trading level at $0.6845 during the session, while it also had its lowest trading level at $0.6.
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 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:
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 263149440 and an Enterprise Value of -33794484. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at -0.128 whereas that against EBITDA is 1.421.
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 $0.62. The 50-Day Moving Average of the stock is -15.65%, while the 200-Day Moving Average is calculated to be -28.00%.
Shares Statistics:
The stock has traded on average 1.57M shares per day over the past 3-months and 2234290 shares per day over the last 10 days, according to various share statistics. A total of 411.11M shares are outstanding, with a floating share count of 409.32M. Insiders hold about 0.39% of the company’s shares, while institutions hold 22.10% stake in the company. Shares short for AMRN as of 1721001600 were 18931154 with a Short Ratio of 12.05, compared to 1718323200 on 19020869. Therefore, it implies a Short% of Shares Outstanding of 18931154 and a Short% of Float of 4.66.
