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Amarin Corp ADR (NASDAQ: AMRN) closed the day trading at $0.47 down -7.00% from the previous closing price of $0.50. In other words, the price has decreased by -$7.00 from its previous closing price. On the day, 2.61 million shares were traded. AMRN stock price reached its highest trading level at $0.5045 during the session, while it also had its lowest trading level at $0.4565.
Ratios:
For a better understanding of AMRN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 3.23. 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 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 191272160 and an Enterprise Value of -106244768. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at -0.441 whereas that against EBITDA is 2.599.
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 $0.50. The 50-Day Moving Average of the stock is -20.23%, while the 200-Day Moving Average is calculated to be -40.55%.
Shares Statistics:
Over the past 3-months, AMRN traded about 870.65K shares per day on average, while over the past 10 days, AMRN traded about 1207040 shares per day. A total of 411.26M shares are outstanding, with a floating share count of 409.93M. Insiders hold about 0.32% of the company’s shares, while institutions hold 16.61% stake in the company. Shares short for AMRN as of 1730332800 were 17948018 with a Short Ratio of 20.61, compared to 1727654400 on 17869588. Therefore, it implies a Short% of Shares Outstanding of 17948018 and a Short% of Float of 4.42.
