Trading Day Review: Amarin Corp ADR (AMRN) Loses Momentum, Closing at 0.57

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The price of Amarin Corp ADR (NASDAQ: AMRN) closed at $0.57 in the last session, down -2.78% from day before closing price of $0.58. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 0.87 million shares were traded. AMRN stock price reached its highest trading level at $0.5948 during the session, while it also had its lowest trading level at $0.567.

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 233133952 and an Enterprise Value of -63809976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at -0.241 whereas that against EBITDA is 2.682.

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 -13.58%, while the 200-Day Moving Average is calculated to be -34.45%.

Shares Statistics:

According to the various share statistics, AMRN traded on average about 1.24M shares per day over the past 3-months and 626110 shares per day over the past 10 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 19.45% stake in the company. Shares short for AMRN as of 1724976000 were 17981072 with a Short Ratio of 14.65, compared to 1722384000 on 18466056. Therefore, it implies a Short% of Shares Outstanding of 17981072 and a Short% of Float of 4.4299997.

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