Amarin Corporation plc (NASDAQ:AMRN) went up by 3.71% from its latest closing price compared to the recent 1-year high of $21.82. The company’s stock price has collected 20.04% of gains in the last five trading sessions. Press Release reported on 01/07/21 that Amarin Provides Preliminary 2020 Results and 2021 Outlook
Is It Worth Investing in Amarin Corporation plc (NASDAQ :AMRN) Right Now?
Plus, the 36-month beta value for AMRN is at 2.48. Opinions of the stock are interesting as 7 analysts out of 11 who provided ratings for Amarin Corporation plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $9.90, which is $4.13 above the current price. AMRN currently public float of 378.92M and currently shorts hold a 6.44% ratio of that float. Today, the average trading volume of AMRN was 7.19M shares.
AMRN’s Market Performance
AMRN stocks went up by 20.04% for the week, with a monthly jump of 24.36% and a quarterly performance of 11.17%, while its annual performance rate touched -70.64%. The volatility ratio for the week stands at 6.66% while the volatility levels for the past 30 days are set at 6.97% for Amarin Corporation plc. The simple moving average for the period of the last 20 days is 16.24% for AMRN stocks with a simple moving average of -2.44% for the last 200 days.
Analysts’ Opinion of AMRN
Piper Sandler, on the other hand, stated in their research note that they expect to see AMRN reach a price target of $21. The rating they have provided for AMRN stocks is “Overweight” according to the report published on August 26th, 2020.
Northland Capital gave a rating of “Outperform” to AMRN, setting the target price at $15 in the report published on May 05th of the previous year.
AMRN Trading at 22.25% from the 50-Day Moving Average
After a stumble in the market that brought AMRN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.10% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares surge +27.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.53% upper at present.
During the last 5 trading sessions, AMRN rose by +20.04%, which changed the moving average for the period of 200-days by -52.58% in comparison to the 20-day moving average, which settled at $5.11. In addition, Amarin Corporation plc saw 20.04% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at AMRN starting from STACK DAVID M, who purchase 25,000 shares at the price of $4.86 back on Nov 30. After this action, STACK DAVID M now owns 25,000 shares of Amarin Corporation plc, valued at $121,518 using the latest closing price.
THERO JOHN F, the President and CEO of Amarin Corporation plc, sale 413,565 shares at $4.07 during a trade that took place back on Nov 11, which means that THERO JOHN F is holding 2,739,000 shares at $1,681,183 based on the most recent closing price.
Stock Fundamentals for AMRN
Current profitability levels for the company are sitting at:
- -5.65 for the present operating margin
- +77.46 for the gross margin
The net margin for Amarin Corporation plc stands at -5.27. The total capital return value is set at -5.41, while invested capital returns managed to touch -5.57. Equity return is now at value -2.70, with -1.70 for asset returns.
Based on Amarin Corporation plc (AMRN), the company’s capital structure generated 9.85 points at debt to equity in total, while total debt to capital is 8.97. Total debt to assets is 6.79, with long-term debt to equity ratio resting at 1.61. Finally, the long-term debt to capital ratio is 1.41.
When we switch over and look at the enterprise to sales, we see a ratio of 3.59, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 4.72 and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.