In the past week, AMRN stock has gone down by -8.46%, with a monthly decline of -5.56% and a quarterly plunge of -32.77%. The volatility ratio for the week is 6.21%, and the volatility levels for the last 30 days are 6.39% for Amarin Corporation plc. The simple moving average for the past 20 days is -9.09% for AMRN’s stock, with a -16.13% simple moving average for the past 200 days.
Is It Worth Investing in Amarin Corporation plc (NASDAQ: AMRN) Right Now?
The 36-month beta value for AMRN is also noteworthy at 1.78. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
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The average price estimated by analysts for AMRN is $2.70, which is $0.93 above than the current price. The public float for AMRN is 381.31M, and at present, short sellers hold a 5.50% of that float. The average trading volume of AMRN on May 26, 2023 was 3.21M shares.
AMRN) stock’s latest price update
Amarin Corporation plc (NASDAQ: AMRN)’s stock price has gone decline by -4.80 in comparison to its previous close of 1.25, however, the company has experienced a -8.46% decrease in its stock price over the last five trading days.
AMRN Trading at -14.50% 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 -46.64% of loss for the given period.
Volatility was left at 6.39%, however, over the last 30 days, the volatility rate increased by 6.21%, as shares sank -6.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.71% lower at present.
During the last 5 trading sessions, AMRN fell by -8.46%, which changed the moving average for the period of 200-days by -15.60% in comparison to the 20-day moving average, which settled at $1.3050. In addition, Amarin Corporation plc saw -1.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMRN starting from WOLD OLSEN PER, who purchase 55,000 shares at the price of $1.69 back on Jun 13. After this action, WOLD OLSEN PER now owns 149,000 shares of Amarin Corporation plc, valued at $92,730 using the latest closing price.
Stock Fundamentals for AMRN
Current profitability levels for the company are sitting at:
- -25.01 for the present operating margin
- +64.84 for the gross margin
The net margin for Amarin Corporation plc stands at -28.66. The total capital return value is set at -14.28, while invested capital returns managed to touch -16.51. Equity return is now at value -15.50, with -10.00 for asset returns.
Based on Amarin Corporation plc (AMRN), the company’s capital structure generated 3.37 points at debt to equity in total, while total debt to capital is 3.26. Total debt to assets is 2.26, with long-term debt to equity ratio resting at 1.68. Finally, the long-term debt to capital ratio is 1.63.
When we switch over and look at the enterprise to sales, we see a ratio of 0.61, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 2.50 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
In summary, Amarin Corporation plc (AMRN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
