while the 36-month beta value is 2.11.
The public float for AMRN is 406.74M, and currently, short sellers hold a 3.91% ratio of that floaft. The average trading volume of AMRN on November 16, 2023 was 1.80M shares.
AMRN) stock’s latest price update
Amarin Corp ADR (NASDAQ: AMRN) has seen a decline in its stock price by -0.24 in relation to its previous close of 0.75. However, the company has experienced a -0.74% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-01 that Amarin’s (AMRN) third-quarter 2023 earnings and revenues beat estimates. Vascepa sales in the United States decline year over year.
AMRN’s Market Performance
AMRN’s stock has fallen by -0.74% in the past week, with a monthly drop of -5.64% and a quarterly drop of -27.87%. The volatility ratio for the week is 7.62% while the volatility levels for the last 30 days are 7.21% for Amarin Corp ADR The simple moving average for the last 20 days is 3.11% for AMRN stock, with a simple moving average of -39.60% for the last 200 days.
Analysts’ Opinion of AMRN
Many brokerage firms have already submitted their reports for AMRN stocks, with Jefferies repeating the rating for AMRN by listing it as a “Hold.” The predicted price for AMRN in the upcoming period, according to Jefferies is $1 based on the research report published on October 25, 2023 of the current year 2023.
AMRN Trading at -9.82% 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 -66.36% of loss for the given period.
Volatility was left at 7.21%, however, over the last 30 days, the volatility rate increased by 7.62%, as shares sank -2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.87% lower at present.
During the last 5 trading sessions, AMRN fell by -0.74%, which changed the moving average for the period of 200-days by -59.67% in comparison to the 20-day moving average, which settled at $0.7265. In addition, Amarin Corp ADR saw -38.00% 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 Holt Patrick, who purchase 300,000 shares at the price of $1.04 back on Aug 16. After this action, Holt Patrick now owns 300,000 shares of Amarin Corp ADR, valued at $312,315 using the latest closing price.
Stock Fundamentals for AMRN
Equity return is now at value -9.21, with -6.02 for asset returns.
Conclusion
In a nutshell, Amarin Corp ADR (AMRN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
