Amarin Corp ADR (AMRN) Stock: Evaluating the Annual Growth

In the past week, AMRN stock has gone up by 17.31%, with a monthly decline of -6.60% and a quarterly surge of 13.79%. The volatility ratio for the week is 8.00%, and the volatility levels for the last 30 days are 7.37% for Amarin Corp ADR The simple moving average for the past 20 days is 12.10% for AMRN’s stock, with a 0.15% simple moving average for the past 200 days.

Is It Worth Investing in Amarin Corp ADR (NASDAQ: AMRN) Right Now?

AMRN has 36-month beta value of 2.01. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for AMRN is 407.04M, and currently, short sellers hold a 4.47% ratio of that float. The average trading volume of AMRN on April 03, 2024 was 2.18M shares.

AMRN) stock’s latest price update

Amarin Corp ADR (NASDAQ: AMRN)’s stock price has increased by 12.24 compared to its previous closing price of 0.88. However, the company has seen a 17.31% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-01 that Amarin’s (AMRN) fourth-quarter 2023 earnings and revenues beat estimates. Vascepa’s sales in the United States decline year over year.

Analysts’ Opinion of AMRN

Jefferies, on the other hand, stated in their research note that they expect to see AMRN reach a price target of $1, previously predicting the price at $3. The rating they have provided for AMRN stocks is “Hold” according to the report published on October 25th, 2023.

Jefferies gave a rating of “Buy” to AMRN, setting the target price at $3 in the report published on January 06th of the previous year.

AMRN Trading at -7.77% 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 -34.00% of loss for the given period.

Volatility was left at 7.37%, however, over the last 30 days, the volatility rate increased by 8.00%, as shares surge +7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.71% lower at present.

During the last 5 trading sessions, AMRN rose by +17.31%, which changed the moving average for the period of 200-days by -19.51% in comparison to the 20-day moving average, which settled at $0.8865. In addition, Amarin Corp ADR saw 13.79% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AMRN starting from Holt Patrick, who purchase 14,426 shares at the price of $1.09 back on Jan 22 ’24. After this action, Holt Patrick now owns 314,426 shares of Amarin Corp ADR, valued at $15,724 using the latest closing price.

Ketchum Steven B, the Chief Scientific Officer of Amarin Corp ADR, sale 34,131 shares at $0.79 during a trade that took place back on Dec 12 ’23, which means that Ketchum Steven B is holding 566,100 shares at $26,963 based on the most recent closing price.

Stock Fundamentals for AMRN

Current profitability levels for the company are sitting at:

  • -0.22 for the present operating margin
  • 0.54 for the gross margin

The net margin for Amarin Corp ADR stands at -0.19. The total capital return value is set at -0.12. Equity return is now at value -10.33, with -6.90 for asset returns.

Based on Amarin Corp ADR (AMRN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 8424.89.

Currently, EBITDA for the company is -14.48 million with net debt to EBITDA at 4.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 2.3for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.

Conclusion

To put it simply, Amarin Corp ADR (AMRN) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.

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