The stock of AMGEN Inc. (NASDAQ: AMGN) has increased by 11.82 when compared to last closing price of 278.39. Despite this, the company has experienced a 15.30% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-05 that “The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are May’s Dogs of the Dow: HD, KO, AMGN, JNJ, CSCO, IBM, CVX, DOW, MMM, and VZ. They now average a 4.17% annual yield, as prices. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated May net-gains ranged 17.6%-38%, topped by INTC 5/1/24.
Is It Worth Investing in AMGEN Inc. (NASDAQ: AMGN) Right Now?
AMGEN Inc. (NASDAQ: AMGN) has a higher price-to-earnings ratio of 44.51x compared to its average ratio. AMGN has 36-month beta value of 0.58. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for AMGN is 534.61M, and currently, short sellers hold a 1.89% ratio of that float. The average trading volume of AMGN on May 06, 2024 was 2.93M shares.
AMGN’s Market Performance
AMGN stock saw an increase of 15.30% in the past week, with a monthly gain of 16.11% and a quarterly increase of -3.68%. The volatility ratio for the week is 2.51%, and the volatility levels for the last 30 days are 1.99% for AMGEN Inc. (AMGN). The simple moving average for the last 20 days is 15.21% for AMGN stock, with a simple moving average of 13.69% for the last 200 days.
Analysts’ Opinion of AMGN
Barclays, on the other hand, stated in their research note that they expect to see AMGN reach a price target of $300, previously predicting the price at $230. The rating they have provided for AMGN stocks is “Equal Weight” according to the report published on May 03rd, 2024.
AMGN Trading at 13.39% from the 50-Day Moving Average
After a stumble in the market that brought AMGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.59% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +15.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.16% upper at present.
During the last 5 trading sessions, AMGN rose by +15.30%, which changed the moving average for the period of 200-days by +34.15% in comparison to the 20-day moving average, which settled at $272.27. In addition, AMGEN Inc. saw 8.08% 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 AMGN starting from Grygiel Nancy A., who sale 2,117 shares at the price of $313.09 back on May 03 ’24. After this action, Grygiel Nancy A. now owns 9,883 shares of AMGEN Inc., valued at $662,802 using the latest closing price.
Grygiel Nancy A., the SVP & CCO of AMGEN Inc., sale 2,096 shares at $273.03 during a trade that took place back on Dec 04 ’23, which means that Grygiel Nancy A. is holding 10,874 shares at $572,276 based on the most recent closing price.
Stock Fundamentals for AMGN
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.66 for the gross margin
The net margin for AMGEN Inc. stands at 0.13. The total capital return value is set at 0.09. Equity return is now at value 72.57, with 4.14 for asset returns.
Based on AMGEN Inc. (AMGN), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 12.75. The interest coverage ratio of the stock is 4.59.
Currently, EBITDA for the company is 14.8 billion with net debt to EBITDA at 5.19. When we switch over and look at the enterprise to sales, we see a ratio of 7.5. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
To put it simply, AMGEN Inc. (AMGN) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
