AMGEN Inc. (AMGN) Stock: What the Analysts are Saying

AMGEN Inc. (NASDAQ: AMGN) has a price-to-earnings ratio that is above its average at 45.17x. The stock has a 36-month beta value of 0.58. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 0 as “sell.”

The public float for AMGN is 535.17M, and at present, short sellers hold a 1.70% of that float. On July 10, 2024, the average trading volume of AMGN was 2.50M shares.

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AMGN) stock’s latest price update

The stock of AMGEN Inc. (NASDAQ: AMGN) has increased by 1.43 when compared to last closing price of 311.46.Despite this, the company has seen a gain of 1.58% in its stock price over the last five trading days. marketwatch.com reported 2024-07-09 that You don’t get upset for having homeowner’s insurance but your house doesn’t burn down. The same principle should apply to investors who insure their stock portfolios against a crash.

AMGN’s Market Performance

AMGEN Inc. (AMGN) has seen a 1.58% rise in stock performance for the week, with a 3.34% gain in the past month and a 17.35% surge in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.90% for AMGN. The simple moving average for the last 20 days is 2.47% for AMGN’s stock, with a simple moving average of 10.40% 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 3.91% 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 -4.19% of loss for the given period.

Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.27% upper at present.

During the last 5 trading sessions, AMGN rose by +1.58%, which changed the moving average for the period of 200-days by +16.37% in comparison to the 20-day moving average, which settled at $308.84. In addition, AMGEN Inc. saw 9.68% 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 2.19.

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 7.59. 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 sum up, AMGEN Inc. (AMGN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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