The stock of AMGEN Inc (NASDAQ: AMGN) has increased by 0.75 when compared to last closing price of 316.91. Despite this, the company has experienced a 1.04% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-05 that Amgen (AMGN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Is It Worth Investing in AMGEN Inc (NASDAQ: AMGN) Right Now?
AMGEN Inc (NASDAQ: AMGN) has a price-to-earnings ratio of 40.88x that is above its average ratio. Additionally, the 36-month beta value for AMGN is 0.59. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 15 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AMGN is 536.25M and currently, short sellers hold a 1.75% ratio of that float. The average trading volume of AMGN on November 06, 2024 was 1.91M shares.
AMGN’s Market Performance
AMGN stock saw an increase of 1.04% in the past week, with a monthly gain of 0.58% and a quarterly increase of 2.17%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 1.70% for AMGEN Inc (AMGN). The simple moving average for the past 20 days is -0.13% for AMGN’s stock, with a 4.12% simple moving average for the past 200 days.
Analysts’ Opinion of AMGN
Many brokerage firms have already submitted their reports for AMGN stocks, with Bernstein repeating the rating for AMGN by listing it as a “Outperform.” The predicted price for AMGN in the upcoming period, according to Bernstein is $380 based on the research report published on October 17, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see AMGN reach a price target of $333, previously predicting the price at $320. The rating they have provided for AMGN stocks is “Hold” according to the report published on October 14th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to AMGN, setting the target price at $405 in the report published on September 27th of the current year.
AMGN Trading at -1.45% 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 -7.95% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.29% lower at present.
During the last 5 trading sessions, AMGN rose by +1.04%, which changed the moving average for the period of 200-days by +2.94% in comparison to the 20-day moving average, which settled at $319.72. In addition, AMGEN Inc saw 10.86% 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:
- 0.19 for the present operating margin
- 0.6 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 55.72, with 4.66 for asset returns.
Based on AMGEN Inc (AMGN), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 8.02. The interest coverage ratio of the stock is 3.64.
Currently, EBITDA for the company is 14.8 billion with net debt to EBITDA at 4.81. When we switch over and look at the enterprise to sales, we see a ratio of 6.88. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
In conclusion, AMGEN Inc (AMGN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
