In the past week, AMRN stock has gone down by -5.82%, with a monthly decline of -6.57% and a quarterly plunge of -12.11%. The volatility ratio for the week is 4.07%, and the volatility levels for the last 30 days are 5.65% for Amarin Corp ADR The simple moving average for the past 20 days is -7.17% for AMRN’s stock, with a -31.34% simple moving average for the past 200 days.
Is It Worth Investing in Amarin Corp ADR (NASDAQ: AMRN) Right Now?
The 36-month beta value for AMRN is at 1.88. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AMRN is 409.93M, and currently, shorts hold a 4.38% of that float. The average trading volume for AMRN on November 14, 2024 was 838.91K shares.
AMRN) stock’s latest price update
The stock price of Amarin Corp ADR (NASDAQ: AMRN) has plunged by -4.83 when compared to previous closing price of 0.57, but the company has seen a -5.82% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-31 that AMRN’s third-quarter 2024 earnings meet estimates while revenues miss the same. 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 -7.83% 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 -60.44% of loss for the given period.
Volatility was left at 5.65%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares sank -3.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.15% lower at present.
During the last 5 trading sessions, AMRN fell by -4.76%, which changed the moving average for the period of 200-days by -51.50% in comparison to the 20-day moving average, which settled at $0.5841. In addition, Amarin Corp ADR saw -37.70% 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 Berg Aaron, who purchase 160,000 shares at the price of $0.64 back on Aug 02 ’24. After this action, Berg Aaron now owns 805,380 shares of Amarin Corp ADR, valued at $102,400 using the latest closing price.
Holt Patrick, the President and CEO of Amarin Corp ADR, purchase 14,426 shares at $1.09 during a trade that took place back on Jan 22 ’24, which means that Holt Patrick is holding 314,426 shares at $15,724 based on the most recent closing price.
Stock Fundamentals for AMRN
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.56 for the gross margin
The net margin for Amarin Corp ADR stands at -0.16. The total capital return value is set at -0.08. Equity return is now at value -7.31, with -4.99 for asset returns.
Currently, EBITDA for the company is -50.9 million with net debt to EBITDA at 3.84. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 2.15for 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 3.23.
Conclusion
In conclusion, Amarin Corp ADR (AMRN) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
