AMGEN Inc (NASDAQ: AMGN) has a price-to-earnings ratio of 37.64x that is above its average ratio. Additionally, the 36-month beta value for AMGN is 0.56. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 17 rating it as “hold,” and 2 rating it as “sell.”
The public float for AMGN is 536.14M and currently, short sellers hold a 1.65% ratio of that float. The average trading volume of AMGN on November 26, 2024 was 2.20M shares.
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AMGN) stock’s latest price update
AMGEN Inc (NASDAQ: AMGN)’s stock price has gone decline by -0.18 in comparison to its previous close of 294.53, however, the company has experienced a 5.47% increase in its stock price over the last five trading days. zacks.com reported 2024-11-22 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
AMGN’s Market Performance
AMGEN Inc (AMGN) has seen a 5.47% rise in stock performance for the week, with a -7.25% decline in the past month and a -10.07% plunge in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.51% for AMGN. The simple moving average for the last 20 days is -3.65% for AMGN’s stock, with a simple moving average of -3.89% for the last 200 days.
Analysts’ Opinion of AMGN
Citigroup, on the other hand, stated in their research note that they expect to see AMGN reach a price target of $335. The rating they have provided for AMGN stocks is “Neutral” according to the report published on November 14th, 2024.
Bernstein gave a rating of “Outperform” to AMGN, setting the target price at $380 in the report published on October 17th of the current year.
AMGN Trading at -6.87% 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 -15.24% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -7.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.31% lower at present.
During the last 5 trading sessions, AMGN rose by +5.47%, which changed the moving average for the period of 200-days by +0.99% in comparison to the 20-day moving average, which settled at $305.14. In addition, AMGEN Inc saw 2.08% 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:
- 0.19 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 1.89.
Currently, EBITDA for the company is 12.23 billion with net debt to EBITDA at 3.94. When we switch over and look at the enterprise to sales, we see a ratio of 6.46. 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 mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
