AMGEN Inc (NASDAQ: AMGN) has experienced a rise in its stock price by 0.99 compared to its previous closing price of 272.11. However, the company has seen a gain of 1.71% in its stock price over the last five trading days. fool.com reported 2025-01-21 that 2024 was an excellent year for the major stock market indexes. But the Dow Jones Industrial Average (^DJI 0.78%) had just a 12.9% return, compared to 23.3% for the S&P 500 (^GSPC 1.00%) and 28.6% for the Nasdaq Composite.
Is It Worth Investing in AMGEN Inc (NASDAQ: AMGN) Right Now?
The price-to-earnings ratio for AMGEN Inc (NASDAQ: AMGN) is above average at 35.19x. The 36-month beta value for AMGN is also noteworthy at 0.55. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
The public float for AMGN is 536.25M, and at present, short sellers hold a 2.08% of that float. The average trading volume of AMGN on January 22, 2025 was 3.51M shares.
AMGN’s Market Performance
AMGN stock saw an increase of 1.71% in the past week, with a monthly gain of 3.33% and a quarterly increase of -14.48%. The volatility ratio for the week is 2.05%, and the volatility levels for the last 30 days are 1.93% for AMGEN Inc (AMGN). The simple moving average for the last 20 days is 3.92% for AMGN’s stock, with a simple moving average of -9.58% for the last 200 days.
Analysts’ Opinion of AMGN
Many brokerage firms have already submitted their reports for AMGN stocks, with BofA Securities repeating the rating for AMGN by listing it as a “Underperform.” The predicted price for AMGN in the upcoming period, according to BofA Securities is $256 based on the research report published on December 10, 2024 of the previous year 2024.
Citigroup gave a rating of “Neutral” to AMGN, setting the target price at $335 in the report published on November 14th of the previous year.
AMGN Trading at -0.95% 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 -20.77% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +6.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.93% lower at present.
During the last 5 trading sessions, AMGN rose by +1.71%, which changed the moving average for the period of 200-days by +0.14% in comparison to the 20-day moving average, which settled at $264.45. In addition, AMGEN Inc saw 5.44% 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.
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 14.7 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 6.14. 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 summary, AMGEN Inc (AMGN) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others 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.
