An Amarin Corporation plc (AMRN) SVP and CFO Sells 0.12 million Shares

Amarin Corporation plc (NASDAQ:AMRN) finished Wednesday with a subtraction of -$0.01 to close at $5.17, a downside of -0.19 percent. An average of 1,598,220 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week. The last 20 days have seen an average of 2,382,545 shares traded, while the 50-day average volume stands at 3,508,792.

AMRN stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $4.80 on 10/05/21. With the stock rallying to its 52-week high on 02/03/21, shares of the company touched a low of $3.84 and a high of $9.25 in 52 weeks. In spite of this, the price is down -44.11% from the 52-week high.

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Insider Transactions

63 days have passed since Amarin Corporation plc (AMRN) last reported insider trading activity. Kalb Michael Wayne, who is SVP and CFO, most recently acquired $120,000 shares at $5.25 per share on Aug 12. In this transaction, the insider spent $630,240. Chief Scientific Officer, Ketchum Steven B, disposed of 217,728 shares at a price of $8.06 on Feb 01. The insider now owns more than $1,754,134 worth of shares. Prior to that, Chief Scientific Officer Ketchum Steven B went on to Sale 421,629 shares at $8.01 each on Jan 27. An amount of $3,378,131 was transacted.

Valuation Metrics

Amarin Corporation plc (AMRN) has a trailing price-to-earnings (P/E) ratio of 470.00, which compares with the 34.65 for the broader industry and 32.30 for the sector. In the last five years, Amarin Corporation plc’s PE ratio has ranged between 993.20 and 670.07. The stock’s beta is 2.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.24, the price-to-book (PB) ratio at 3.17.

The quick ratio of Amarin Corporation plc for the three months ended June 29 was 2.00, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 79.30% against a 5-year average of 76.2%. Amarin Corporation plc’s EBITDA margin for the year ending June 29 is -2.87%, while its operating margin for the same period stands at 1.20%. Its gross profit as reported stood at $482.62 million compared to revenue of $614.06 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amarin Corporation plc’s return on assets was 0.40%, compared to -28.0% over the last five years. For the broader industry, ROE averaged -68.79 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Amarin Corporation plc had $181.91 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $154.49 million in the quarter, while revenues of $142.17 million were grew 12.41%. The analyst consensus anticipated Amarin Corporation plc’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.02, a 166.70% surprise. For the quarter, EBITDA amounted to $9.56 million. Shareholders own equity worth $395.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amarin Corporation plc (AMRN) price momentum. RSI 9-day as of the close on 13 October was 54.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.52%.

As of today, AMRN’s price is $5.08 +6.16% or $0.30 from its 5-day moving average. AMRN is currently trading +0.19% higher than its 20-day SMA and +13.38% higher than its 100-day SMA. However, the stock’s current price level is +20.23% above the SMA50 and +4.23% above the SMA200.

The stochastic %K and %D were 47.79% and 39.55%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 51.05% and the average true range at 0.17, the RSI (14) stands at 51.63%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.

Analyst Ratings

Goldman downgraded Amarin Corporation plc (NASDAQ: AMRN) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Amarin Corporation plc (AMRN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AMRN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is AMRN’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $19.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Amarin Corporation plc (AMRN) stock is $10.33.


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