Can Amarin Corporation plc (AMRN) Add Value To Your Portfolio?

As of Friday close, Amarin Corporation plc’s (NASDAQ:AMRN) stock was up $0.01, moving up 0.78 percent to $1.29. The average number of shares traded per day over the past five days has been 4,006,360 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0400 fall in that time frame. In the last twenty days, the average volume was 3,057,260, while in the previous 50 days, it was 3,786,360.

Since last month, AMRN stock retreated -17.83%. Shares of the company fell to $1.2301 on 08/05/22, the lowest level in the past month. A 52-week high of $5.97 was reached on 02/10/22 after having rallying from a 52-week low of $1.11. Since the beginning of this year, AMRN’s stock price has dropped by -61.72% or -$2.0800, and marked a new high 5 times. However, the stock has declined by -78.39% since its 52-week high.

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Amarin Corporation plc (AMRN) last reported insider trading activity 54 days ago on Jun 13. WOLD OLSEN PER, the Director of the company, purchased of 55,000 shares for $1.69 on Jun 13. It resulted in a $92,730 investment by the insider. Zakrzewski Joseph S added 2,000 shares at an average price of $3.15 on Dec 15. The insider now owns 196,547 shares following the transaction. On Dec 14, Director Zakrzewski Joseph S bought 10,000 shares at $3.27 apiece. The transaction was valued at $32,689.

Valuation Metrics

The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 0.80.

Financial Health

In the three months ended June 29, Amarin Corporation plc’s quick ratio stood at 1.70, while its current ratio was 2.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.50% percent. In the year ended June 29, operating margins totaled -3.10%. Based on annual data, AMRN earned $461.86 million in gross profit and brought in $583.19 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.00%. Return on equity (ROE) for the past 12 months was -3.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMRN’s revenue fell -63.59% to $94.63 million during the quarter, while net income inched up to $94.44 million. While analysts expected Amarin Corporation plc to report -$0.06 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by -83.30%. During the quarter, the company generated -$62.42 million in EBITDA. The liabilities of Amarin Corporation plc were 393.19 million at the end of its most recent quarter ended June 29, and its total debt was $11.2 million.

Technical Picture

This quick technical analysis looks at Amarin Corporation plc’s (AMRN) price momentum. With a historical volatility rate of 34.72%, the RSI 9-day stood at 39.13% on 05 August.

With respect to its five-day moving average, the current Amarin Corporation plc price is down by -3.01% percent or -$0.0400. At present, AMRN shares trade -20.37% below its 20-day simple moving average and -54.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.53% below its SMA50 and -74.46% below its SMA200.

Stochastic coefficient K was 23.18% and Stochastic coefficient D was 25.44%, while ATR was 0.1015. Given the Stochastic reading of 31.54% for the 14-day period, the RSI (14) reading has been calculated as 39.05%. As of today, the MACD Oscillator reading stands at -0.0322, while the 14-day reading stands at -0.0336.

Analyst Ratings

Amarin Corporation plc downgraded its rating on Amarin Corporation plc (NASDAQ: AMRN) to an Underweight in a note to investors on May 06, 2022. The analysts firm previously had a Neutral rating on the stock.Amarin Corporation plc (AMRN) has been rated Hold by analysts. According to 2 brokerage firms, AMRN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Amarin Corporation plc stock as buy, with 2 recommending it as overweight.

With a median target price of $3.00, the current consensus forecast for the stock is $1.50 – $9.00. Based on these forecasts, analysts predict Amarin Corporation plc (AMRN) will achieve an average price target of $3.57.


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