Technicals Say Amneal Pharmaceuticals Inc. (AMRX) Is A Hold


Amneal Pharmaceuticals Inc. (NYSE:AMRX) traded with an addition of $0.05 to close at $2.02 on Thursday, an upside of 2.54 percent. An average of 892,302 shares of common stock have been traded in the last five days. There was a fall of -$0.1950 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,648,345 shares traded, while the 50-day average volume stands at 1,219,942.

AMRX stock has decreased by -18.60% in the last month. The company shares reached their 1-month lowest point of $1.9700 on 12/29/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $1.95 and a high of $5.11 in 52 weeks. It has reached a new high 3 times so far this year and lost -58.87% or -$2.7750 in price. In spite of this, the price is down -60.47% from the 52-week high.

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Insider Transactions

AMRX stock investors should be aware that Amneal Pharmaceuticals Inc. (AMRX) stock had its last reported insider trading activity 17 days ago on Dec 12.

Valuation Metrics

Amneal Pharmaceuticals Inc. (AMRX) stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.28, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 3.98.

Financial Health

The quick ratio of Amneal Pharmaceuticals Inc. for the three months ended September 29 was 1.10, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 9.10 and a total debt to equity ratio of 9.42 for the quarter ending September 29. Its gross profit as reported stood at $768.97 million compared to revenue of $2.09 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amneal Pharmaceuticals Inc.’s return on assets was -3.40%.

Earnings Surprise

For the three-month period that ended September 29, Amneal Pharmaceuticals Inc. had $2.61 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.69 million in the quarter, while revenues were shrunk -57.62%. The analyst consensus anticipated Amneal Pharmaceuticals Inc.’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.14, a -22.20% surprise. For the quarter, EBITDA amounted to $108.06 million. Shareholders own equity worth $303.59 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amneal Pharmaceuticals Inc. (AMRX) price momentum. RSI 9-day as of the close on 28 December was 34.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.15%.

As of today, AMRX’s price is $2.0830 -8.82% or -$0.1950 from its 5-day moving average. AMRX is currently trading -21.29% lower than its 20-day SMA and -35.62% lower than its 100-day SMA. However, the stock’s current price level is -4.95% below the SMA50 and -49.24% below the SMA200.

The stochastic %K and %D were 16.76% and 19.09%, respectively, and the average true range (ATR) was 0.1137. With the 14-day stochastic at 7.14% and the average true range at 0.1226, the RSI (14) stands at 38.23%. The stock has reached -0.1122 on the 9-day MACD Oscillator while the 14-day reading was at -0.1987.


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