Amarin Corporation plc (NASDAQ:AMRN) saw a downside of -1.10% to close Monday at $1.80 after subtracting -$0.02 on the day. The 5-day average trading volume is 6,655,140 shares of the company’s common stock. It has gained $2.1000 in the past week and touched a new high 1 time within the past 5 days. An average of 4,819,970 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,957,116.
AMRN’s 1-month performance is 44.00% or $0.5500 on its low of $1.1300 reached on 12/29/22. The company’s shares have touched a 52-week low of $1.04 and high of $3.82, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, AMRN has achieved 48.76% or $0.5900 and has reached a new high 9 times. However, the current price is down -52.82% from the 52-week high price.
AMRN stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.74 while the price-to-book (PB) in the most recent quarter is 1.24.
Amarin Corporation plc’s quick ratio for the period ended September 29 was 1.60, with the current ratio over the same period at 2.40. In terms of profitability, the gross margin trailing 12 months is 73.40%. The firm’s gross profit as reported stood at $461.86 million against revenue of $583.19 million.
For the quarterly period ending September 29 this year, Amarin Corporation plc’s cash and short-term investments amounted to $63.2 million against total debt of $9.92 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -155.84% to -$5.14 million, while revenue of -$69.96 million was -1261.09% off the previous quarter. Analysts expected AMRN to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.01, representing a 83.30% surprise. EBITDA for the quarter stood at more than -$4.37 million. AMRN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 320.48 million, with total debt at $9.92 million. Shareholders hold equity totaling $403.83 million.
Let’s look briefly at Amarin Corporation plc (AMRN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 102.71%.
The stock’s 5-day moving average is $1.8560, reflecting a -13.88% or -$0.2900 change from its current price. AMRN is currently trading +44.00% above its 20-day SMA, +44.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.53% and SMA200 by-50.55%.
Stochastic %K and %D was 68.56% and 71.56% and the average true range (ATR) pointed at 0.1563. The RSI (14) points at 64.26%, while the 14-day stochastic is at 66.33% with the period’s ATR at 0.1398. The stock’s 9-day MACD Oscillator is pointing at -0.0533 and 0.1436 on the 14-day charts.
In the most recent analyst report for Amarin Corporation plc (NASDAQ: AMRN), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for AMRN stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate AMRN as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is AMRN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $9.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Amarin Corporation plc (AMRN) stock is $3.57.