Amarin Corporation plc (NASDAQ:AMRN) saw a downside of -2.54% to $1.15 after subtracting -$0.03 on Monday. The 5-day average trading volume is 1,630,378 shares of the company’s common stock. It has gained $1.2200 in the past week and touched a new high 1 time within the past 5 days. An average of 3,560,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,500,094.
AMRN’s 1-month performance is 0.88% or $0.0200 on its low of $1.0800 reached on 07/20/23. The company’s shares have touched a 52-week low of $1.04 and high of $2.23, with the stock’s rally to the 52-week high happening on 02/08/23. YTD, AMRN has lost -4.96% or -$0.0500 and has reached a new high 11 times. However, the current price is down -48.43% from the 52-week high price.
Valuation Metrics
AMRN stock has a beta of 1.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.30 while the price-to-book (PB) in the most recent quarter is 0.82.
Amarin Corporation plc’s quick ratio for the recent period was 1.80, with the current ratio over the same period at 2.60. In terms of profitability, the gross margin trailing 12 months is 71.20%. The trailing 12-month EBITDA margin is -24.17%. The firm’s gross profit as reported stood at $242.48 million against revenue of $369.19 million.
Earnings Surprise
Amarin Corporation plc’s cash and short-term investments amounted to $79.92 million against total debt of $11.39 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -298.41% to -$17.56 million, while revenue of -$16.46 million was 6.26% off the previous quarter. EBITDA for the quarter stood at more than -$23.23 million. AMRN stock balance sheet for the recent quarter shows that total liabilities totaled 290.89 million, with total debt at $11.39 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 04 August was 45.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.39%.
The stock’s 5-day moving average is $1.1820, reflecting a -3.33% or -$0.0400 change from its current price. AMRN is currently trading -0.85% above its 20-day SMA, -26.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.20% and SMA200 by-0.85%.
Stochastic %K and %D was 30.62% and 28.04% and the average true range (ATR) pointed at 0.0612. The RSI (14) points at 47.03%, while the 14-day stochastic is at 40.00% with the period’s ATR at 0.0652. The stock’s 9-day MACD Oscillator is pointing at 0.0033 and 0.0217 on the 14-day charts.
Analyst Ratings
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, 1 brokerage advisors rate AMRN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $1.00 and a high of $5.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Amarin Corporation plc (AMRN) stock is $2.45.
