As of Thursday close, Amarin Corporation plc’s (NASDAQ:AMRN) stock was down -$0.04, moving down -4.47 percent to $0.91. The average number of shares traded per day over the past five days has been 1,328,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0907 fall in that time frame. In the last twenty days, the average volume was 1,618,750, while in the previous 50 days, it was 2,675,196.
Since last month, AMRN stock retreated -14.22%. Shares of the company fell to $0.9093 on 09/21/23, the lowest level in the past month. A 52-week high of $2.23 was reached on 02/08/23 after having rallying from a 52-week low of $0.95. Since the beginning of this year, AMRN’s stock price has dropped by -24.85% or -$0.3007, and marked a new high 11 times. However, the stock has declined by -59.22% since its 52-week high.
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AMRN stock investors should be aware that Amarin Corporation plc (AMRN) stock had its last reported insider trading activity 37 days ago on Aug 16. Holt Patrick, the President and CEO of the company, purchased of 300,000 shares for $1.04 on Aug 16. It resulted in a $312,315 investment by the insider.
Valuation Metrics
The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 0.65.
Financial Health
In the three months ended June 30, Amarin Corporation plc’s quick ratio stood at 1.80, 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 71.20% percent. In the year ended June 30, EBITDA margin amounted to -24.17%, whereas operating margins totaled -16.20%. Based on annual data, AMRN earned $242.48 million in gross profit and brought in $369.19 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 -18.10%. Return on equity (ROE) for the past 12 months was -6.60%.
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 -17.8% to $47.93 million during the quarter, while net income inched up to $80.17 million. While analysts expected Amarin Corporation plc to report -$0.03 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$23.23 million in EBITDA. The liabilities of Amarin Corporation plc were 290.89 million at the end of its most recent quarter ended June 30, and its total debt was $11.39 million. The value of shareholders’ equity is $407.91 million.
Technical Picture
This quick technical analysis looks at Amarin Corporation plc’s (AMRN) price momentum. With a historical volatility rate of 40.35%, the RSI 9-day stood at 26.65% on 21 September.
With respect to its five-day moving average, the current Amarin Corporation plc price is down by -9.07% percent or -$0.0907. At present, AMRN shares trade -14.22% below its 20-day simple moving average and -32.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.07% below its SMA50 and -25.47% below its SMA200.
Stochastic coefficient K was 13.65% and Stochastic coefficient D was 18.07%, while ATR was 0.0426. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 31.03%. As of today, the MACD Oscillator reading stands at -0.0325, while the 14-day reading stands at -0.0487.
Analyst Ratings
Jefferies upgraded its rating on Amarin Corporation plc (NASDAQ: AMRN) to a Buy in a note to investors on January 06, 2023. The analysts firm previously had a Hold rating on the stock.Amarin Corporation plc (AMRN) has been rated Hold by analysts. According to 1 brokerage firm, AMRN is a sell, and 2 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 $2.00, the current consensus forecast for the stock is $1.00 – $5.00. Based on these forecasts, analysts predict Amarin Corporation plc (AMRN) will achieve an average price target of $2.45.
