Kynam Capital Management LP has recently announced that it has increased stake in Amarin Corp ADR (NASDAQ:AMRN) by 0.19%. After grabbing 12.02 million shares, the institutional investor is now in possession of 22957.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 2.95% having worth around $8.37 million. Moreover, Sarissa Capital Management LP increased its share by 5.53 million to have a control over 10.44 million shares. And DG Capital Management LLC raised its holdings to 0.25 million shares by acquiring 5.72 million shares or 1.40% of the stake.
Amarin Corp ADR (AMRN) concluded trading on 12/06/23 at a closing price of $0.80, with 5.26 million shares of worth about $4.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.19% during that period and on Wednesday the price saw a gain of about 11.67%. Currently the company’s common shares owned by public are about 408.55M shares, out of which, 406.74M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the AMRN stock and their offered price forecasts bring an average price target of $1.42. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $1.00. The stock’s current price level is 43.66% above of average price target set by the analysts, while a rise to estimated low would result in gain of 20.0% for the stock. However, touching the estimated high of $2.00 would mean a gain of 60.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 518,662 shares in 10 of the transactions. In 11 selling transactions, insiders dumped 219,698 shares.
13D Activist Fund, PSM Value Strategy UI, and ClearBridge Small Cap Value Fund are the top 3 mutual funds which are holding stakes in Amarin Corp ADR 13D Activist Fund is currently holding 3.81 million shares of worth totaling $2.65 million. The company recently came selling 50000.0 shares which brought its stake up to 0.93% of the company’s outstanding shares. ClearBridge Small Cap Value Fund, after buying 0.53 million shares, have now control over 0.13% of the stake in the company. It holds 0.0 shares of worth $0.37 million.
Amarin Corp ADR (NASDAQ: AMRN) started trading at $0.7378, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 0.8447, or with a gain of 11.67%. Stock saw a price change of 7.20% in past 5 days and over the past one month there was a price change of 3.72%. Year-to-date (YTD), AMRN shares are showing a performance of -33.55% which decreased to -31.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.65 but also hit the highest price of $2.23 during that period. The average intraday trading volume for Amarin Corp ADR shares is 1.60 million. The stock is currently trading 6.33% above its 20-day simple moving average (SMA20), while that difference is up 4.29% for SMA50 and it goes to -30.67% lower than SMA200.
Kynam Capital Management LP acquired 12.02 million shares of Amarin Corp ADR having value of about $8.37 million. Data submitted at the U.S SEC by Kynam Capital Management LP revealed that the firm now holds 22957.0 shares in the company valued at close to $18365.6, or have control over 0.19% stake in the company. Amarin Corp ADR (NASDAQ: AMRN) currently have 408.55M outstanding shares and institutions hold larger chunk of about 28.15% of that. Holding of mutual funds in the company is about 20.34% while other institutional holders and individual stake holders have control over 3.30% and 2.16% of the stake respectively.
The stock has a current market capitalization of $328.47M and its 3Y-monthly beta is at 2.11. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 1.74 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMRN, volatility over the week remained 9.28% while standing at 7.00% over the month.
Analysts are in expectations that Amarin Corp ADR (AMRN) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 36.03% while it is estimated to increase by 4.51% in next year. EPS is likely to grow at an annualized rate of 38.90% for next 5-years, compared to annual growth of -0.85% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Amarin Corp ADR (AMRN)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.40. Out of those 5 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
