Currently, there are 534.00M common shares owned by the public and among those 533.97M shares have been available to trade.
Insiders at the company have transacted a total of 91 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 117,784 shares. Insider sales of the common stock occurred on 50 occasions, with total insider shares sold totaling 77,815 shares.
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The company’s stock has a 5-day price change of 0.46% and 17.12% over the past three months. AMGN shares are trading 9.74% year to date (YTD), with the 12-month market performance up to 28.92% higher. It has a 12-month low price of $211.71 and touched a high of $329.72 over the same period. AMGN has an average intraday trading volume of 2.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.76%, 8.56%, and 22.28% respectively.
Institutional ownership of AMGEN Inc. (NASDAQ: AMGN) shares accounts for 77.57% of the company’s 534.00M shares outstanding.
It has a market capitalization of $169.15B and a beta (3y monthly) value of 0.62. The stock’s trailing 12-month PE ratio is 22.48, while the earnings-per-share (ttm) stands at $14.06. The company has a PEG of 4.25 and a Quick Ratio of 2.56 with the debt-to-equity ratio at 7.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 1.93% over the month.
Analysts forecast that AMGEN Inc. (AMGN) will achieve an EPS of $4.6 for the current quarter, $4.41 for the next quarter and $20 for 2024. The lowest estimate earnings-per-share for the quarter is $4.33 while analysts give the company a high EPS estimate of $5.09. Comparatively, EPS for the current quarter was $4.09 a year ago. Earnings per share for the fiscal year are expected to increase by 7.04%, and 6.95% over the next financial year. EPS should shrink at an annualized rate of 5.29% over the next five years, compared to 35.08% over the past 5-year period.
Looking at the support for the AMGN, a number of firms have released research notes about the stock. Daiwa Securities stated their Buy rating for the stock in a research note on December 21, 2023, with the firm’s price target at $264-$320.
