Some Investing Thoughts On Amarin Corp ADR (NASDAQ: AMRN)

Amarin Corp ADR (AMRN) concluded trading on Wednesday at a closing price of $0.68, with 5.76 million shares of worth about $3.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.00% during that period and on July 31, 2024 the price saw a loss of about -12.87%. Currently the company’s common shares owned by public are about 410.74M shares, out of which, 409.14M shares are available for trading.

Stock saw a price change of -13.05% in past 5 days and over the past one month there was a price change of -0.58%. Year-to-date (YTD), AMRN shares are showing a performance of -21.61% which decreased to -43.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.63 but also hit the highest price of $1.37 during that period. The average intraday trading volume for Amarin Corp ADR shares is 1.48 million. The stock is currently trading -10.60% below its 20-day simple moving average (SMA20), while that difference is down -11.16% for SMA50 and it goes to -23.35% lower than SMA200.

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Amarin Corp ADR (NASDAQ: AMRN) currently have 410.74M outstanding shares and institutions hold larger chunk of about 22.03% of that.

The stock has a current market capitalization of $280.12M and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 1.93 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 7.50% while standing at 6.12% over the month.

Stock’s fiscal year EPS is expected to drop by -8.33% while it is estimated to decrease by -20.00% in next year. EPS is likely to grow at an annualized rate of 38.90% for next 5-years, compared to annual growth of 17.93% made by the stock over the past 5-years.

Coverage by Jefferies stated Amarin Corp ADR (AMRN) stock as a Hold in their note to investors on October 25, 2023, suggesting a price target of $1 for the stock. Stock get a Mkt perform rating from SVB Leerink on May 05, 2022.

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