Technical Outlook And Game Plan For AMGEN Inc. (NASDAQ: AMGN)

AMGEN Inc. (AMGN) concluded trading on Thursday at a closing price of $312.86, with 3.91 million shares of worth about $1.22 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.03% during that period and on September 25, 2024 the price saw a loss of about -5.46%. Currently the company’s common shares owned by public are about 537.33M shares, out of which, 536.01M shares are available for trading.

Stock saw a price change of -6.03% in past 5 days and over the past one month there was a price change of -4.26%. Year-to-date (YTD), AMGN shares are showing a performance of 8.62% which increased to 17.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $249.70 but also hit the highest price of $346.85 during that period. The average intraday trading volume for AMGEN Inc. shares is 1.97 million. The stock is currently trading -5.42% below its 20-day simple moving average (SMA20), while that difference is down -5.08% for SMA50 and it goes to 3.47% higher than SMA200.

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AMGEN Inc. (NASDAQ: AMGN) currently have 537.33M outstanding shares and institutions hold larger chunk of about 78.25% of that.

The stock has a current market capitalization of $168.11B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 53.90, while it has posted earnings per share of $5.80 in the same period. Its PEG reads 9.63 and has Quick Ratio of 0.89 while making debt-to-equity ratio of 10.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMGN, volatility over the week remained 2.28% while standing at 2.00% over the month.

Stock’s fiscal year EPS is expected to rise by 4.75% while it is estimated to increase by 6.90% in next year. EPS is likely to grow at an annualized rate of 5.60% for next 5-years, compared to annual growth of -0.22% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on August 07, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $320 and $335 to it. Stock get a Market perform rating from Leerink Partners on February 07, 2024.

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