Adversity is less terrifying than hope: Amarin Corp ADR (AMRN)

With 0.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 shares. During the session, the Drug Manufacturers – General company that operates in wider Healthcare sector, reached to the highest price of $1.2500 whereas the lowest price it dropped to was $1.2100. The 52-week range on AMRN shows that it touched its highest point at $2.17 and its lowest point at $0.65 during that stretch. It currently has a 1-year price target of $1.42. Beta for the stock currently stands at 2.05.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMRN was up-trending over the past week, with a rise of 2.52%, but this was down by -5.43% over a month. Three-month performance surged to 61.42% while six-month performance rose 9.91%. The stock lost -39.30% in the past year, while it has gained 40.23% so far this year. A look at the trailing 12-month EPS for AMRN yields -0.13 with Next year EPS estimates of -0.15. For the next quarter, that number is -0.03. This implies an EPS growth rate of 39.88% for this year and 3.20% for next year. EPS is expected to grow by 38.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.85%.

Float and Shares Shorts:

At present, 408.55 million AMRN shares are outstanding with a float of 406.62 million shares on hand for trading. On Jan 31, 2024, short shares totaled 14.4 million, which was 3.53% higher than short shares on Dec 29, 2023. In addition to Mr. Thomas Charles Reilly as the firm’s Chief Financial Officer, Dr. Steven B. Ketchum Ph.D. serves as its President of Research & Development and Chief Scientific Officer.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMRN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMRN analysts setting a high price target of $2.00 and a low target of $1.00, the average target price over the next 12 months is $1.42. Based on these targets, AMRN could surge 63.93% to reach the target high and fall by -18.03% to reach the target low. Reaching the average price target will result in a growth of 16.39% from current levels.

Summary of Insider Activity:

Insiders traded AMRN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 124,267 while 97,253 shares were sold.