Amarin Corp ADR [AMRN] stock is trading at $0.79, up 5.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMRN shares have gain 12.87% over the last week, with a monthly amount drifted -1.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies downgraded its rating to Hold on October 25, 2023, and dropped its price target to $1. On January 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $3 on the stock. JP Morgan downgraded its rating to a Underweight. SVB Leerink downgraded its rating to a Mkt Perform and reduced its price target to $3 on May 05, 2022. H.C. Wainwright downgraded its rating to Neutral for this stock on May 05, 2022, and downed its price target to $3. In a note dated May 04, 2022, Northland Capital downgraded an Market Perform rating on this stock.
Amarin Corp ADR [AMRN] stock has fluctuated between $0.63 and $1.49 over the past year. Currently, Wall Street analysts expect the stock to reach $2.17 within the next 12 months. Amarin Corp ADR [NASDAQ: AMRN] shares were valued at $0.79 at the most recent close of the market. An investor can expect a potential return of 174.68% based on the average AMRN price forecast.
Analyzing the AMRN fundamentals
Amarin Corp ADR [NASDAQ:AMRN] reported sales of 277.95M for the trailing twelve months, which represents a drop of -34.89%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.09 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7639 points at the first support level, and at 0.7376 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8082, and for the 2nd resistance point, it is at 0.8262.
Ratios To Look Out For
For context, Amarin Corp ADR’s Current Ratio is 3.07. On the other hand, the Quick Ratio is 1.93, and the Cash Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 0.59.
Transactions by insiders
Recent insider trading involved Holt Patrick, President and CEO, that happened on Jan 22 ’24 when 14426.0 shares were purchased. Chief Scientific Officer, Ketchum Steven B completed a deal on Dec 12 ’23 to sell 34131.0 shares. Meanwhile, President and CEO Holt Patrick bought 0.3 million shares on Aug 16 ’23.
