AMGEN Inc. [AMGN] stock prices are up 0.76% to $335.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMGN shares have gain 4.35% over the last week, with a monthly amount glided 12.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AMGEN Inc. [NASDAQ: AMGN] stock has seen the most recent analyst activity on May 03, 2024, when William Blair upgraded its rating to a Outperform. Previously, Barclays upgraded its rating to Equal Weight on May 03, 2024, and elevated its price target to $300. Leerink Partners downgraded its rating to a Market Perform and decreased its price target to $318 on February 07, 2024. Daiwa Securities upgraded its rating to a Buy and raised its price target to $320 on December 21, 2023. BMO Capital Markets upgraded its rating to Outperform for this stock on December 19, 2023, and upped its price target to $326. In a note dated December 12, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $256 to $300.
The stock price of AMGEN Inc. [AMGN] has been fluctuating between $224.34 and $335.91 over the past year. Currently, Wall Street analysts expect the stock to reach $286.53 within the next 12 months. AMGEN Inc. [NASDAQ: AMGN] shares were valued at $335.67 at the most recent close of the market. An investor can expect a potential drop of -14.64% based on the average AMGN price forecast.
Analyzing the AMGN fundamentals
The AMGEN Inc. [NASDAQ:AMGN] reported sales of 29.35B for trailing twelve months, representing a surge of 22.19%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.59 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 12.75.
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 330.64 points at the first support level, and at 325.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 338.65, and for the 2nd resistance point, it is at 341.64.
Ratios To Look Out For
It’s worth pointing out that AMGEN Inc. [NASDAQ:AMGN]’s Current Ratio is 1.42. Further, the Quick Ratio stands at 0.98, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 6.13, the price to book ratio is 35.85 and price to earnings (TTM) ratio is 48.00.
Transactions by insiders
Recent insider trading involved Grygiel Nancy A., SVP & CCO, that happened on May 03 ’24 when 2117.0 shares were sold. SVP & CCO, Grygiel Nancy A. completed a deal on Dec 04 ’23 to sell 2096.0 shares. Meanwhile, EVP, Gen. Counsel & Secy. Graham Jonathan P sold 10000.0 shares on Nov 08 ’23.
