At the time of writing, Amarin Corp ADR [AMRN] stock is trading at $0.63, up 3.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMRN shares have gain 9.98% over the last week, with a monthly amount glided 3.41%, and 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.
For the past year, the stock price of Amarin Corp ADR fluctuated between $0.56 and $1.37. 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 $0.63 at the most recent close of the market. An investor can expect a potential return of 244.44% based on the average AMRN price forecast.
Analyzing the AMRN fundamentals
According to Amarin Corp ADR [NASDAQ:AMRN], the company’s sales were 265.09M for trailing twelve months, which represents an -15.99% plunge. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.1%, 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 -0.06 and Total Capital is -0.07. 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 0.5988 points at the first support level, and at 0.5707 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6525, and for the 2nd resistance point, it is at 0.6781.
Ratios To Look Out For
It is important to note that Amarin Corp ADR [NASDAQ:AMRN] has a current ratio of 3.04. As well, the Quick Ratio is 2.01, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 0.47.
Transactions by insiders
Recent insider trading involved Berg Aaron, President and CEO, that happened on Aug 02 ’24 when 0.16 million shares were purchased. President and CEO, Holt Patrick completed a deal on Jan 22 ’24 to buy 14426.0 shares. Meanwhile, Chief Scientific Officer Ketchum Steven B sold 34131.0 shares on Dec 12 ’23.
