A share price of AMGEN Inc [AMGN] is currently trading at $320.16, up 1.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMGN shares have gain 1.42% over the last week, with a monthly amount glided 0.13%, 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 October 17, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $380. Previously, Truist downgraded its rating to Hold on October 14, 2024, and elevated its price target to $333. On September 27, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $405 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $335 on August 07, 2024. William Blair upgraded its rating to a Outperform. Barclays upgraded its rating to Equal Weight for this stock on May 03, 2024, and upped its price target to $300.
AMGEN Inc experienced fluctuations in its stock price throughout the past year between $249.70 and $346.85. Currently, Wall Street analysts expect the stock to reach $293.15 within the next 12 months. AMGEN Inc [NASDAQ: AMGN] shares were valued at $320.16 at the most recent close of the market. An investor can expect a potential drop of -8.44% based on the average AMGN price forecast.
Analyzing the AMGN fundamentals
Trailing Twelve Months sales for AMGEN Inc [NASDAQ:AMGN] were 30.74B which represents 19.90% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.68 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.02.
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 316.07 points at the first support level, and at 311.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 323.82, and for the 2nd resistance point, it is at 327.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AMGEN Inc [NASDAQ:AMGN] is 1.26. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 5.60, the price to book ratio is 29.03 and price to earnings (TTM) ratio is 55.16.
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.
