AMGEN Inc [AMGN] stock prices are up 0.24% to $274.06 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMGN shares have lost -0.10% over the last week, with a monthly amount drifted -8.29%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On November 14, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $335 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $380 on October 17, 2024. Truist downgraded its rating to a Hold and raised its price target to $333 on October 14, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 27, 2024, and assigned it a price target of $405. In a note dated August 07, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and boosted its target price from $320 to $335.
The stock price of AMGEN Inc [AMGN] has been fluctuating between $257.80 and $346.85 over the past year. Currently, Wall Street analysts expect the stock to reach $337.6 within the next 12 months. AMGEN Inc [NASDAQ: AMGN] shares were valued at $274.06 at the most recent close of the market. An investor can expect a potential return of 23.18% based on the average AMGN price forecast.
Analyzing the AMGN fundamentals
The AMGEN Inc [NASDAQ:AMGN] reported sales of 32.32B for trailing twelve months, representing a surge of 23.11%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.02.
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 272.18 points at the first support level, and at 270.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 275.91, and for the 2nd resistance point, it is at 277.75.
Ratios To Look Out For
It’s worth pointing out that AMGEN Inc [NASDAQ:AMGN]’s Current Ratio is 1.32. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 4.56, the price to book ratio is 19.57 and price to earnings (TTM) ratio is 35.09.
Transactions by insiders
Recent insider trading involved Grygiel Nancy A., SVP & CCO, that happened on May 03 ’24 when 2117.0 shares were sold.
