A share price of AMGEN Inc [AMGN] is currently trading at $264.49, up 0.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMGN shares have lost -1.08% over the last week, with a monthly amount drifted -10.68%, 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.
AMGEN Inc experienced fluctuations in its stock price throughout the past year between $253.30 and $346.85. Currently, Wall Street analysts expect the stock to reach $338.22 within the next 12 months. AMGEN Inc [NASDAQ: AMGN] shares were valued at $264.49 at the most recent close of the market. An investor can expect a potential return of 27.88% based on the average AMGN price forecast.
Analyzing the AMGN fundamentals
Trailing Twelve Months sales for AMGEN Inc [NASDAQ:AMGN] were 32.32B which represents 23.11% 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. 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 262.38 points at the first support level, and at 260.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 265.57, and for the 2nd resistance point, it is at 266.66.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AMGEN Inc [NASDAQ:AMGN] is 1.32. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 4.41, the price to book ratio is 18.89 and price to earnings (TTM) ratio is 33.87.
Transactions by insiders
Recent insider trading involved Grygiel Nancy A., SVP & CCO, that happened on May 03 ’24 when 2117.0 shares were sold.
