Amarin Corp ADR (NASDAQ:AMRN) shares, rose in value on Thursday, April 04, with the stock price down by -3.77% to the previous day’s close as strong demand from buyers drove the stock to $1.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.06. The value of beta (5-year monthly) is 2.01. Referring to stock’s 52-week performance, its high was $1.50, and the low was $0.65. On the whole, AMRN has fluctuated by 8.38% over the past month.
With the market capitalization of Amarin Corp ADR currently standing at about $417.00 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to -$0.02 for fiscal year -$0.14 and then to about -$0.13 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.70% in 2025, while the next year’s EPS growth is forecast to be 7.10%.
Analysts have estimated the company’s revenue for the quarter at $57.3 million, with a low estimate of $46.6 million and a high estimate of $67.2 million. According to the average forecast, sales growth in current quarter could jump down -29.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $222.51 million, representing a decrease of -27.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMRN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AMRN currently trading nearly 14.30% and -4.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.18, while the 7-day volatility ratio is showing 9.41% which for the 30-day chart, stands at 7.07%. Furthermore, Amarin Corp ADR (AMRN)’s beta value is 1.98, and its average true range (ATR) is 0.07.
A comparison of Amarin Corp ADR (AMRN) with its peers suggests the former has fared considerably weaker in the market. AMRN showed an intraday change of -3.77% in today’s session so far, and over the past year, it shrunk by -31.54%%.
Data on historical trading for Amarin Corp ADR (NASDAQ:AMRN) indicates that the trading volumes over the past 10 days have averaged 1.73 million and over the past 3 months, they’ve averaged 2.26 million. According to company’s latest data on outstanding shares, there are 408.82 million shares outstanding.
Nearly 0.44% of Amarin Corp ADR’s shares belong to company insiders and institutional investors own 23.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.19 million shares as on Mar 15, 2024, resulting in a short ratio of 8.36. According to the data, the short interest in Amarin Corp ADR (AMRN) stood at 4.53% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 16.75 million. The stock has risen by 17.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMRN stock heading into the next quarter.
