Investors: What’s The Real Deal With AMGEN Inc. (NASDAQ: AMGN)

The trading price of AMGEN Inc. (NASDAQ:AMGN) closed higher on Tuesday, April 23, closing at $273.54, 0.60% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 21.91, while its 5Y monthly beta was 0.60. In examining the 52-week price action we see that the stock hit a 52-week high of $329.72 and a 52-week low of $211.71. Over the past month, the stock has lost -0.95% in value.

AMGEN Inc., whose market valuation is $146.60 billion at the time of this writing, is expected to release its quarterly earnings report May 02, 2024. The dividend yield on the company stock is 3.16%, while its Forward Dividend ratio is 8.64. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 3.63 per share this quarter, however they have predicted annual earnings per share of 18.3 for current year and 19.71 for next year.

Analysts have forecast the company to bring in revenue of 6.98B for the current quarter, with the likely lows of 6.85B and highs of 7.2B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 30.92B.

On the technical side, indicators suggest AMGN has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.18, which symbolizes a positive outlook. A quick review shows that AMGN’s price is currently 0.44% off the SMA20 and -1.18% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.69, and weekly volatility stands at 1.83%. When measured over the past 30 days, the indicator reaches 1.80%. AMGEN Inc. (NASDAQ:AMGN)’s beta value is currently sitting at 0.60, while the Average True Range indicator is currently displaying 5.15.

To see how AMGEN Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: AMGN stock’s performance was 0.60% in the latest trading, and 12.17% in the past year. AMGEN Inc. has a P/E ratio of 21.91.

An evaluation of the daily trading volume of AMGEN Inc. (NASDAQ:AMGN) indicates that the 3-month average is 2.94 million.

Currently, records show that 535.40 million of the company’s shares remain outstanding. The insiders hold 0.24% of outstanding shares, whereas institutions hold 78.01%. However, since the stock’s price has seen -5.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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