Amarin Corporation plc (NASDAQ:AMRN) has a beta value of 2.74 and has seen 2,363,097 shares traded in the recent trading session. The company, currently valued at $2.6 Billion, closed the recent trade at $6.73 per share which meant it lost $0 on the day or 0.45% during that session. The AMRN stock price is -288.11% off its 52-week high price of $26.12 and 41.31% above the 52-week low of $3.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.36 Million shares traded. The 3-month trading volume is 15Million shares.
The consensus among analysts is that Amarin Corporation plc (AMRN) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 11 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.07.
Amarin Corporation plc (NASDAQ:AMRN) trade information
Sporting 0.3% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the AMRN stock price touched $7.32-9 or saw a rise of 9.09%. Year-to-date, Amarin Corporation plc shares have moved -68.96%, while the 5-day performance has seen it change -6.79%. Over the past 30 days, the shares of Amarin Corporation plc (NASDAQ:AMRN) have changed -2.99%. Short interest in the company has seen 33.08 Million shares shorted with days to cover at 2.21.
Wall Street analysts have a consensus price target for the stock at $16.8, which means that the shares’ value could jump 149.63% from current levels. The projected low price target is $8 while the price target rests at a high of $51. In that case, then, we find that the current price level is +657.8% off the targeted high while a plunge would see the stock lose 18.87% from current levels.
Amarin Corporation plc (AMRN) estimates and forecasts
11 analysts offering their estimates for the company have set an average revenue estimate of $144.62 Million for the current quarter. 11 have an estimated revenue figure of $170.99 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $100.79 Million and $110.04 Million respectively for this quarter and the next, and analysts expect sales will grow by 43.5% for the current quarter and 55.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +27.3% over the past 5 years. Earnings growth for 2020 is a modest +83.1% while over the next 5 years, the company’s earnings are expected to increase by 42.3%.