Amarin Corporation plc (NASDAQ:AMRN) has a beta value of 2.82 and has seen 7,648,777 shares traded in the last trading session. The company, currently valued at $1.66 Billion, closed the last trade at $4.27 per share which meant it gained $0.19 on the day or 4.66% during that session. The AMRN stock price is -511.71% off its 52-week high price of $26.12 and 7.49% 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 12.51 Million shares traded. The 3-month trading volume is 7.85 Million 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 12 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Amarin Corporation plc (NASDAQ:AMRN) trade information
Sporting 4.66% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 08 when the AMRN stock price touched $4.57-6 or saw a rise of 6.56%. Year-to-date, Amarin Corporation plc shares have moved -80.08%, while the 5-day performance has seen it change -0.7%. Over the past 30 days, the shares of Amarin Corporation plc (NASDAQ:AMRN) have changed -37.76%. Short interest in the company has seen 26.41 Million shares shorted with days to cover at 3.36.
Wall Street analysts have a consensus price target for the stock at $11.1, which means that the shares’ value could jump 159.95% from current levels. The projected low price target is $5 while the price target rests at a high of $21. In that case, then, we find that the current price level is +391.8% off the targeted high while a plunge would see the stock lose 17.1% 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 $153.86 Million for the current quarter. 11 have an estimated revenue figure of $173.47 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $110.04 Million and $143.28 Million respectively for this quarter and the next, and analysts expect sales will grow by 39.8% for the current quarter and 21.1% 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 38.9%.