Amarin Corporation plc (NASDAQ:AMRN) has a beta value of 2.22 and has seen 3,023,649 shares traded in the recent trading session. The company, currently valued at $1.85 Billion, closed the recent trade at $4.7 per share which meant it lost -$0.27 on the day or -5.53% during that session. The AMRN stock price is -96.81% off its 52-week high price of $9.25 and 28.51% above the 52-week low of $3.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.3 Million shares traded. The 3-month trading volume is 6.85 Million shares.
The consensus among analysts is that Amarin Corporation plc (AMRN) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 9 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight.
Amarin Corporation plc (NASDAQ:AMRN) trade information
Despite being -5.53% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the AMRN stock price touched $5.47-1 or saw a rise of 13.62%. Year-to-date, Amarin Corporation plc shares have moved -3.29%, while the 5-day performance has seen it change -9.06%. Over the past 30 days, the shares of Amarin Corporation plc (NASDAQ:AMRN) have changed -27.02%. Short interest in the company has seen 26Million shares shorted with days to cover at 3.8.
Wall Street analysts have a consensus price target for the stock at $9.89, which means that the shares’ value could jump 110.43% from the levels at last check today. The projected low price target is $6 while the price target rests at a high of $19. In that case, then, we find that the latest price level in today’s session is +304.26% off the targeted high while a plunge would see the stock lose 27.66% from the levels at last check today.
Amarin Corporation plc (AMRN) estimates and forecasts
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 +43.6% over the past 5 years. Earnings growth for 2021 is a modest +28.7% while over the next 5 years, the company’s earnings are expected to increase by 38.9%.
Amarin Corporation plc (NASDAQ:AMRN)’s Major holders
Insiders own 1.17% of the company shares, while shares held by institutions stand at 38.97% with a share float percentage of 39.43%. Investors are also buoyed by the number of investors in a company, with Amarin Corporation plc having a total of 295 institutions that hold shares in the company. The top two institutional holders are Baker Brothers Advisors, LLC with over 27.99 Million shares worth more than $136.88 Million. As of December 30, 2020, Baker Brothers Advisors, LLC held 7.11% of shares outstanding.
The other major institutional holder is Eversept Partners, LP, with the holding of over 15.94 Million shares as of December 30, 2020. The firm’s total holdings are worth over $77.97 Million and represent 4.05% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Federated Hermes Kaufmann Small Cap Fund and iShares NASDAQ Biotechnology ETF. As of January 30, 2021, the former fund manager holds about 0.89% shares in the company for having 3500000 shares of worth $26.25 Million while later fund manager owns 3.23 Million shares of worth $20.03 Million as of March 30, 2021, which makes it owner of about 0.82% of company’s outstanding stock.