Amarin Corporation plc (NASDAQ:AMRN) has a beta value of 1.83 and has seen 7.14 million shares traded in the last trading session. The company, currently valued at $734.83M, closed the last trade at $1.80 per share which meant it lost -$0.02 on the day or -1.10% during that session. The AMRN stock price is -112.22% off its 52-week high price of $3.82 and 42.22% above the 52-week low of $1.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.54 million shares traded. The 3-month trading volume is 3.67 million shares.
The consensus among analysts is that Amarin Corporation plc (AMRN) is a Hold stock at the moment, with a recommendation rating of 2.70. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.
Amarin Corporation plc (NASDAQ:AMRN) trade information
Sporting -1.10% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the AMRN stock price touched $1.80 or saw a rise of 14.29%. Year-to-date, Amarin Corporation plc shares have moved 48.76%, while the 5-day performance has seen it change -13.88%. Over the past 30 days, the shares of Amarin Corporation plc (NASDAQ:AMRN) have changed 44.00%. Short interest in the company has seen 9.59 million shares shorted with days to cover at 3.73.
Wall Street analysts have a consensus price target for the stock at $3.57, which means that the shares’ value could jump 49.58% from current levels. The projected low price target is $1.50 while the price target rests at a high of $9.00. In that case, then, we find that the current price level is -400.0% off the targeted high while a plunge would see the stock lose 16.67% from current levels.
Amarin Corporation plc (AMRN) estimates and forecasts
Figures show that Amarin Corporation plc shares have underperformed across the wider relevant industry. The company’s shares have gained 40.62% over the past 6 months, with this year growth rate of -192.86%, compared to 4.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -175.00% and 25.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -37.30%.
8 analysts offering their estimates for the company have set an average revenue estimate of $86.45 million for the current quarter. 2 have an estimated revenue figure of $86 million for the next quarter concluding in Mar 2023. Year-ago sales stood $144.49 million and $128.37 million respectively for this quarter and the next, and analysts expect sales will shrink by -40.20% for the current quarter and -33.00% 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 15.40% over the past 5 years. Earnings growth for 2023 is a modest 140.70% while over the next 5 years, the company’s earnings are expected to increase by 38.90%.
Amarin Corporation plc is expected to release its next earnings report on October 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amarin Corporation plc (NASDAQ:AMRN)’s Major holders
Insiders own 1.27% of the company shares, while shares held by institutions stand at 35.29% with a share float percentage of 35.75%. Investors are also buoyed by the number of investors in a company, with Amarin Corporation plc having a total of 263 institutions that hold shares in the company. The top two institutional holders are Sarissa Capital Management, LP with over 24.0 million shares worth more than $35.76 million. As of Jun 29, 2022, Sarissa Capital Management, LP held 5.95% of shares outstanding.
The other major institutional holder is Baker Brothers Advisors, LLC, with the holding of over 21.17 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $31.54 million and represent 5.25% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Legg Mason Glb Asset Mgt Tr-Clearbridge Small Cap Fd and Northern Lights Fd Tr-13D Activist Fd. As of Jul 30, 2022, the former fund manager holds about 0.76% shares in the company for having 3.07 million shares of worth $4.08 million while later fund manager owns 2.03 million shares of worth $3.02 million as of Jun 29, 2022, which makes it owner of about 0.50% of company’s outstanding stock.