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After The Stock Fell -16.94% Over The Week, Is Amarin Corporation plc (NASDAQ: AMRN) Still A Buy?

Amarin Corporation plc (NASDAQ:AMRN)’s traded shares stood at 4.8 million during the last session, with the company’s beta value hitting 1.88. At the close of trading, the stock’s price was $1.52, to imply a decrease of -3.80% or -$0.06 in intraday trading. The AMRN share’s 52-week high remains $3.74, putting it -146.05% down since that peak but still an impressive 31.58% since price per share fell to its 52-week low of $1.04. The company has a valuation of $663.92M, with an average of 4.74 million shares in intraday trading volume over the past 10 days and average of 4.82 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Amarin Corporation plc (AMRN), translating to a mean rating of 2.70. Of 7 analyst(s) looking at the stock, 2 analyst(s) give AMRN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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Amarin Corporation plc (NASDAQ:AMRN) trade information

After registering a -3.80% downside in the last session, Amarin Corporation plc (AMRN) has traded red over the past five days. The stock hit a weekly high of 1.8600 this Wednesday, 03/15/23, dropping -3.80% in its intraday price action. The 5-day price performance for the stock is -16.94%, and -22.45% over 30 days. With these gigs, the year-to-date price performance is 25.62%. Short interest in Amarin Corporation plc (NASDAQ:AMRN) saw shorts transact 12.62 million shares and set a 2.06 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.75, implying an increase of 59.47% to the stock’s current value. The extremes give us $1.50 and $9.00 for target low and target high price respectively. As such, AMRN has been trading -492.11% off suggested target high and 1.32% from its likely low.

Amarin Corporation plc (AMRN) estimates and forecasts

Looking at statistics comparing Amarin Corporation plc share performance against respective industry, we note that the company has underperformed competitors. Amarin Corporation plc (AMRN) shares are 16.92% up over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 9.90%. Revenue is forecast to shrink -100.00% this quarter before jumping 87.50% for the next one. The rating firms project that company’s revenue will shrink -37.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is $87.32 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $85.34 million.Earnings reports from the last fiscal year show that sales brought in $144.49 million and $94.63 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -39.60% before dropping -9.80% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -3.40% for the past 5-year period. While 2023 is set for a 53.80% return in earnings, projections for the next 5 years are at 38.90% annually.

AMRN Dividends

Amarin Corporation plc has its next earnings report out on March 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Amarin Corporation plc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Amarin Corporation plc (NASDAQ:AMRN)’s Major holders

Amarin Corporation plc insiders hold 0.42% of total outstanding shares, with institutional holders owning 32.12% of the shares at 32.25% float percentage. In total, 32.12% institutions holds shares in the company, led by Sarissa Capital Management, LP. As of Sep 29, 2022, the company held over 24.0 million shares (or 5.94% of shares), all amounting to roughly $26.16 million.

The next major institution holding the largest number of shares is Eversept Partners, LP with 11.96 million shares, or about 2.96% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $13.04 million.

We also have Northern Lights Fd Tr-13D Activist Fd and Legg Mason Clearbridge Small Cap Value Fd as the top two Mutual Funds with the largest holdings of the Amarin Corporation plc (AMRN) shares. Going by data provided on Sep 29, 2022, Northern Lights Fd Tr-13D Activist Fd holds roughly 2.03 million shares. This is just over 0.50% of the total shares, with a market valuation of $2.21 million. Data from the same date shows that the other fund manager holds a little less at 0.55 million, or 0.14% of the shares, all valued at about 0.6 million.

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