In last trading session, Amarin Corp ADR (NASDAQ:AMRN) saw 1.0 million shares changing hands with its beta currently measuring 2.00. Company’s recent per share price level of $0.86 trading at -$0.04 or -3.96% at ring of the bell on the day assigns it a market valuation of $352.20M. That closing price of AMRN’s stock is at a discount of -93.02% from its 52-week high price of $1.66 and is indicating a premium of 24.42% from its 52-week low price of $0.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.37 million shares which gives us an average trading volume of 2.41 million if we extend that period to 3-months.
Amarin Corp ADR (NASDAQ:AMRN) trade information
Upright in the red during last session for losing -3.96%, in the last five days AMRN remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $0.86 price level, adding 6.51% to its value on the day. Amarin Corp ADR’s shares saw a change of -0.98% in year-to-date performance and have moved 4.82% in past 5-day. Amarin Corp ADR (NASDAQ:AMRN) showed a performance of -26.05% in past 30-days. Number of shares sold short was 16.99 million shares which calculate 9.45 days to cover the short interests.
Amarin Corp ADR (AMRN) estimates and forecasts
Statistics highlight that Amarin Corp ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -9.49% of value to its shares in past 6 months, showing an annual growth rate of -566.67% while that of industry is 12.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 25.00% in the current quarter and calculating 25.00% increase in the next quarter. This year revenue growth is estimated to fall -27.50% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $57.3 million for the same. And 4 analysts are in estimates of company making revenue of $54.57 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.93% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.67% while estimates for its earnings growth in next 5 years are of 38.90%.
AMRN Dividends
Amarin Corp ADR is more likely to be releasing its next quarterly report between May 01 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Amarin Corp ADR (NASDAQ:AMRN)’s Major holders
Insiders are in possession of 1.54% of company’s total shares while institution are holding 23.79 percent of that, with stock having share float percentage of 24.16%. Investors also watch the number of corporate investors in a company very closely, which is 23.79% institutions for Amarin Corp ADR that are currently holding shares of the company. Kynam Capital Management, LP is the top institutional holder at AMRN for having 12.0 million shares of worth $14.28 million. And as of Jun 29, 2023, it was holding 12.15% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 11.28 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 11.41% of outstanding shares, having a total worth of $13.42 million.
On the other hand, Northern Lights Fd Tr-13D Activist Fd and Mutual Fund Ser Tr-AlphaCentric LifeSci Healthcare Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 3.81 million shares of worth $4.53 million or 3.85% of the total outstanding shares. The later fund manager was in possession of 0.58 million shares on Jun 29, 2023, making its stake of worth around $0.7 million in the company or a holder of 0.59% of company’s stock.
