Amarin Corp ADR (NASDAQ: AMRN) Surprised Bears With Its Forecast.

In today’s recent session, 0.83 million shares of the Amarin Corp ADR (NASDAQ:AMRN) have been traded, and its beta is 1.97. Most recently the company’s share price was $0.72, and it changed around $0.01 or 1.04% from the last close, which brings the market valuation of the company to $294.25M. AMRN at last check was trading at a discount to its 52-week high of $1.49, offering almost -106.94% off that amount. The share price’s 52-week low was $0.63, which indicates that the recent value has risen by an impressive 12.5% since then. We note from Amarin Corp ADR’s average daily trading volume that its 3-month average coming to 1.49 million.

Amarin Corp ADR stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended AMRN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Amarin Corp ADR (NASDAQ:AMRN) trade information

Instantly AMRN has been showing a green trend so far today with a performance of 1.04% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -17.66% year-to-date, but still down -5.49% over the last five days. On the other hand, Amarin Corp ADR (NASDAQ:AMRN) is -15.15% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $2.17, which translates to bulls needing to increase their stock price by 66.82% from its current value. Analyst projections state that AMRN is forecast to be at a low of $1.5 and a high of $3.

Amarin Corp ADR (AMRN) estimates and forecasts

Amarin Corp ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.51 percent over the past six months and at a -633.33% annual growth rate that is well below the industry average of 15.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 17.93%. Amarin Corp ADR earnings are expected to increase by -15.56% in 2024, but the outlook is positive 38.90% per year for the next five years.