During the recent session, Amarin Corp ADR (NASDAQ:AMRN)’s traded shares were 0.5 million, with the beta value of the company hitting 1.87. At the last check today, the stock’s price was $0.55, reflecting an intraday gain of 4.75% or $0.03. The 52-week high for the AMRN share is $1.37, that puts it down -149.09 from that peak though still a striking 16.36% gain since the share price plummeted to a 52-week low of $0.46. The company’s market capitalization is $226.13M, and the average intraday trading volume over the past 10 days was 1.66 million shares, and the average trade volume was 919.32K shares over the past three months.
Amarin Corp ADR (AMRN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 4.33. AMRN has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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Amarin Corp ADR (NASDAQ:AMRN) trade information
Amarin Corp ADR (AMRN) registered a 4.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.75% in intraday trading to $0.55, hitting a weekly high. The stock’s 5-day price performance is 9.97%, and it has moved by -4.37% in 30 days. Based on these gigs, the overall price performance for the year is -29.23%. The short interest in Amarin Corp ADR (NASDAQ:AMRN) is 17.95 million shares and it means that shorts have 19.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 72.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $3 respectively. As a result, AMRN is trading at a discount of -445.45% off the target high and -172.73% off the low.
Amarin Corp ADR (AMRN) estimates and forecasts
Statistics show that Amarin Corp ADR has underperformed its competitors in share price, compared to the industry in which it operates. Amarin Corp ADR (AMRN) shares have gone down -35.12% during the last six months, with a year-to-date growth rate less than the industry average at -533.33% against 17.90. In the rating firms’ projections, revenue will decrease -32.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 37.46M as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 36.86M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 74.71M and 56.52M respectively. In this case, analysts expect current quarter sales to shrink by -49.86% and then drop by -34.78% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.93%. While earnings are projected to return 8.89% in 2024, the next five years will return 38.90% per annum.
AMRN Dividends
Amarin Corp ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Amarin Corp ADR (NASDAQ:AMRN)’s Major holders
Amarin Corp ADR insiders own 1.60% of total outstanding shares while institutional holders control 17.05%, with the float percentage being 17.33%. SARISSA CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 193.0 institutions own stock in it. As of 2024-06-30, the company held over 24.85 million shares (or 6.059% of all shares), a total value of $17.1 million in shares.
The next largest institutional holding, with 12.16 million shares, is of KYNAM CAPITAL MANAGEMENT, LP’s that is approximately 2.9638% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.36 million.
Also, the Mutual Funds coming in first place with the largest holdings of Amarin Corp ADR (AMRN) shares are SPDR Portfolio Developed World ex-US ETF and Delaware Group Equity Fds IV-Delaware Healthcare Fund. Data provided on Sep 30, 2024 indicates that SPDR Portfolio Developed World ex-US ETF owns about 247.51 shares. This amounts to just over 0.25 percent of the company’s overall shares, with a $0.14 million market value. The same data shows that the other fund manager holds slightly less at 190.0, or about 0.19% of the stock, which is worth about $0.1 million.
