Amarin Corp ADR (NASDAQ:AMRN) has a beta value of 1.87 and has seen 1.38 million shares traded in the last trading session. The company, currently valued at $217.56M, closed the last trade at $0.53 per share which meant it lost -$0.02 on the day or -3.57% during that session. The AMRN stock price is -158.49% off its 52-week high price of $1.37 and 13.21% above the 52-week low of $0.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.71 million shares traded. The 3-month trading volume is 925.90K shares.
The consensus among analysts is that Amarin Corp ADR (AMRN) is Buy stock at the moment, with a recommendation rating of 4.33. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
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Amarin Corp ADR (NASDAQ:AMRN) trade information
Sporting -3.57% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMRN stock price touched $0.53 or saw a rise of 5.36%. Year-to-date, Amarin Corp ADR shares have moved -39.20%, while the 5-day performance has seen it change 13.76%. Over the past 30 days, the shares of Amarin Corp ADR (NASDAQ:AMRN) have changed -9.12%. Short interest in the company has seen 17.95 million shares shorted with days to cover at 19.63.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump 73.5% from current levels. The projected low price target is $1.5 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -466.04% off the targeted high while a plunge would see the stock gain -183.02% from current levels.
Amarin Corp ADR (AMRN) estimates and forecasts
Figures show that Amarin Corp ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -37.04% over the past 6 months, with this year growth rate of -533.33%, compared to 18.00% for the industry. Revenue growth from the last financial year stood is estimated to be -32.66%.
3 analysts offering their estimates for the company have set an average revenue estimate of 37.46M for the current quarter. 1 have an estimated revenue figure of 36.86M for the next ending quarter. Year-ago sales stood 74.71M and 56.52M respectively for this quarter and the next, and analysts expect sales will shrink by -49.86% for the current quarter and -32.66% 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 17.93% over the past 5 years. Earnings growth for 2024 is a modest 8.89% while over the next 5 years, the company’s earnings are expected to increase by 38.90%.
AMRN Dividends
Amarin Corp ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amarin Corp ADR (NASDAQ:AMRN)’s Major holders
Insiders own 1.60% of the company shares, while shares held by institutions stand at 17.05% with a share float percentage of 17.33%. Investors are also buoyed by the number of investors in a company, with Amarin Corp ADR having a total of 193.0 institutions that hold shares in the company. The top two institutional holders are SARISSA CAPITAL MANAGEMENT LP with over 24.85 million shares worth more than $17.1 million. As of 2024-06-30, SARISSA CAPITAL MANAGEMENT LP held 6.059% of shares outstanding.
The other major institutional holder is KYNAM CAPITAL MANAGEMENT, LP, with the holding of over 12.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.36 million and represent 2.9638% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR Portfolio Developed World ex-US ETF and Delaware Group Equity Fds IV-Delaware Healthcare Fund . As of Sep 30, 2024 , the former fund manager holds about 0.25% shares in the company for having 247.51 shares of worth $0.13 million while later fund manager owns 190.0 shares of worth $0.1 million as of Sep 30, 2024 , which makes it owner of about 0.19% of company’s outstanding stock.
