In the last trading session, 2.56 million Amarin Corp ADR (NASDAQ:AMRN) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $0.40 changed hands at -$0.02 or -4.73% during last session, the market valuation stood at $165.70M. AMRN’s last price was a discount, traded about -177.5% off its 52-week high of $1.11. The share price had its 52-week low at $0.35, which suggests the last value was 12.5% up since then. When we look at Amarin Corp ADR’s average trading volume, we note the 10-day average is 1.07 million shares, with the 3-month average coming to 1.41 million.
Analysts gave the Amarin Corp ADR (AMRN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 1 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AMRN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Amarin Corp ADR’s EPS for the current quarter is expected to be -0.02.
Amarin Corp ADR (NASDAQ:AMRN) trade information
Instantly AMRN was in red as seen at the end of in last trading. With action -8.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -16.99%, with the 5-day performance at -8.54% in the red. However, in the 30-day time frame, Amarin Corp ADR (NASDAQ:AMRN) is -24.65% down. Looking at the short shares, we see there were 10.84 million shares sold at short interest cover period of 5.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 80.0% from its current market value. According to analyst projections, AMRN’s forecast low is 1.5 with 3 as the target high. To hit the forecast high, the stock’s price needs a -650.0% plunge from its current level, while the stock would need to soar -275.0% for it to hit the projected low.
Amarin Corp ADR (AMRN) estimates and forecasts
Year-over-year growth is forecast to reach -19.13% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 50.28M. 2 analysts are of the opinion that Amarin Corp ADR’s revenue for the current quarter will be 48.11M. The company’s revenue for the corresponding quarters a year ago was 56.52M and 67.49M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.04%. The estimates for the next quarter sales put growth at -28.71%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -24.69%. The 2025 estimates are for Amarin Corp ADR earnings to increase by 10.00%, but the outlook for the next 5-year period is at 27.89% per year.
AMRN Dividends
Amarin Corp ADR is expected to release its next quarterly earnings report on 2025-Mar-11.
Amarin Corp ADR (NASDAQ:AMRN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.63% of Amarin Corp ADR shares while 20.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.52%. There are 20.18% institutions holding the Amarin Corp ADR stock share, with SARISSA CAPITAL MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 6.0486% of the shares, roughly 24.85 million AMRN shares worth $17.1 million.
KYNAM CAPITAL MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 2.9587% or 12.16 million shares worth $8.36 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Old Westbury Funds Inc-Old Westbury Small & Mid Cap Strategies Fund and SPDR INDEX SHARES FUNDS-SPDR(R) Portfolio Developed World ex-US ETF . With 352.89 shares estimated at $0.14 million under it, the former controlled 0.36% of total outstanding shares. On the other hand, SPDR INDEX SHARES FUNDS-SPDR(R) Portfolio Developed World ex-US ETF held about 0.28% of the shares, roughly 273.69 shares worth around $0.11 million.
