AMGEN Inc. (NASDAQ:AMGN) shares, rose in value, with the stock price up by 1.46% to the previous day’s close as strong demand from buyers drove the stock to $320.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $315.54, falling within a range of $315.65 and $321.9699. The PE ratio was 55.16 over 12-month period. Referring to stock’s 52-week performance, its high was $346.85, and the low was $249.70. On the whole, AMGN has fluctuated by 0.13% over the past month.
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With the market capitalization of AMGEN Inc. currently standing at about $172.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04. The company’s Forward Dividend Ratio is 8.88, with its dividend yield at 2.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 33.2B, with a low estimate of 8.73B and a high estimate of 9.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.87B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMGN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 11.62, with the price of AMGN currently trading nearly 0.14% and -1.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.43, while the 7-day volatility ratio is showing 1.52% which for the 30-day chart, stands at 1.59%. Furthermore, AMGEN Inc. (AMGN)’s beta value is 0.60, and its average true range (ATR) is 5.63.
A comparison of AMGEN Inc. (AMGN) with its peers suggests the former has fared considerably weaker in the market. AMGN showed an intraday change of 1.46% in today’s session so far, and over the past year, it grew by 25.20%%.
Data on historical trading for AMGEN Inc. (NASDAQ:AMGN) indicates that the trading volumes over the past 10 days have averaged 1.68 and over the past 3 months, they’ve averaged 1.91 million. According to company’s latest data on outstanding shares, there are 537.33 million shares outstanding.
Nearly 0.24% of AMGEN Inc.’s shares belong to company insiders and institutional investors own 78.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.37 million shares as on 2024-10-15, resulting in a short ratio of 4.62. According to the data, the short interest in AMGEN Inc. (AMGN) stood at 175.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 9.0 million. The stock has risen by 11.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMGN stock heading into the next quarter.
