Amarin Corp ADR (NASDAQ:AMRN) price on Wednesday, December 04, fall -1.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.50.
A look at the stock’s price movement, the close in the last trading session was $0.51, moving within a range at $0.4911 and $0.5098. The beta value (5-Year monthly) was 1.93. Turning to its 52-week performance, $1.37 and $0.46 were the 52-week high and 52-week low respectively. Overall, AMRN moved -17.30% over the past month.
Amarin Corp ADR’s market cap currently stands at around $205.67 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 37.46M for the company’s revenue for the quarter, with a low and high estimate of 29.4M and 49M respectively. The average forecast suggests down to a -49.86% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 206.66M, representing a -32.66% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMRN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend AMRN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMRN’s current price about -5.00% and -11.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.23, while 7-day volatility ratio is 5.76% and 6.39% in the 30-day chart. Further, Amarin Corp ADR (AMRN) has a beta value of 1.84, and an average true range (ATR) of 0.03. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $1.5 and high of $3. Looking at the price targets, the low is -200.0% off current price level while to achieve the yearly target high, price needs to move -500.0%. Nonetheless, investors will most likely welcome a -300.0% jump to $2 which is the analysts’ median price.
If we refocus on Amarin Corp ADR (NASDAQ:AMRN), historical trading data shows that trading volumes averaged 1.46 over the past 10 days and 994.07K over the past 3 months. The company’s latest data on shares outstanding shows there are 411.26 million shares.
The 0.32% of Amarin Corp ADR’s shares are in the hands of company insiders while institutional holders own 16.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.93 million on 2024-11-15, giving us a short ratio of 16.49. The data shows that as of 2024-11-15 short interest in Amarin Corp ADR (AMRN) stood at 440.99998000000005 of shares outstanding, with shares short falling to 18.08 million registered in 2024-10-15. Current price change has pushed the stock -42.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMRN stock continues to rise going into the next quarter.
