Amarin Corp ADR (NASDAQ:AMRN) shares, rose in value on Thursday, January 02, with the stock price up by 10.19% to the previous day’s close as strong demand from buyers drove the stock to $0.53.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.49, falling within a range of $0.485 and $0.5371. The value of beta (5-year monthly) is 1.93. Referring to stock’s 52-week performance, its high was $1.37, and the low was $0.43. On the whole, AMRN has fluctuated by 1.65% over the past month.
With the market capitalization of Amarin Corp ADR currently standing at about $219.78 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 201.8M, with a low estimate of 29.4M and a high estimate of 33.98M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMRN’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% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AMRN currently trading nearly 13.61% and 2.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.15, while the 7-day volatility ratio is showing 5.88% which for the 30-day chart, stands at 6.75%. Furthermore, Amarin Corp ADR (AMRN)’s beta value is 1.83, and its average true range (ATR) is 0.03.
A comparison of Amarin Corp ADR (AMRN) with its peers suggests the former has fared considerably weaker in the market. AMRN showed an intraday change of 10.19% in today’s session so far, and over the past year, it shrunk by -39.90%%.
Data on historical trading for Amarin Corp ADR (NASDAQ:AMRN) indicates that the trading volumes over the past 10 days have averaged 2.31 and over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 411.26 million shares outstanding.
Nearly 0.32% of Amarin Corp ADR’s shares belong to company insiders and institutional investors own 16.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.19 million shares as on 2024-12-13, resulting in a short ratio of 10.99. According to the data, the short interest in Amarin Corp ADR (AMRN) stood at 447.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 17.93 million. The stock has risen by 10.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMRN stock heading into the next quarter.
