Amarin Corp ADR (NASDAQ:AMRN) price on Friday, January 17, rose 0.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.56.
A look at the stock’s price movement, the close in the last trading session was $0.55, moving within a range at $0.5441 and $0.5634. The beta value (5-Year monthly) was 1.93. Turning to its 52-week performance, $1.37 and $0.43 were the 52-week high and 52-week low respectively. Overall, AMRN moved 18.17% over the past month.
Amarin Corp ADR’s market cap currently stands at around $229.48 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 31.69M for the company’s revenue for the quarter, with a low and high estimate of 29.4M and 33.98M respectively. The average forecast suggests down to a -57.58% 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 201.8M, representing a -34.25% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 11.11% and 9.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.76, while 7-day volatility ratio is 7.25% and 7.08% in the 30-day chart. Further, Amarin Corp ADR (AMRN) has a beta value of 1.82, 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 -167.86% off current price level while to achieve the yearly target high, price needs to move -435.71%. Nonetheless, investors will most likely welcome a -257.14% 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 1.23 over the past 10 days and 1.50 million 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 16.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.72 million on 2024-12-31, giving us a short ratio of 9.53. The data shows that as of 2024-12-31 short interest in Amarin Corp ADR (AMRN) stood at 459.99999999999994 of shares outstanding, with shares short rising to 17.95 million registered in 2024-11-29. Current price change has pushed the stock 15.05% 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.
