AMGEN Inc (NASDAQ:AMGN) shares, rose in value, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $278.40.
Actively observing the price movement in the last trading, the stock closed the session at $279.45. The PE ratio was 25.41 over 12-month period. Referring to stock’s 52-week performance, its high was $346.85, and the low was $253.30. On the whole, AMGN has fluctuated by -1.66% over the past month.
With the market capitalization of AMGEN Inc currently standing at about $149.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 9.26, with its dividend yield at 3.33%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 35.27B, with a low estimate of 8.6B and a high estimate of 9.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.86B.
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 100% 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 PEG ratio is about 5.90, with the price of AMGN currently trading nearly 1.32% and -3.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.44, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 2.02%. Furthermore, AMGEN Inc (AMGN)’s beta value is 0.48, and its average true range (ATR) is 7.13.
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 -0.38% in last session, and over the past year, it shrunk by -9.17%%.
Data on historical trading for AMGEN Inc (NASDAQ:AMGN) indicates that the trading volumes over the past 3 months, they’ve averaged 3.09 million. According to company’s latest data on outstanding shares, there are 537.70 million shares outstanding.
Nearly 0.22% of AMGEN Inc’s shares belong to company insiders and institutional investors own 81.05% of the company’s shares. The stock has risen by 6.81% 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.
