Amarin Corporation plc (NASDAQ:AMRN) closed Tuesday at $1.20 per share, up from $1.15 a day earlier. While Amarin Corporation plc has overperformed by 4.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMRN fell by -68.25%, with highs and lows ranging from $3.92 to $1.04, whereas the simple moving average fell by -37.82% in the last 200 days.
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On May 06, 2022, JP Morgan Downgraded Amarin Corporation plc (NASDAQ: AMRN) to Underweight. A report published by SVB Leerink on May 05, 2022, Downgraded its rating to ‘Mkt Perform’ for AMRN. H.C. Wainwright also Downgraded AMRN shares as ‘Neutral’, setting a target price of $3 on the company’s shares in a report dated May 05, 2022. Goldman May 12, 2021d its ‘Neutral’ rating to ‘Sell’ for AMRN, as published in its report on May 12, 2021. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of Amarin Corporation plc (AMRN)
Further, the quarter-over-quarter decrease in sales is -36.70%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Amarin Corporation plc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -14.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and AMRN is recording an average volume of 3.08M. On a monthly basis, the volatility of the stock is set at 7.74%, whereas on a weekly basis, it is put at 7.42%, with a loss of -6.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.33, showing growth from the present price of $1.20, which can serve as yet another indication of whether AMRN is worth investing in or should be passed over.
How Do You Analyze Amarin Corporation plc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 33.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AMRN shares?
The recent increase in stakes in AMRN appears to be a result of several institutional investors and hedge funds increasing their positions. Sarissa Capital Management LP’s position in AMRN has increased by 0.01% in the first quarter. The company now owns 24,000,000 shares of the stock, with a value of $29.52 million, following the purchase of 2,000 additional shares during the last quarter. Eversept Partners LP made another decreased to its shares in AMRN during the first quarter, downing its stake by -9.95%.
At the end of the first quarter, Kynam Capital Management LP increased its AMRN holdings by 67.59% and now holds 6.72 million AMRN shares valued at $8.27 million with the added 2.71 million shares during the period. AMRN shares are owned by institutional investors to the tune of 33.40% at present.