Amarin Corp ADR (AMRN)’s stock is trading at $1.29 at the moment marking a rise of 6.61% from the last session close. As of this writing, shares are priced at -40.55% less than their 52-week high of $2.17, and 98.16% over their 52-week low of $0.65. Based on the past 30-day period, the stock price is -5.84% below the high and +15.18% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, AMRN’s SMA-200 is $1.0267.
Further, it is important to consider AMRN stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 1.63.AMRN’s price to book ratio for the most recent quarter was 0.95, resulting in an 1.64 price to cash per share for the period.
How does Amarin Corp ADR (AMRN) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 5 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 2.60 in simple terms.
Amarin Corp ADR (AMRN): Earnings History
If we examine Amarin Corp ADR’s recent earnings history, in the last quarter ended on 9/29/2023, it posted adjusted earnings per share of -$0.05, beating the consensus of -$0.04. In other words, it beat the consensus by -$0.01, resulting in a -25.00% surprise. In the 3 months period before the previous quarter which was closed on 9/29/2023, the stock recorded adjusted earnings per share of -$0.05 in contrast with the Outlook of -$0.04. That was a difference of -$0.01 and a surprise of -25.00%.
Amarin Corp ADR (NASDAQ: AMRN) Ownership Details
I will give a breakdown of the key shareholders in Amarin Corp ADR (AMRN). Recent figures show that the company’s insiders hold 0.57% of shares. A total of 211 institutional investors hold shares in the company, making 23.85% of its stock and 23.99% of its float.
Jun 29, 2023, it was reported that the Company’s largest institutional holder is Kynam Capital Management, LP holding total of 12.0 million shares that make 12.15% of the company’s total number of shares and are currently priced at 14.28 million.
The securities firm Morgan Stanley holds 11.28 million shares of AMRN, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 11.41%, and the holding percentage of shares is valued at 13.42 million.
An overview of Amarin Corp ADR’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Amarin Corp ADR (AMRN) traded 1,238,703 shares per day, with a moving average of $1.2003 and price change of -0.0600. With the moving average of $1.0855 and a price change of +0.4400, about 2,387,243 shares changed hands on average over the past 50 days. Finally, AMRN’s 100-day average volume is 2,035,150 shares, alongside a moving average of $0.9253 and a price change of +0.4363.
