Saturday, March 6, 2021

Amarin Corporation plc [AMRN] Revenue clocked in at $590.10 million, up 29.04% YTD: What’s Next?

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Amarin Corporation plc [NASDAQ: AMRN] jumped around 0.11 points on Thursday, while shares priced at $6.31 at the close of the session, up 1.77%. The company report on January 22, 2021 that Icosapent Ethyl Included in the Chinese Society of Cardiology (CSC) Updated Guidelines for Primary Prevention of Cardiovascular Diseases.

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Amarin Corporation plc (NASDAQ:AMRN) announced that the Chinese Society of Cardiology (CSC) has included icosapent ethyl in its updated Guidelines for Primary Prevention of Cardiovascular Diseases for 2021 as published in the Chinese Journal of Cardiovascular Diseases. The guideline authors include “icosapent ethyl 2 grams twice a day (as studied in REDUCE-IT®) as a treatment consideration to further lower atherosclerotic cardiovascular disease (ASCVD) in the appropriate patient population.”1.


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“Inclusion of icosapent ethyl in the CSC treatment guidelines further validates the increasing independent support and acceptance of this unique drug to reduce cardiovascular risk,” stated Craig B. Granowitz, M.D., Ph.D., senior vice president and chief medical officer of Amarin. “Importantly, these updated guidelines also support that the preventive effect of omega-3 fatty acids on ASCVD is not only related to the dose, but also to the type and formulation of omega-3 fatty acid and incorporates findings from the REDUCE-IT cardiovascular outcomes study of VASCEPA®.”.

Amarin Corporation plc stock is now 29.04% up from its year-to-date (YTD) trading value. AMRN Stock saw the intraday high of $6.37 and lowest of $6.05 per share. The company’s 52-week high price is 21.82, which means current price is +31.46% above from all time high which was touched on 01/19/21.

Compared to the average trading volume of 7.43M shares, AMRN reached a trading volume of 5572942 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Amarin Corporation plc [AMRN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMRN shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMRN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Amarin Corporation plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 29, 2020. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on August 26, 2020, representing the official price target for Amarin Corporation plc stock. Previously, the target price had yet another raise to $15, while Northland Capital analysts kept a Outperform rating on AMRN stock.

The Average True Range (ATR) for Amarin Corporation plc is set at 0.35, with the Price to Sales ratio for AMRN stock in the period of the last 12 months amounting to 4.20. The Price to Book ratio for the last quarter was 4.10, with the Price to Cash per share for the same quarter was set at 1.43. Price to Free Cash Flow for AMRN in the course of the last twelve months was 353.96 with Quick ratio for the last quarter at 2.30.

How has AMRN stock performed recently?

Amarin Corporation plc [AMRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.87. With this latest performance, AMRN shares gained by 26.71% in over the last four-week period, additionally sinking by -4.54% over the last 6 months – not to mention a drop of -69.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMRN stock in for the last two-week period is set at 68.22, with the RSI for the last a single of trading hit 71.45, and the three-weeks RSI is set at 65.12 for Amarin Corporation plc [AMRN]. The present Moving Average for the last 50 days of trading for this stock 5.03, while it was recorded at 6.20 for the last single week of trading, and 5.91 for the last 200 days.

Amarin Corporation plc [AMRN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Amarin Corporation plc [AMRN] shares currently have an operating margin of -5.65 and a Gross Margin at +77.46. Amarin Corporation plc’s Net Margin is presently recorded at -5.27.

Return on Total Capital for AMRN is now -5.41, given the latest momentum, and Return on Invested Capital for the company is -5.57. Return on Equity for this stock declined to -5.98, with Return on Assets sitting at -3.59. When it comes to the capital structure of this company, Amarin Corporation plc [AMRN] has a Total Debt to Total Equity ratio set at 9.85. Additionally, AMRN Total Debt to Total Capital is recorded at 8.97, with Total Debt to Total Assets ending up at 6.79. Long-Term Debt to Equity for the company is recorded at 1.61, with the Long-Term Debt to Total Capital now at 1.41.

Reflecting on the efficiency of the workforce at the company, Amarin Corporation plc [AMRN] managed to generate an average of -$23,563 per employee. Receivables Turnover for the company is 4.72 with a Total Asset Turnover recorded at a value of 0.68.Amarin Corporation plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.70.

Earnings analysis for Amarin Corporation plc [AMRN]

With the latest financial reports released by the company, Amarin Corporation plc posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 200.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMRN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amarin Corporation plc go to 38.90%.

Insider trade positions for Amarin Corporation plc [AMRN]

There are presently around $929 million, or 39.50% of AMRN stock, in the hands of institutional investors. The top three institutional holders of AMRN stocks are: BAKER BROS. ADVISORS LP with ownership of 32,018,867, which is approximately -7.183% of the company’s market cap and around 1.00% of the total institutional ownership; EVERSEPT PARTNERS, LP, holding 10,653,459 shares of the stock with an approximate value of $67.22 million in AMRN stocks shares; and BOXER CAPITAL, LLC, currently with $44.17 million in AMRN stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Amarin Corporation plc stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 121 institutional holders increased their position in Amarin Corporation plc [NASDAQ:AMRN] by around 35,833,407 shares. Additionally, 125 investors decreased positions by around 50,999,659 shares, while 67 investors held positions by with 60,423,139 shares. The mentioned changes placed institutional holdings at 147,256,205 shares, according to the latest SEC report filing. AMRN stock had 39 new institutional investments in for a total of 16,574,837 shares, while 56 institutional investors sold positions of 8,095,574 shares during the same period.

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