Amgen Inc. [AMGN] Revenue clocked in at $25.16 billion, up 6.48% YTD: What’s Next?

Amgen Inc. [NASDAQ: AMGN] jumped around 0.46 points on Tuesday, while shares priced at $244.83 at the close of the session, up 0.19%. The company report on July 8, 2021 that Tezepelumab Granted Priority Review By U.S. FDA.

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Tezepelumab is the First and Only Biologic to Consistently and Significantly Reduce Asthma Exacerbations in a Broad Population of Patients Across Phase 2 and 3 Clinical Trials.

Amgen (NASDAQ:AMGN) announced that the U.S. Food and Drug Administration (FDA) has accepted a Biologics License Application (BLA) and granted Priority Review for tezepelumab in the treatment of asthma. Tezepelumab is being developed by Amgen in collaboration with AstraZeneca.

Amgen Inc. stock is now 6.48% up from its year-to-date (YTD) trading value. AMGN Stock saw the intraday high of $246.75 and lowest of $242.975 per share. The company’s 52-week high price is 276.69, which means current price is +11.16% above from all time high which was touched on 01/28/21.

Compared to the average trading volume of 2.63M shares, AMGN reached a trading volume of 1615550 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Amgen Inc. [AMGN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMGN shares is $254.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMGN stock is a recommendation set at 2.40. 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.

Daiwa Securities have made an estimate for Amgen Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 29, 2020. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on October 28, 2020, representing the official price target for Amgen Inc. stock. Previously, the target price had yet another raise to $255, while Raymond James analysts kept a Outperform rating on AMGN stock.

The Average True Range (ATR) for Amgen Inc. is set at 3.84, with the Price to Sales ratio for AMGN stock in the period of the last 12 months amounting to 5.57. The Price to Book ratio for the last quarter was 15.13, with the Price to Cash per share for the same quarter was set at 18.46. Price to Free Cash Flow for AMGN in the course of the last twelve months was 23.32 with Quick ratio for the last quarter at 1.30.

How has AMGN stock performed recently?

Amgen Inc. [AMGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.48. With this latest performance, AMGN shares gained by 0.85% in over the last four-week period, additionally plugging by 3.06% over the last 6 months – not to mention a drop of -2.08% 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 AMGN stock in for the last two-week period is set at 53.82, with the RSI for the last a single of trading hit 55.56, and the three-weeks RSI is set at 52.28 for Amgen Inc. [AMGN]. The present Moving Average for the last 50 days of trading for this stock 243.96, while it was recorded at 244.38 for the last single week of trading, and 238.82 for the last 200 days.

Amgen Inc. [AMGN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Amgen Inc. [AMGN] shares currently have an operating margin of +35.49 and a Gross Margin at +75.60. Amgen Inc.’s Net Margin is presently recorded at +28.77.

Return on Total Capital for AMGN is now 21.60, given the latest momentum, and Return on Invested Capital for the company is 18.25. Return on Equity for this stock inclined to 76.13, with Return on Assets sitting at 11.84. When it comes to the capital structure of this company, Amgen Inc. [AMGN] has a Total Debt to Total Equity ratio set at 355.46. Additionally, AMGN Total Debt to Total Capital is recorded at 78.04, with Total Debt to Total Assets ending up at 53.13. Long-Term Debt to Equity for the company is recorded at 352.86, with the Long-Term Debt to Total Capital now at 77.47.

Reflecting on the efficiency of the workforce at the company, Amgen Inc. [AMGN] managed to generate an average of $298,930 per employee. Receivables Turnover for the company is 5.06 with a Total Asset Turnover recorded at a value of 0.41.Amgen Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.70.

Earnings analysis for Amgen Inc. [AMGN]

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 AMGN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amgen Inc. go to 6.08%.

Insider trade positions for Amgen Inc. [AMGN]

There are presently around $107,552 million, or 78.10% of AMGN stock, in the hands of institutional investors. The top three institutional holders of AMGN stocks are: BLACKROCK INC. with ownership of 48,772,074, which is approximately 2.021% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 47,205,904 shares of the stock with an approximate value of $11.56 billion in AMGN stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $7.99 billion in AMGN stock with ownership of nearly 2.696% of the company’s market capitalization.

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Positions in Amgen Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,035 institutional holders increased their position in Amgen Inc. [NASDAQ:AMGN] by around 17,916,042 shares. Additionally, 989 investors decreased positions by around 17,496,938 shares, while 298 investors held positions by with 403,880,902 shares. The mentioned changes placed institutional holdings at 439,293,882 shares, according to the latest SEC report filing. AMGN stock had 139 new institutional investments in for a total of 1,202,357 shares, while 121 institutional investors sold positions of 1,705,751 shares during the same period.

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