Amarin Corporation plc [NASDAQ: AMRN] gained 3.10% or 0.04 points to close at $1.33 with a heavy trading volume of 4477078 shares. The company report on July 20, 2022 that Amarin to Report Second Quarter 2022 Financial Results and Host Conference Call on August 3, 2022.
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Amarin Corporation plc (NASDAQ:AMRN) today announced that it will host a conference call with members of Amarin’s senior management team to discuss the Company’s second quarter 2022 financial results on Wednesday, August 3rd, 2022 at 8:00 a.m. ET.
The conference call with management will follow the release of the Company’s second quarter 2022 financial results in the pre-market hours.
It opened the trading session at $1.25, the shares rose to $1.37 and dropped to $1.25, the range by which the price of stock traded the whole day. The daily chart for AMRN points out that the company has recorded -63.26% loss over the past six months. However, it is still -19.82% lower than its most recent low trading price.
If we look at the average trading volume of 4.91M shares, AMRN reached to a volume of 4477078 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $3.57 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 2.90. 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 Underweight, with their previous recommendation back on May 06, 2022. While these analysts kept the previous recommendation, SVB Leerink raised their target price from $10 to $3. The new note on the price target was released on May 05, 2022, representing the official price target for Amarin Corporation plc stock. Previously, the target price had yet another drop from $10 to $3, while H.C. Wainwright kept a Neutral rating on AMRN stock.
The Average True Range (ATR) for Amarin Corporation plc is set at 0.11, with the Price to Sales ratio for AMRN stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 0.90.
Trading performance analysis for AMRN stock
Amarin Corporation plc [AMRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, AMRN shares dropped by -7.64% in over the last four-week period, additionally sinking by -63.26% over the last 6 months – not to mention a drop of -68.48% 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 40.64, with the RSI for the last a single of trading hit 42.03, and the three-weeks RSI is set at 40.37 for Amarin Corporation plc [AMRN]. The present Moving Average for the last 50 days of trading for this stock 1.5508, while it was recorded at 1.3280 for the last single week of trading, and 2.9172 for the last 200 days.
Amarin Corporation plc [AMRN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Amarin Corporation plc [AMRN] shares currently have an operating margin of +4.15 and a Gross Margin at +78.71. Amarin Corporation plc’s Net Margin is presently recorded at +1.33.
Return on Equity for this stock inclined to 1.19, with Return on Assets sitting at 0.76.
Amarin Corporation plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.60.
Amarin Corporation plc [AMRN]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Amarin Corporation plc [AMRN]
There are presently around $170 million, or 34.70% of AMRN stock, in the hands of institutional investors. The top three institutional holders of AMRN stocks are: SARISSA CAPITAL MANAGEMENT LP with ownership of 24,000,000, which is approximately 24.675% of the company’s market cap and around 0.30% of the total institutional ownership; BAKER BROS. ADVISORS LP, holding 21,169,805 shares of the stock with an approximate value of $28.16 million in AMRN stocks shares; and EVERSEPT PARTNERS, LP, currently with $11.94 million in AMRN stock with ownership of nearly -15.068% of the company’s market capitalization.
Positions in Amarin Corporation plc stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 78 institutional holders increased their position in Amarin Corporation plc [NASDAQ:AMRN] by around 20,484,655 shares. Additionally, 94 investors decreased positions by around 28,519,857 shares, while 90 investors held positions by with 78,966,310 shares. The mentioned changes placed institutional holdings at 127,970,822 shares, according to the latest SEC report filing. AMRN stock had 25 new institutional investments in for a total of 8,334,725 shares, while 37 institutional investors sold positions of 19,472,069 shares during the same period.