Amarin Corporation plc [AMRN] fell -62.02% so far this year. What now?

Amarin Corporation plc [NASDAQ: AMRN] surged by $0.09 during the normal trading session on Thursday and reaching a high of $1.30 during the day while it closed the day at $1.28. The company report on August 30, 2022 that Amarin to Present at H.C. Wainwright’s 24th Annual Global Investment Conference.

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Amarin Corporation plc (NASDAQ:AMRN) today announced that Karim Mikhail, Amarin’s president and chief executive officer, is scheduled to participate at the H.C. Wainwright 24th Annual Global Investment Conference on September 12, 2022.

H.C. Wainwright 24th Annual Global Investment Conference (September 12-14th, 2022; New York, New York).

Amarin Corporation plc stock has also gained 16.36% of its value over the past 7 days. However, AMRN stock has declined by -20.99% in the 3 months of the year. Over the past six months meanwhile, it has lost -65.31% and lost -62.02% year-on date.

The market cap for AMRN stock reached $520.81 million, with 398.19 million shares outstanding and 381.31 million shares in the current float. Compared to the average trading volume of 3.29M shares, AMRN reached a trading volume of 3961749 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $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 3.00. 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 0.09, with the Price to Sales ratio for AMRN stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.77.

AMRN stock trade performance evaluation

Amarin Corporation plc [AMRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.36. With this latest performance, AMRN shares dropped by -3.76% in over the last four-week period, additionally sinking by -65.31% over the last 6 months – not to mention a drop of -73.72% 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 55.06, with the RSI for the last a single of trading hit 61.96, and the three-weeks RSI is set at 51.05 for Amarin Corporation plc [AMRN]. The present Moving Average for the last 50 days of trading for this stock 1.3058, while it was recorded at 1.1780 for the last single week of trading, and 2.2803 for the last 200 days.

Amarin Corporation plc [AMRN]: An insightful look at the core fundamentals

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 1.40 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Amarin Corporation plc [AMRN] stock

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%.

Amarin Corporation plc [AMRN]: Insider Ownership positions

There are presently around $176 million, or 35.30% 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 23,998,000, which is approximately -0.008% 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 $27.1 million in AMRN stocks shares; and EVERSEPT PARTNERS, LP, currently with $17.0 million in AMRN stock with ownership of nearly 47.936% of the company’s market capitalization.

Positions in Amarin Corporation plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 90 institutional holders increased their position in Amarin Corporation plc [NASDAQ:AMRN] by around 22,883,275 shares. Additionally, 79 investors decreased positions by around 18,207,968 shares, while 89 investors held positions by with 96,727,268 shares. The mentioned changes placed institutional holdings at 137,818,511 shares, according to the latest SEC report filing. AMRN stock had 33 new institutional investments in for a total of 5,758,310 shares, while 31 institutional investors sold positions of 6,402,275 shares during the same period.


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