Amarin Corporation plc [AMRN] is -65.58% lower this YTD. Is it still time to buy?

Amarin Corporation plc [NASDAQ: AMRN] loss -4.92% or -0.06 points to close at $1.16 with a heavy trading volume of 2313588 shares. The company report on November 15, 2022 that Amarin Announces VAZKEPA® (icosapent ethyl) Approved by the Therapeutic Goods Administration (TGA) in Australia.

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— VAZKEPA® Approved in Australia to Reduce the Risk of CV Events in Adult Statin-Treated Patients with High CV Risk with Elevated Triglycerides –.

— Marks Fifth Regulatory Approval for VASCEPA®/VAZKEPA® Franchise in Key International Markets in 2022 –.

It opened the trading session at $1.23, the shares rose to $1.23 and dropped to $1.15, the range by which the price of stock traded the whole day. The daily chart for AMRN points out that the company has recorded -19.44% loss over the past six months. However, it is still -11.54% lower than its most recent low trading price.

If we look at the average trading volume of 3.04M shares, AMRN reached to a volume of 2313588 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 $3.33 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 1.07. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.78.

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 -10.77. With this latest performance, AMRN shares gained by 8.41% in over the last four-week period, additionally sinking by -19.44% over the last 6 months – not to mention a drop of -71.91% 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 44.89, with the RSI for the last a single of trading hit 41.00, and the three-weeks RSI is set at 46.23 for Amarin Corporation plc [AMRN]. The present Moving Average for the last 50 days of trading for this stock 1.1984, while it was recorded at 1.2540 for the last single week of trading, and 1.9547 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 1.60 and a Current Ratio set at 2.40.

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 $151 million, or 35.10% 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% of the company’s market cap and around 0.30% of the total institutional ownership; EVERSEPT PARTNERS, LP, holding 11,962,744 shares of the stock with an approximate value of $13.88 million in AMRN stocks shares; and WOODLINE PARTNERS LP, currently with $10.18 million in AMRN stock with ownership of nearly New of the company’s market capitalization.

Positions in Amarin Corporation plc stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 55 institutional holders increased their position in Amarin Corporation plc [NASDAQ:AMRN] by around 24,841,147 shares. Additionally, 99 investors decreased positions by around 32,746,661 shares, while 95 investors held positions by with 72,250,788 shares. The mentioned changes placed institutional holdings at 129,838,596 shares, according to the latest SEC report filing. AMRN stock had 19 new institutional investments in for a total of 17,564,259 shares, while 42 institutional investors sold positions of 5,039,464 shares during the same period.


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