Jefferies slashes price target on Amarin Corporation plc [AMRN] – find out why.

Amarin Corporation plc [NASDAQ: AMRN] closed the trading session at $1.40 on 04/19/23. The day’s price range saw the stock hit a low of $1.35, while the highest price level was $1.40. The company report on April 19, 2023 at 8:00 AM that Amarin to Report First Quarter 2023 Financial Results and Host Conference Call on May 3, 2023.

The conference call with management will follow the release of the Company’s first quarter 2023 financial results in the pre-market hours.

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The stocks have a year to date performance of 15.70 percent and weekly performance of 2.94 percent. The stock has been moved at 21.74 percent over the last six months. The stock has performed -10.83 percent around the most recent 30 days and changed -24.32 percent over the most recent 3-months.

If compared to the average trading volume of 4.23M shares, AMRN reached to a volume of 2324942 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 $3.75 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 2.70. 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.

Jefferies have made an estimate for Amarin Corporation plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 06, 2023. The new note on the price target was released on May 06, 2022, representing the official price target for Amarin Corporation plc stock. Previously, the target price had yet another drop from $10 to $3, while SVB Leerink kept a Mkt Perform rating on AMRN stock. On May 05, 2022, analysts decreased their price target for AMRN shares from 10 to 3.

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 1.61. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.73.

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 2.94. With this latest performance, AMRN shares dropped by -10.83% in over the last four-week period, additionally plugging by 21.74% over the last 6 months – not to mention a drop of -55.27% 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 40.99, with the RSI for the last a single of trading hit 43.48, and the three-weeks RSI is set at 41.56 for Amarin Corporation plc [AMRN]. The present Moving Average for the last 50 days of trading for this stock 1.6694, while it was recorded at 1.3840 for the last single week of trading, and 1.4274 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 -25.01 and a Gross Margin at +64.84. Amarin Corporation plc’s Net Margin is presently recorded at -28.66.

Return on Total Capital for AMRN is now -14.28, given the latest momentum, and Return on Invested Capital for the company is -16.51. Return on Equity for this stock declined to -16.75, with Return on Assets sitting at -10.82. When it comes to the capital structure of this company, Amarin Corporation plc [AMRN] has a Total Debt to Total Equity ratio set at 3.37. Additionally, AMRN Total Debt to Total Capital is recorded at 3.26, with Total Debt to Total Assets ending up at 2.26. Long-Term Debt to Equity for the company is recorded at 1.68, with the Long-Term Debt to Total Capital now at 1.63.

Reflecting on the efficiency of the workforce at the company, Amarin Corporation plc [AMRN] managed to generate an average of -$289,692 per employee. Receivables Turnover for the company is 2.50 with a Total Asset Turnover recorded at a value of 0.38.Amarin Corporation plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.70.

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 $162 million, or 32.70% of AMRN stock, in the hands of institutional investors. The top three institutional holders of AMRN stocks are: MORGAN STANLEY with ownership of 22,027,895, which is approximately 289.562% of the company’s market cap and around 0.30% of the total institutional ownership; WOODLINE PARTNERS LP, holding 12,790,559 shares of the stock with an approximate value of $17.91 million in AMRN stocks shares; and KYNAM CAPITAL MANAGEMENT, LP, currently with $13.5 million in AMRN stock with ownership of nearly 43.483% of the company’s market capitalization.

Positions in Amarin Corporation plc stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 69 institutional holders increased their position in Amarin Corporation plc [NASDAQ:AMRN] by around 45,454,907 shares. Additionally, 77 investors decreased positions by around 58,399,117 shares, while 91 investors held positions by with 12,163,022 shares. The mentioned changes placed institutional holdings at 116,017,046 shares, according to the latest SEC report filing. AMRN stock had 29 new institutional investments in for a total of 4,445,949 shares, while 26 institutional investors sold positions of 26,142,902 shares during the same period.


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