AMGEN Inc. [NASDAQ: AMGN] stock went on an upward path that rose over 3.28% on Thursday, amounting to a one-week price increase of more than 4.61%. The company report on February 1, 2024 at 4:00 PM that AMGEN ANNOUNCES WEBCAST OF 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.
Amgen (NASDAQ:AMGN) today announced that it will report its fourth quarter and full year 2023 financial results on Tuesday, February 6, 2024, after the close of the U.S. financial markets. The announcement will be followed by a conference call with the investment community at 4:30 p.m. ET. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen’s senior management team.
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Live audio of the conference call will be simultaneously broadcast over the internet and will be available to members of the news media, investors and the general public.
Over the last 12 months, AMGN stock rose by 28.59%. The one-year AMGEN Inc. stock forecast points to a potential downside of -9.24. The average equity rating for AMGN stock is currently 2.15, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $173.70 billion, with 534.00 million shares outstanding and 534.00 million shares in the current float. Compared to the average trading volume of 2.37M shares, AMGN stock reached a trading volume of 3523041 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $297.11 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 2.15. 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 21, 2023.
The Average True Range (ATR) for AMGEN Inc. is set at 5.36, with the Price to Sales ratio for AMGN stock in the period of the last 12 months amounting to 6.52. The Price to Book ratio for the last quarter was 22.68, with the Price to Cash per share for the same quarter was set at 64.91. Price to Free Cash Flow for AMGN in the course of the last twelve months was 18.52 with Quick ratio for the last quarter at 2.56.
AMGN Stock Performance Analysis:
AMGEN Inc. [AMGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.61. With this latest performance, AMGN shares gained by 9.14% in over the last four-week period, additionally plugging by 40.86% over the last 6 months – not to mention a rise of 28.59% 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 77.39, with the RSI for the last a single of trading hit 81.64, and the three-weeks RSI is set at 73.97 for AMGEN Inc. [AMGN]. The present Moving Average for the last 50 days of trading for this stock 288.80, while it was recorded at 315.73 for the last single week of trading, and 257.72 for the last 200 days.
Insight into AMGEN Inc. Fundamentals:
AMGEN Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.56 and a Current Ratio set at 2.86.
AMGN Stock EPS
With the latest financial reports released by the company, AMGEN Inc. posted 4.09/share EPS, while the average EPS was predicted by analysts to be reported at 4.09/share. 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 5.38%.
AMGEN Inc. [AMGN] Institutonal Ownership Details
The top three institutional holders of AMGN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AMGN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AMGN stock with ownership which is approximately 5.8325%.
