AMGEN Inc [NASDAQ: AMGN] slipped around -22.97 points on Tuesday, while shares priced at $298.84 at the close of the session, down -7.14%.
Compared to the average trading volume of 1.86M shares, AMGN reached a trading volume of 6633021 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about 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 $333.61 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 2.24. 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.
Bernstein have made an estimate for AMGEN Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $320 to $333. The new note on the price target was released on October 14, 2024, representing the official price target for AMGEN Inc stock. Previously, the target price had yet another raise to $405, while Cantor Fitzgerald analysts kept a Overweight rating on AMGN stock. On August 07, 2024, analysts increased their price target for AMGN shares from 320 to 335.
The Average True Range (ATR) for AMGEN Inc is set at 7.43, with the Price to Sales ratio for AMGN stock in the period of the last 12 months amounting to 4.97. The Price to Book ratio for the last quarter was 21.34, with the Price to Cash per share for the same quarter was set at 16.76. Price to Free Cash Flow for AMGN in the course of the last twelve months was 25.57 with Quick ratio for the last quarter at 0.96.
How has AMGN stock performed recently?
AMGEN Inc [AMGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.40. With this latest performance, AMGN shares dropped by -7.94% in over the last four-week period, additionally sinking by -4.04% over the last 6 months – not to mention a rise of 11.80% 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 29.67, with the RSI for the last a single of trading hit 23.93, and the three-weeks RSI is set at 34.02 for AMGEN Inc [AMGN]. The present Moving Average for the last 50 days of trading for this stock 322.74, while it was recorded at 317.93 for the last single week of trading, and 306.85 for the last 200 days.
AMGEN Inc [AMGN]: Deeper insight into the fundamentals
AMGEN Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 1.32.
Earnings analysis for AMGEN Inc [AMGN]
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 5.00%.
Insider trade positions for AMGEN Inc [AMGN]
There are presently around $81.23%, or 81.44%% of AMGN stock, in the hands of institutional investors. The top three institutional holders of AMGN stocks are: VANGUARD GROUP INC with ownership of 51.87 million shares, which is approximately 9.6779%. BLACKROCK INC., holding 46.04 million shares of the stock with an approximate value of $$14.39 billion in AMGN stocks shares; and BLACKROCK INC., currently with $$9.05 billion in AMGN stock with ownership which is approximately 5.4051%.
