Amarin Corp ADR [NASDAQ: AMRN] slipped around -0.07 points on Wednesday, while shares priced at $0.40 at the close of the session, down -14.94%.
Compared to the average trading volume of 1.36M shares, AMRN reached a trading volume of 15662380 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Amarin Corp ADR [AMRN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMRN shares is $1.00 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 5.00. 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 Corp ADR shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 20, 2023. While these analysts kept the previous recommendation, Jefferies dropped their target price from $3 to $1. The new note on the price target was released on October 25, 2023, representing the official price target for Amarin Corp ADR stock. Previously, the target price had yet another raise from $1.30 to $3, while Jefferies kept a Buy rating on AMRN stock.
The Average True Range (ATR) for Amarin Corp ADR is set at 0.05, with the Price to Sales ratio for AMRN stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 0.74.
How has AMRN stock performed recently?
Amarin Corp ADR [AMRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.34. With this latest performance, AMRN shares dropped by -23.56% in over the last four-week period, additionally sinking by -33.16% over the last 6 months – not to mention a drop of -56.66% 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 24.96, with the RSI for the last a single of trading hit 17.44, and the three-weeks RSI is set at 31.14 for Amarin Corp ADR [AMRN]. The present Moving Average for the last 50 days of trading for this stock 0.5473, while it was recorded at 0.4800 for the last single week of trading, and 0.6083 for the last 200 days.
Amarin Corp ADR [AMRN]: Deeper insight into the fundamentals
Amarin Corp ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.11 and a Current Ratio set at 3.23.
Earnings analysis for Amarin Corp ADR [AMRN]
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 Corp ADR go to 46.87%.
Insider trade positions for Amarin Corp ADR [AMRN]
There are presently around $18.16%, or 18.47%% 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 24.85 million shares, which is approximately 6.0486%. KYNAM CAPITAL MANAGEMENT, LP, holding 12.16 million shares of the stock with an approximate value of $$8.36 million in AMRN stocks shares; and KYNAM CAPITAL MANAGEMENT, LP, currently with $$3.52 million in AMRN stock with ownership which is approximately 1.2452%.
