AMGEN Inc [NASDAQ: AMGN] stock went on a downward path that fall over -3.33% on Thursday, amounting to a one-week price decrease of less than -9.18%.
Over the last 12 months, AMGN stock rose by 4.09%. The one-year AMGEN Inc stock forecast points to a potential upside of 11.19. The average equity rating for AMGN stock is currently 2.28, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $151.17 billion, with 536.90 million shares outstanding and 535.99 million shares in the current float. Compared to the average trading volume of 3.25M shares, AMGN stock reached a trading volume of 4676829 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 $316.87 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 2.28. 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.
BofA Securities have made an estimate for AMGEN Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 10, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on November 15, 2024, representing the official price target for AMGEN Inc stock. Previously, the target price had yet another raise to $335, while Citigroup analysts kept a Neutral rating on AMGN stock.
The Average True Range (ATR) for AMGEN Inc is set at 10.68, with the Price to Sales ratio for AMGN stock in the period of the last 12 months amounting to 4.55. The Price to Book ratio for the last quarter was 25.71, with the Price to Cash per share for the same quarter was set at 22.29. Price to Free Cash Flow for AMGN in the course of the last twelve months was 14.54 with Quick ratio for the last quarter at 0.95.
AMGN Stock Performance Analysis:
AMGEN Inc [AMGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.18. With this latest performance, AMGN shares dropped by -9.95% in over the last four-week period, additionally sinking by -11.42% over the last 6 months – not to mention a rise of 4.09% 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 34.67, with the RSI for the last a single of trading hit 31.06, and the three-weeks RSI is set at 38.53 for AMGEN Inc [AMGN]. The present Moving Average for the last 50 days of trading for this stock 304.30, while it was recorded at 287.37 for the last single week of trading, and 306.29 for the last 200 days.
Insight into AMGEN Inc Fundamentals:
AMGEN Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.26.
AMGN Stock EPS
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 4.22%.
AMGEN Inc [AMGN] Institutonal Ownership Details
There are presently around $82.02%, or 82.20%% 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 5.3951%.
