Amarin Corp ADR (NASDAQ: AMRN) is -0.98% lower on its value in year-to-date trading and has touched a low of $0.65 and a high of $1.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMRN stock was last observed hovering at around $0.90 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.86, the stock is -13.63% and -22.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -3.96% at the moment leaves the stock -14.07% off its SMA200. AMRN registered -46.82% loss for a year compared to 6-month gain of -9.49%. The firm has a 50-day simple moving average (SMA 50) of $0.11 and a 200-day simple moving average (SMA200) of -$0.67.
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The stock witnessed a -26.05% loss in the last 1 month and extending the period to 3 months gives it a 2.56%, and is 4.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.04% over the week and 7.62% over the month.
Amarin Corp ADR (AMRN) has around 275 employees, a market worth around $352.20M and $308.22M in sales. Profit margin for the company is -19.23%. Distance from 52-week low is 32.33% and -48.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.57%).
Amarin Corp ADR quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $57.3M over the same period.The EPS is expected to grow by 6.67% this year, but quarterly earnings will post -27.50% year-over-year. Quarterly sales are estimated to shrink -29.50% in year-over-year returns.
212 institutions hold shares in Amarin Corp ADR (AMRN), with institutional investors hold 24.16% of the company’s shares. The shares outstanding are 408.82M, and float is at 407.04M with Short Float at 4.17%. Institutions hold 23.79% of the Float.
The top institutional shareholder in the company is Kynam Capital Management, LP with over 12.0 million shares valued at $14.28 million. The investor’s holdings represent 12.15% of the AMRN Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 11.28 million shares valued at $13.42 million to account for 11.41% of the shares outstanding. The other top investors are Eversept Partners, LP which holds 10.5 million shares representing 10.63% and valued at over $12.5 million, while Tang Capital Management, LLC holds 7.19% of the shares totaling 7.1 million with a market value of $8.45 million.
Amarin Corp ADR (AMRN) Insider Activity
The most recent transaction is an insider purchase by Holt Patrick, the company’s President and CEO. SEC filings show that Holt Patrick bought 14,426 shares of the company’s common stock on Jan 22 ’24 at a price of $1.09 per share for a total of $15724.0. Following the purchase, the insider now owns 0.31 million shares.
Amarin Corp ADR disclosed in a document filed with the SEC on Dec 12 ’23 that Ketchum Steven B (Chief Scientific Officer) sold a total of 34,131 shares of the company’s common stock. The trade occurred on Dec 12 ’23 and was made at $0.79 per share for $26963.0. Following the transaction, the insider now directly holds 0.57 million shares of the AMRN stock.
Still, SEC filings show that on Aug 16 ’23, Holt Patrick (President and CEO) acquired 300,000 shares at an average price of $1.04 for $0.31 million. The insider now directly holds 300,000 shares of Amarin Corp ADR (AMRN).
