Amarin Corp ADR (NASDAQ: AMRN) is 5.41% higher on its value in year-to-date trading and has touched a low of $0.65 and a high of $1.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMRN stock was last observed hovering at around $0.90 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.92, the stock is -3.36% and -11.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 2.37% at the moment leaves the stock -6.42% off its SMA200. AMRN registered -34.02% loss for a year compared to 6-month gain of 13.26%.
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The stock witnessed a 9.57% loss in the last 1 month and extending the period to 3 months gives it a -15.86%, and is -11.82% down 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 6.45% over the week and 6.80% over the month.
Amarin Corp ADR (AMRN) has around 275 employees, a market worth around $374.93M and $308.22M in sales. Profit margin for the company is -19.23%. Distance from 52-week low is 40.88% and -38.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.57%).
The EPS is expected to grow by 6.67% this year
The shares outstanding are 408.82M, and float is at 407.25M with Short Float at 4.42%.
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).
