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AMGEN Inc. (AMGN) Stock Could Soon Reward Patient Investors

AMGEN Inc. (NASDAQ: AMGN) is 5.80% higher on its value in year-to-date trading and has touched a low of $215.32 and a high of $329.72 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 AMGN stock was last observed hovering at around $305.02 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $304.72, the stock is -1.12% and 5.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing -0.10% at the moment leaves the stock 8.30% off its SMA200. AMGN registered 38.03% gain for a year compared to 6-month gain of 12.31%.

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The stock witnessed a -2.60% loss in the last 1 month and extending the period to 3 months gives it a 10.66%, and is -0.88% 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 1.42% over the week and 1.74% over the month.

AMGEN Inc. (AMGN) has around 26700 employees, a market worth around $163.46B and $29.35B in sales. Current P/E ratio is 43.57 and Fwd P/E is 14.75. Profit margin for the company is 12.82%. Distance from 52-week low is 41.52% and -7.58% from its 52-week high. The company has generated returns on investments over the last 12 months (5.78%).

with sales reaching $8.31B over the same period.The EPS is expected to grow by 4.46% this year, but quarterly earnings will post 25.30% year-over-year. Quarterly sales are estimated to grow 18.90% in year-over-year returns.

AMGEN Inc. (AMGN) Top Institutional Holders

The shares outstanding are 535.40M, and float is at 535.19M with Short Float at 1.91%.

AMGEN Inc. (AMGN) Insider Activity

The most recent transaction is an insider sale by Grygiel Nancy A.,the company’sSVP & CCO. SEC filings show that Grygiel Nancy A. sold 2,117 shares of the company’s common stock on May 03 ’24 at a price of $313.09 per share for a total of $0.66 million. Following the sale, the insider now owns 9883.0 shares.

AMGEN Inc. disclosed in a document filed with the SEC on Dec 04 ’23 that Grygiel Nancy A. (SVP & CCO) sold a total of 2,096 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $273.03 per share for $0.57 million. Following the transaction, the insider now directly holds 10874.0 shares of the AMGN stock.

Still, SEC filings show that on Nov 08 ’23, Graham Jonathan P (EVP, Gen. Counsel & Secy.) disposed off 10,000 shares at an average price of $272.81 for $2.73 million. The insider now directly holds 28,078 shares of AMGEN Inc. (AMGN).

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