Amneal Pharmaceuticals Inc (NASDAQ: AMRX) is 34.27% higher on its value in year-to-date trading and has touched a low of $3.36 and a high of $8.15 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 AMRX stock was last observed hovering at around $8.04 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $8.15, the stock is 10.03% and 15.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 1.37% at the moment leaves the stock 37.05% off its SMA200. AMRX registered 120.27% gain for a year compared to 6-month gain of 38.14%.
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The stock witnessed a 12.57% loss in the last 1 month and extending the period to 3 months gives it a 19.50%, and is 8.09% 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 3.70% over the week and 4.47% over the month.
Amneal Pharmaceuticals Inc (AMRX) has around 7850 employees, a market worth around $2.52B and $2.60B in sales. Fwd P/E is 11.68. Profit margin for the company is -6.72%. Distance from 52-week low is 142.56% and 0.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.88%).
The EPS is expected to shrink by -6.64% this year.
Amneal Pharmaceuticals Inc (AMRX) Top Institutional Holders
240.0 institutions hold shares in Amneal Pharmaceuticals Inc (AMRX), with institutional investors hold 96.59% of the company’s shares. The shares outstanding are 306.56M, and float is at 119.01M with Short Float at 3.73%. Institutions hold 43.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.73 million shares valued at $$83.19 million. The investor’s holdings represent 7.7941 of the AMRX Shares outstanding. As of 2024-03-31, the second largest holder is TPG GP A, LLC with 12.33 million shares valued at $$74.71 million to account for 6.9996 of the shares outstanding. The other top investors are FOSUN INTERNATIONAL LTD which holds 12.31 million shares representing 6.9913 and valued at over $$74.62 million, while RUBRIC CAPITAL MANAGEMENT LP holds 5.4174 of the shares totaling 9.54 million with a market value of $$57.82 million.
Amneal Pharmaceuticals Inc (AMRX) Insider Activity
The most recent transaction is an insider sale by BOYER ANDREW S,the company’sExecutive Vice President. SEC filings show that BOYER ANDREW S sold 40,225 shares of the company’s common stock on Aug 15 ’24 at a price of $7.85 per share for a total of $0.32 million. Following the sale, the insider now owns 0.26 million shares.
Amneal Pharmaceuticals Inc disclosed in a document filed with the SEC on Aug 14 ’24 that BOYER ANDREW S (Executive Vice President) sold a total of 22,486 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $7.81 per share for $0.18 million. Following the transaction, the insider now directly holds 0.3 million shares of the AMRX stock.
Still, SEC filings show that on Aug 14 ’24, Shah Nikita (Executive Vice President) disposed off 100,000 shares at an average price of $7.75 for $0.78 million. The insider now directly holds 291,666 shares of Amneal Pharmaceuticals Inc (AMRX).
