Amarin Corp ADR (NASDAQ: AMRN) is -40.23% lower on its value in year-to-date trading and has touched a low of $0.54 and a high of $1.37 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 $0.57 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.52, the stock is -10.77% and -11.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -8.69% at the moment leaves the stock -34.12% off its SMA200. AMRN registered -30.85% loss for a year compared to 6-month loss of -43.01%. The firm has a 50-day simple moving average (SMA 50) of $0.587 and a 200-day simple moving average (SMA200) of $0.7895.
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The stock witnessed a -10.36% gain in the last 1 month and extending the period to 3 months gives it a -15.68%, and is -9.64% 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 5.51% over the week and 6.09% over the month.
Amarin Corp ADR (AMRN) has around 275 employees, a market worth around $213.86M and $242.15M in sales. Profit margin for the company is -16.37%. Distance from 52-week low is -3.70% and -62.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.35%).
The EPS is expected to grow by 8.89% this year
197.0 institutions hold shares in Amarin Corp ADR (AMRN), with institutional investors hold 17.99% of the company’s shares. The shares outstanding are 411.26M, and float is at 409.93M with Short Float at 4.38%. Institutions hold 17.70% of the Float.
The top institutional shareholder in the company is SARISSA CAPITAL MANAGEMENT LP with over 24.85 million shares valued at $17.1 million. The investor’s holdings represent 6.059 of the AMRN Shares outstanding. As of 2024-06-30, the second largest holder is KYNAM CAPITAL MANAGEMENT, LP with 12.16 million shares valued at $8.36 million to account for 2.9638 of the shares outstanding. The other top investors are DG CAPITAL MANAGEMENT, LLC which holds 5.12 million shares representing 1.2473 and valued at over $3.52 million, while EVERSEPT PARTNERS, LP holds 1.0505 of the shares totaling 4.31 million with a market value of $2.96 million.
Amarin Corp ADR (AMRN) Insider Activity
The most recent transaction is an insider purchase by Berg Aaron, the company’s President and CEO. SEC filings show that Berg Aaron bought 160,000 shares of the company’s common stock on Aug 02 ’24 at a price of $0.64 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.81 million shares.
Amarin Corp ADR disclosed in a document filed with the SEC on Jan 22 ’24 that Holt Patrick (President and CEO) bought a total of 14,426 shares of the company’s common stock. The trade occurred on Jan 22 ’24 and was made at $1.09 per share for $15724.0. Following the transaction, the insider now directly holds 0.31 million shares of the AMRN stock.
Still, SEC filings show that on Dec 12 ’23, Ketchum Steven B (Chief Scientific Officer) disposed off 34,131 shares at an average price of $0.79 for $26963.0. The insider now directly holds 566,100 shares of Amarin Corp ADR (AMRN).
