AMGEN Inc (NASDAQ: AMGN) is -3.22% lower on its value in year-to-date trading and has touched a low of $260.52 and a high of $346.85 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 AMGN stock was last observed hovering at around $283.61 in the last trading session, with the day’s loss setting it -4.85%.
Currently trading at $278.76, the stock is -10.67% and -12.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing -1.71% at the moment leaves the stock -8.98% off its SMA200. AMGN registered 3.63% gain for a year compared to 6-month gain of -11.38%. The firm has a 50-day simple moving average (SMA 50) of $320.8462 and a 200-day simple moving average (SMA200) of $306.4925.
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The stock witnessed a -13.34% loss in the last 1 month and extending the period to 3 months gives it a -15.15%, and is -13.38% 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 4.05% over the week and 2.34% over the month.
AMGEN Inc (AMGN) has around 26700 employees, a market worth around $143.60B and $32.32B in sales. Current P/E ratio is 35.69 and Fwd P/E is 13.46. Profit margin for the company is 13.09%. Distance from 52-week low is 7.00% and -19.63% from its 52-week high. The company has generated returns on investments over the last 12 months (6.57%).
with sales reaching $8.84B over the same period.The EPS is expected to grow by 4.90% this year, but quarterly earnings will post 17.68% year-over-year. Quarterly sales are estimated to grow 7.91% in year-over-year returns.
AMGEN Inc (AMGN) Top Institutional Holders
3591.0 institutions hold shares in AMGEN Inc (AMGN), with institutional investors hold 81.08% of the company’s shares. The shares outstanding are 537.53M, and float is at 536.14M with Short Float at 1.65%. Institutions hold 80.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 51.87 million shares valued at $16.21 billion. The investor’s holdings represent 9.6779% of the AMGN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 46.04 million shares valued at $14.39 billion to account for 8.5901 of the shares outstanding. The other top investors are STATE STREET CORP which holds 28.97 million shares representing 5.4051% and valued at over $9.05 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 2.6954 of the shares totaling 14.45 million with a market value of $4.51 billion.
AMGEN Inc (AMGN) Insider Activity
The most recent transaction is an insider sale by Grygiel Nancy A., the company’s SVP & 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.
