Amneal Pharmaceuticals Inc (NASDAQ: AMRX) is 37.56% higher on its value in year-to-date trading and has touched a low of $4.16 and a high of $9.48 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 $8.25 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $8.35, the stock is -2.50% and -2.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.21% at the moment leaves the stock 16.22% off its SMA200. AMRX registered 96.93% gain for a year compared to 6-month gain of 23.16%. The firm has a 50-day simple moving average (SMA 50) of $8.5428 and a 200-day simple moving average (SMA200) of $7.1845.
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The stock witnessed a -2.34% loss in the last 1 month and extending the period to 3 months gives it a -3.69%, and is -0.71% 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 3.02% over the week and 3.94% over the month.
Amneal Pharmaceuticals Inc (AMRX) has around 7850 employees, a market worth around $2.62B and $2.68B in sales. Fwd P/E is 11.48. Profit margin for the company is -6.88%. Distance from 52-week low is 100.72% and -11.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).
The EPS is expected to shrink by -4.30% this year
252.0 institutions hold shares in Amneal Pharmaceuticals Inc (AMRX), with institutional investors hold 96.78% of the company’s shares. The shares outstanding are 306.56M, and float is at 126.50M with Short Float at 3.54%. Institutions hold 46.27% of the Float.
The top institutional shareholder in the company is UBS GROUP AG with over 21.85 million shares valued at $138.74 million. The investor’s holdings represent 7.1106 of the AMRX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.99 million shares valued at $88.86 million to account for 4.5542 of the shares outstanding. The other top investors are TPG GP A, LLC which holds 12.33 million shares representing 4.0122 and valued at over $78.29 million, while BLACKROCK INC. holds 3.6717 of the shares totaling 11.28 million with a market value of $71.64 million.
Amneal Pharmaceuticals Inc (AMRX) Insider Activity
The most recent transaction is an insider sale by Kiely John, the company’s Director. SEC filings show that Kiely John sold 17,058 shares of the company’s common stock on Nov 22 ’24 at a price of $8.38 per share for a total of $0.14 million. Following the sale, the insider now owns 0.27 million shares.
Amneal Pharmaceuticals Inc disclosed in a document filed with the SEC on Nov 22 ’24 that Autor Deborah M. (Director) sold a total of 33,229 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $8.34 per share for $0.28 million. Following the transaction, the insider now directly holds 53402.0 shares of the AMRX stock.
Still, SEC filings show that on Nov 21 ’24, Autor Deborah M. (Director) disposed off 6,771 shares at an average price of $8.41 for $56944.0. The insider now directly holds 86,631 shares of Amneal Pharmaceuticals Inc (AMRX).
