AMGEN Inc (NASDAQ: AMGN) is -1.79% lower on its value in year-to-date trading and has touched a low of $257.80 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 $280.07 in the last trading session, with the day’s gains setting it 2.8%.
Currently trading at $282.87, the stock is -5.60% and -9.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing 1.00% at the moment leaves the stock -7.48% off its SMA200. AMGN registered 6.10% gain for a year compared to 6-month gain of -7.51%. The firm has a 50-day simple moving average (SMA 50) of $312.52 and a 200-day simple moving average (SMA200) of $305.74203.
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The stock witnessed a -10.35% loss in the last 1 month and extending the period to 3 months gives it a -15.27%, and is -2.42% 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 3.24% over the week and 2.87% over the month.
AMGEN Inc (AMGN) has around 26700 employees, a market worth around $153.57B and $32.32B in sales. Current P/E ratio is 36.22 and Fwd P/E is 13.67. Profit margin for the company is 13.09%. Distance from 52-week low is 9.72% and -18.45% from its 52-week high. The company has generated returns on investments over the last 12 months (6.57%).
The EPS is expected to grow by 4.96% this year.
AMGEN Inc (AMGN) Top Institutional Holders
3593.0 institutions hold shares in AMGEN Inc (AMGN), with institutional investors hold 81.24% of the company’s shares. The shares outstanding are 537.53M, and float is at 536.14M with Short Float at 1.83%. Institutions hold 81.04% 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.
