AMGEN Inc (NASDAQ: AMGN) is -7.47% 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 $270.62 in the last trading session, with the day’s loss setting it -4.12%.
Currently trading at $266.50, the stock is -4.61% and -11.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.71 million and changing -1.52% at the moment leaves the stock -12.71% off its SMA200. AMGN registered -3.55% loss for a year compared to 6-month loss of -12.13%. The firm has a 50-day simple moving average (SMA 50) of $302.8156 and a 200-day simple moving average (SMA200) of $305.3561.
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The stock witnessed a -9.94% gain in the last 1 month and extending the period to 3 months gives it a -19.92%, and is -4.01% 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 1.89% over the week and 2.48% over the month.
AMGEN Inc (AMGN) has around 26700 employees, a market worth around $141.45B and $32.32B in sales. Current P/E ratio is 34.12 and Fwd P/E is 12.87. Profit margin for the company is 13.09%. Distance from 52-week low is 3.37% and -23.17% from its 52-week high. The company has generated returns on investments over the last 12 months (6.57%).
with sales reaching $8.86B over the same period.The EPS is expected to grow by 5.02% this year, but quarterly earnings will post 17.70% year-over-year. Quarterly sales are estimated to grow 8.07% in year-over-year returns.
AMGEN Inc (AMGN) Top Institutional Holders
3602.0 institutions hold shares in AMGEN Inc (AMGN), with institutional investors hold 81.25% of the company’s shares. The shares outstanding are 537.50M, and float is at 536.25M with Short Float at 2.08%. Institutions hold 81.08% 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.
