AMGEN Inc (NASDAQ: AMGN) is 11.71% higher on its value in year-to-date trading and has touched a low of $253.30 and a high of $346.85 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 AMGN stock was last observed hovering at around $296.97 in the last trading session, with the day’s loss setting it -5.81%.
Currently trading at $291.16, the stock is 1.45% and 5.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing -1.96% at the moment leaves the stock -4.75% off its SMA200. AMGN registered 0.23% gain for a year compared to 6-month loss of -9.78%. The firm has a 50-day simple moving average (SMA 50) of $274.9592 and a 200-day simple moving average (SMA200) of $305.6912.
The stock witnessed a 8.26% gain in the last 1 month and extending the period to 3 months gives it a -2.57%, and is -0.81% 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 1.99% over the week and 2.20% over the month.
AMGEN Inc (AMGN) has around 28000 employees, a market worth around $156.51B and $33.23B in sales. Current P/E ratio is 38.58 and Fwd P/E is 13.49. Profit margin for the company is 12.31%. Distance from 52-week low is 14.95% and -16.06% from its 52-week high. The company has generated returns on investments over the last 12 months (6.48%).
with sales reaching $8.09B over the same period.The EPS is expected to grow by 4.02% this year, but quarterly earnings will post 5.08% year-over-year. Quarterly sales are estimated to grow 8.64% in year-over-year returns.
AMGEN Inc (AMGN) Top Institutional Holders
3567.0 institutions hold shares in AMGEN Inc (AMGN), with institutional investors hold 82.27% of the company’s shares. The shares outstanding are 536.90M, and float is at 536.38M with Short Float at 2.38%. Institutions hold 81.83% 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 5.3951% and valued at over $9.05 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 2.6903 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 Gordon Murdo, the company’s EVP, Global Commercial Ops. SEC filings show that Gordon Murdo sold 8,771 shares of the company’s common stock on Feb 11 ’25 at a price of $294.79 per share for a total of $2.59 million. Following the sale, the insider now owns 44186.0 shares.
Still, SEC filings show that on Feb 07 ’25, Graham Jonathan P (EVP & Gen. Counsel & Secy.) disposed off 25,045 shares at an average price of $293.12 for $7.34 million. The insider now directly holds 28,987 shares of AMGEN Inc (AMGN).
