Amarin Corp ADR (NASDAQ: AMRN) is -17.51% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $1.11 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 AMRN stock was last observed hovering at around $0.47 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $0.40, the stock is -26.76% and -26.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.66 million and changing -14.94% at the moment leaves the stock -34.22% off its SMA200. AMRN registered -56.66% loss for a year compared to 6-month loss of -33.16%.
The stock witnessed a -23.56% gain in the last 1 month and extending the period to 3 months gives it a -17.06%, and is -24.34% 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 18.98% over the week and 10.10% over the month.
Amarin Corp ADR (AMRN) has around 275 employees, a market worth around $164.55M and $242.15M in sales. Profit margin for the company is -16.37%. Distance from 52-week low is 0.02% and -63.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.35%).
with sales reaching $51.26M over the same period.The EPS is expected to grow by 25.80% this year, but quarterly earnings will post -11.61% year-over-year. Quarterly sales are estimated to shrink -9.31% in year-over-year returns.
The shares outstanding are 411.26M, and float is at 409.54M with Short Float at 4.10%.
The top institutional shareholder in the company is SARISSA CAPITAL MANAGEMENT LP with over 24.85 million shares valued at $17.1 million. The investor’s holdings represent 6.0486 of the AMRN Shares outstanding. As of 2024-06-30, the second largest holder is KYNAM CAPITAL MANAGEMENT, LP with 12.16 million shares valued at $8.36 million to account for 2.9587 of the shares outstanding. The other top investors are DG CAPITAL MANAGEMENT, LLC which holds 5.12 million shares representing 1.2452 and valued at over $3.52 million, while EVERSEPT PARTNERS, LP holds 1.0487 of the shares totaling 4.31 million with a market value of $2.96 million.
Amarin Corp ADR (AMRN) Insider Activity
The most recent transaction is an insider purchase by Berg Aaron, the company’s President and CEO. SEC filings show that Berg Aaron bought 160,000 shares of the company’s common stock on Aug 02 ’24 at a price of $0.64 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.81 million shares.
