AMGEN Inc (AMGN) poses a Brand-New Opportunity for Investors with beta value of 0.56

AMGEN Inc (NASDAQ: AMGN) established initial surge of 2.83% at $287.87, before settling in for the price of $279.95 at the close. Taking a more long-term approach, AMGN posted a 52-week range of $260.52-$346.85.

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The Healthcare sector firm’s twelve-monthly sales growth has been 3.42% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -0.22%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.95%. This publicly-traded company’s shares outstanding now amounts to $537.53 million, simultaneously with a float of $536.14 million. The organization now has a market capitalization sitting at $154.74 billion. At the time of writing, stock’s 50-day Moving Average stood at $318.08, while the 200-day Moving Average is $305.92.

AMGEN Inc (AMGN) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the AMGEN Inc industry. AMGEN Inc’s current insider ownership accounts for 0.26%, in contrast to 78.01% institutional ownership. According to the most recent insider trade that took place on May 03 ’24, this organization’s SVP & CCO sold 2,117 shares at the rate of 313.09, making the entire transaction reach 662,802 in total value, affecting insider ownership by 9,883. Preceding that transaction, on Dec 04 ’23, Company’s SVP & CCO sold 2,096 for 273.03, making the whole transaction’s value amount to 572,276. This particular insider is now the holder of 10,874 in total.

AMGEN Inc (AMGN) Earnings and Revenue Records

AMGEN Inc’s EPS increase for this current 12-month fiscal period is 4.95% and is forecasted to reach 20.72 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 5.00% through the next 5 years, which can be compared against the -0.22% growth it accomplished over the previous five years trading on the market.

AMGEN Inc (NASDAQ: AMGN) Trading Performance Indicators

Let’s observe the current performance indicators for AMGEN Inc (AMGN). It’s Quick Ratio in the last reported quarter now stands at 0.96. The Stock has managed to achieve an average true range (ATR) of 8.15. Alongside those numbers, its PE Ratio stands at $36.86, and its Beta score is 0.56. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.79. Similarly, its price to free cash flow for trailing twelve months is now 24.63.

In the same vein, AMGN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 7.81, a figure that is expected to reach 5.04 in the next quarter, and analysts are predicting that it will be 20.72 at the market close of one year from today.

Technical Analysis of AMGEN Inc (AMGN)

Now, what If we examine the latest scores posted by [AMGEN Inc, AMGN]. During the last 5-days, its volume was better the volume of 2.47 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 11.98% While, its Average True Range was 8.86.

Raw Stochastic average of AMGEN Inc (AMGN) in the period of the previous 100 days is set at 17.27%, which indicates a major fall in contrast to 23.36% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 38.58% that was higher than 24.82% volatility it exhibited in the past 100-days period.