Let’s look at the key reasons that are pushing Amarin Corp ADR (AMRN) to new highs

A new trading day began on Friday, with Amarin Corp ADR (NASDAQ: AMRN) stock price up 4.52% from the previous day of trading, before settling in for the closing price of $0.52. AMRN’s price has ranged from $0.46 to $1.37 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Healthcare Sector giant saw their annual sales surged by 14.60% over the last five years. Meanwhile, its annual earnings per share averaged 8.89%. With a float of $409.93 million, this company’s outstanding shares have now reached $411.26 million.

The firm has a total of 275 workers. Let’s measure their productivity. In terms of profitability, gross margin is 55.53%, operating margin of -18.17%, and the pretax margin is -12.31%.

Amarin Corp ADR (AMRN) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – General Industry. The insider ownership of Amarin Corp ADR is 0.32%, while institutional ownership is 16.62%. The most recent insider transaction that took place on Aug 02 ’24, was worth 102,400. In this transaction President and CEO of this company bought 160,000 shares at a rate of $0.64, taking the stock ownership to the 805,380 shares. Before that another transaction happened on Jan 22 ’24, when Company’s President and CEO bought 14,426 for $1.09, making the entire transaction worth $15,724. This insider now owns 314,426 shares in total.

Amarin Corp ADR (AMRN) Recent Fiscal highlights

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.90% during the next five years compared to 17.93% growth over the previous five years of trading.

Amarin Corp ADR (NASDAQ: AMRN) Trading Performance Indicators

Here are Amarin Corp ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.10, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.21 in one year’s time.

Technical Analysis of Amarin Corp ADR (AMRN)

Analysing the last 5-days average volume posted by the [Amarin Corp ADR, AMRN], we can find that recorded value of 1.9 million was better than the volume posted last year of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 52.64%. Additionally, its Average True Range was 0.04.

During the past 100 days, Amarin Corp ADR’s (AMRN) raw stochastic average was set at 25.46%, which indicates a significant decrease from 50.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.14% in the past 14 days, which was higher than the 57.90% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.5768, while its 200-day Moving Average is $0.7682. Now, the first resistance to watch is $0.5656. This is followed by the second major resistance level at $0.5825. The third major resistance level sits at $0.6051. If the price goes on to break the first support level at $0.5261, it is likely to go to the next support level at $0.5035. Now, if the price goes above the second support level, the third support stands at $0.4866.

Amarin Corp ADR (NASDAQ: AMRN) Key Stats

With a market capitalization of 225.62 million, the company has a total of 410,672K Shares Outstanding. Currently, annual sales are 306,910 K while annual income is -59,110 K. The company’s previous quarter sales were 42,300 K while its latest quarter income was -25,130 K.