AMGEN Inc (NASDAQ: AMGN) on Friday, plunged -1.26% from the previous trading day, before settling in for the closing price of $274.06. Within the past 52 weeks, AMGN’s price has moved between $257.80 and $346.85.
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A company in the Healthcare sector has jumped its sales by 3.42% annually for the last half of the decade. The company achieved an average annual earnings per share of 5.02%. With a float of $536.25 million, this company’s outstanding shares have now reached $537.50 million.
In an organization with 26700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 60.35%, operating margin of 18.85%, and the pretax margin is 14.43%.
AMGEN Inc (AMGN) Insider Updates
Observing investor behavior towards Drug Manufacturers – General industry stocks is more important than anything else. The insider ownership of AMGEN Inc is 0.24%, while institutional ownership is 78.09%. The most recent insider transaction that took place on May 03 ’24, was worth 662,802. In this transaction SVP & CCO of this company sold 2,117 shares at a rate of $313.09, taking the stock ownership to the 9,883 shares.
AMGEN Inc (AMGN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to -0.22% drop over the previous five years of trading.
AMGEN Inc (NASDAQ: AMGN) Trading Performance Indicators
AMGEN Inc (AMGN) is currently performing well based on its current performance indicators. A quick ratio of 0.96 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.44. Likewise, its price to free cash flow for the trailing twelve months is 22.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.81, a number that is poised to hit 5.05 in the next quarter and is forecasted to reach 20.71 in one year’s time.
Technical Analysis of AMGEN Inc (AMGN)
Let’s dig in a bit further. During the last 5-days, its volume was 3.43 million. That was better than the volume of 2.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.81%. Additionally, its Average True Range was 7.06.
During the past 100 days, AMGEN Inc’s (AMGN) raw stochastic average was set at 14.40%, which indicates a significant decrease from 32.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.39% in the past 14 days, which was lower than the 25.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $302.82, while its 200-day Moving Average is $305.36. However, in the short run, AMGEN Inc’s stock first resistance to watch stands at $273.12. Second resistance stands at $275.61. The third major resistance level sits at $277.16. If the price goes on to break the first support level at $269.07, it is likely to go to the next support level at $267.52. Assuming the price breaks the second support level, the third support level stands at $265.03.
AMGEN Inc (NASDAQ: AMGN) Key Stats
Market capitalization of the company is 143.64 billion based on 537,533K outstanding shares. Right now, sales total 28,190 M and income totals 6,717 M. The company made 8,503 M in profit during its latest quarter, and 2,830 M in sales during its previous quarter.
