Amarin Corp Ads (NASDAQ:AMRN) shares traded -0.34% down during most recent session to reach at the closing price of $2.95. The stock exchanged hands 1.1 Million shares versus average trading capacity of 1.21 Million shares, yielding a market cap of $795.32 Million. Wall Street analysts covering the stock are projecting that the stock will reach $6.2 within the next 52-weeks. The mean target projections are based on 5 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Amarin Corp Ads (NASDAQ:AMRN) high price target of $10 and with a conservative view have low price target of $5.
Citigroup “Initiates Coverage On” Amarin Corp Ads (NASDAQ:AMRN) in a research note issued to investors on 10/19/16 to Buy.
Additionally on 10/05/16 Cantor Fitzgerald “Initiates Coverage on” Amarin Corp Ads (NASDAQ:AMRN) to Buy setting price target at $6 and on 10/04/16 Cantor Fitzgerald “Initiates Coverage on” the stock to Buy at $6. Furthermore on 5/12/16 Jefferies “Initiates Coverage on” the stock to Buy at $3.5.
On the other hand the company has Relative Strength Index (RSI 14) of 43.16 along with Average True Range (ATR 14) of 0.08, Consequently Amarin Corp Ads (NASDAQ:AMRN)’s weekly and monthly volatility is 2.49%, 2.63% respectively. The company’s beta value is at 0.73.
In terms of Buy, Sell or Hold recommendations, Amarin Corp Ads (NASDAQ:AMRN) has analysts’ mean recommendation of 1.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Amarin Corp Ads (NASDAQ:AMRN)’s minimum EPS for the current quarter is at $-0.07 and can go high up to $-0.05. The consensus mean EPS for the current quarter is at $-0.06 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.07 earnings per share for the same quarter during last year.
Previously Amarin Corp Ads (NASDAQ:AMRN) reported $-0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.07 by $-0.01. The company posted an earnings surprise of -14.3%.
While considering growth estimates of the company, it has next quarter growth estimates of 25% whereas during current quarter it has 14.3% estimations over growth, comparing to the estimations of 41.5% during current year and 62.5% for next year. Past 5 years growth of Amarin Corp Ads (NASDAQ:AMRN) observed at 65.14%, looking forward for the next 5 years it has a strong prediction of 216% over growth.
Amarin Corp Ads (NASDAQ:AMRN)’s revenue estimates for the current quarter are $40.33 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $42.3 Million in contradiction of low revenue estimates of $38.9 Million. For the current year the company’s revenue estimates are $165.05 Million compared to low analyst estimates of $158.54 Million and high estimates of $172 Million according to 3 number of analysts.
Currently Amarin Corp Ads (NASDAQ:AMRN)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 38.4%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.73%.
Amarin Corp Ads (NASDAQ:AMRN) 52-week high price stands at $3.65 and low price stands at $1.90, its price distance from 52-week high is -19.18% while its distance from 52-week low price is 55.26%. The stock hit its 52-week high on 10/27/16, and 52-week low on 06/27/16.
Amarin Corp Ads (NASDAQ:AMRN)’s trailing twelve month revenues are $139.2 Million, whereas its price to sales ratio for the same period is 5.71. Its book value per share for the most recent quarter is $-0.2 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.36, however its price to cash per share ratio for the same period is 8.28. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.
