Amarin Corp ADR (AMRN) Reports -50.40% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Amarin Corp ADR (NASDAQ:AMRN) does about 1.39M shares in volume on a normal day but saw 1968808 shares change hands in Friday trading. The company now has a market cap of 302.51M USD. Its current market price is $0.74, marking an increase of 7.30% compared to the previous close of $0.69. The 52 week high reached by this stock is $1.49 whilst the lowest price level in 52 weeks is $0.63.

Amarin Corp ADR (AMRN) has a 20-day trading average at $0.7200 and the current price is -50.40% off the 52-week high compared with 17.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8113 and its 200-day simple moving average is $0.8987. If we look at the stock’s price movements over the week, volatility stands at 4.75%, which increases to 7.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.35 to suggest the stock is neutral.

The consensus objective for the share price is $1.00, suggesting that the stock has a potential upside of 26.0% over the period.

#####

Jefferies downgraded the stock to “Hold” from Buy on October 25, 2023 at a price target of $3-$1. Jefferies upgraded its price target at $1.30-$3.

Amarin Corp ADR (AMRN) stock is up 5.08% over the week and 5.21% over the past month. Its price is -15.34% year-to-date and -38.11% over the past year.

#####

To reach the target analysts have set, the stock logically needs to grow 26.0 percent from here.

The company has a return on investment of -9.49% and return on equity of -9.30%. The beta has a value of 1.96. Price to book ratio is 0.55 and price to sales ratio is 1.09.

#####