Amneal Pharmaceuticals Inc (NASDAQ:AMRX) currently has a daily average trading volume of 1.45M but it saw 2055152 shares traded in last market. With a market cap of 2.42B USD, the company’s current market price of $7.81 came falling about -0.64 while comparing to the previous closing price of $7.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.15 and as low as $3.36. In the recent trading on the day, stock has struck highest price mark of $7.665 while lowest mark touched by it was $7.93.
Taking a look at 20-day trading activity of Amneal Pharmaceuticals Inc (AMRX) gives us an average price of $7.34, while its current price level is -4.17% below from 52-week high level whereas it is 132.44% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.03 while that of 200 days or SMA-200 reads an average of $5.91. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.96% during that period while stretching the period over a month that decreases to 4.59%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.83 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which resumed the stock as “Sector Perform” in its note to investors issued on April 07, 2021, recommending a price target of $5 for it. Goldman upgraded its recommendation for the stock as a “Buy” from “Sell” on March 08, 2021 while assigning a price target range of $4-$6.50. Guggenheim issued its recommendations for the stock as it upgraded the price target for the stock is $5.50.
Over the week, AMRX’s stock price is moving 14.68% up while it is 2.76% when we observe its performance for the past one month. Year-to-date it is 28.67% up and over the past year, the stock is showing an upside performance of 98.73%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.19 beat the consensus estimate of 0.13 for the same. In next quarter, company is expected to be making quarterly sales of $699.63M as analysts are expecting the sales for current fiscal year at $2.75B and seeing the company making $2.84B in sales next year. Moreover, analysts are in estimates of $694.17M for current-quarter revenue.
Currently, Amneal Pharmaceuticals Inc’s total number of outstanding shares is 306.56M with 54.52% of that held by the insiders while 34.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -7.88% and return on equity (ROE) at -133.96%. It has a 11.20 of forward P/E ratio. Stock’s beta reads 1.16. Stock has a price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is -4.84% on average.
