Amarin Corp ADR (NASDAQ: AMRN) Drops -11.11% Over A Month, But Analysts Still See Upside Potential

Amarin Corp ADR (NASDAQ:AMRN) currently has a daily average trading volume of 1.74M but it saw 737867 shares traded in last market. With a market cap of 249.21M USD, the company’s current market price of $0.61 came falling about -1.33 while comparing to the previous closing price of $0.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.37 and as low as $0.57. In the recent trading on the day, stock has struck highest price mark of $0.6001 while lowest mark touched by it was $0.6348.

Taking a look at 20-day trading activity of Amarin Corp ADR (AMRN) gives us an average price of $0.6343, while its current price level is -55.75% below from 52-week high level whereas it is 6.33% 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 $0.6972 while that of 200 days or SMA-200 reads an average of $0.8789. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.73% during that period while stretching the period over a month that increases to 6.34%. 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 39.03 which implies that the stock is in neutral territory.

Jefferies downgraded its recommendation for the stock as a “Hold” from “Buy” on October 25, 2023 while assigning a price target range of $3-$1. Jefferies issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $1.30 and $3.

Over the week, AMRN’s stock price is moving -1.43% down while it is -11.11% when we observe its performance for the past one month. Year-to-date it is -30.32% down and over the past year, the stock is showing a downside performance of -42.27%.

Currently, Amarin Corp ADR’s total number of outstanding shares is 411.11M. Company’s return on investment (ROI) stands at -5.97% and return on equity (ROE) at -5.97%. Stock’s beta reads 1.94. Stock has a price to book (P/B) ratio of 0.45 while price to sale or P/S ratio amounts to 0.94. Its return on asset (ROA) is -4.03% on average.