Amarin Corp ADR (AMRN): Uncovering A True Diamond In The Rough

Amarin Corp ADR (NASDAQ:AMRN) currently has a daily average trading volume of 1.24M but it saw 870732 shares traded in last market. With a market cap of 233.10M USD, the company’s current market price of $0.57 came falling about -2.78 while comparing to the previous closing price of $0.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.37 and as low as $0.56. In the recent trading on the day, stock has struck highest price mark of $0.567 while lowest mark touched by it was $0.5948.

Taking a look at 20-day trading activity of Amarin Corp ADR (AMRN) gives us an average price of $0.5975, while its current price level is -58.61% below from 52-week high level whereas it is 0.35% 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 $0.6516 while that of 200 days or SMA-200 reads an average of $0.8636. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.42% during that period while stretching the period over a month that increases to 4.16%. 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 36.20 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 -4.98% down while it is -11.00% when we observe its performance for the past one month. Year-to-date it is -34.83% down and over the past year, the stock is showing a downside performance of -35.69%.

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 1.93. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 0.88. Its return on asset (ROA) is -4.03% on average.