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Saturday, December 9, 2023

Amarin Corp ADR (AMRN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Amarin Corp ADR (AMRN) shows that investor sentiment remained same, with the stock’s consolidated last price to $0.76. The Amarin Corp ADR has recorded 6,621 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that New REDUCE-IT® Analyses Show VASCEPA® (icosapent ethyl) Associated with 29 Percent Relative Risk Reduction Compared with Placebo in Prespecified Subgroup of Patients with Metabolic Syndrome, but Without Diabetes at Baseline.

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Stocks Info

Amarin Corp ADR is listed on the NASDAQ in the Healthcare sector while operating in the Drug Manufacturers – General industry. At the end of the last regular session, the stock closed at $0.76 and fluctuated between $0.8000 as its day high and $0.7300 as its day low. The current market capitalization of Amarin Corp ADR is $310.50M. A total of 0.8 million shares were traded on the day, compared to an average of 1.68M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AMRN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 11 SELLs from insiders. Insiders purchased 518,662 shares during that period but sold 219,698.

In the most recent transaction, Holt Patrick bought 300,000 shares of AMRN for 1.04 per share on Aug 16. After the transaction, the President and CEO now owns 300,000 company shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AMRN in the last 3 months, the mean price target is $2.05 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, AMRN has a high of $2.23 and a low of $0.65.

As of this writing, AMRN has an earnings estimate of $Amgen Inc. per share for the current quarter. EPS was calculated based on a consensus of Amazon.com, Inc. estimates, with a high estimate of $Alpha Metallurgical Resources, per share and a lower estimate of $Amarin Corporation plc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AMRN’s latest balance sheet shows that the firm has $454.13M in Cash & Short Term Investments as of fiscal 2021. There were $8.58M in debt and $370.68M in liabilities at the time. Its Book Value Per Share was $1.35, while its Total Shareholder’s Equity was $667.10M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMRN is Buy with a score of 3.00.

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