Amarin (AMRN) Stock Price, News & Analysis

Company Overview

Amarin Corporation plc, a pharmaceutical company, engages in the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States, European countries, Canada, Lebanon, and the United Arab Emirates. The company offers VASCEPA, a prescription-only omega-3 fatty acid product, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It sells its products principally to wholesalers and specialty pharmacy providers. The company has a collaboration with Mochida Pharmaceutical Co., Ltd. to develop and commercialize drug products and indications based on the active pharmaceutical ingredient in Vascepa. The company was formerly known as Ethical Holdings plc and changed its name to Amarin Corporation plc in 1999. Amarin Corporation plc was incorporated in 1989 and is headquartered in Dublin, Ireland.

Key Stats

• Today's Range: $0.59 to $0.60
• 50-Day Range: $0.58 to $0.80
• 52-Week Range: $0.57 to $1.37
• Volume: 561,644 shs
• Average Volume: 1.66 million shs
• Market Capitalization: $242.34 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.00
• Consensus Rating: Hold

Amarin Stock Analysis - MarketRank™

Amarin scored higher than 33% of companies evaluated by MarketBeat, and ranked 799th out of 1,006 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Amarin has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Amarin has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Amarin are expected to decrease in the coming year, from ($0.18) to ($0.23) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Amarin is -4.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Amarin is -4.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Amarin has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.38% of the outstanding shares of Amarin have been sold short.

Short Interest Ratio / Days to Cover

Amarin has a short interest ratio ("days to cover") of 12.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Amarin has recently decreased by 3.39%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Amarin does not currently pay a dividend.

Dividend Growth

Amarin does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.38% of the outstanding shares of Amarin have been sold short.

Short Interest Ratio / Days to Cover

Amarin has a short interest ratio ("days to cover") of 12.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Amarin has recently decreased by 3.39%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.7 / 5
• News Sentiment: -0.66

News Sentiment

Amarin has a news sentiment score of -0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Amarin this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Amarin to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Amarin insiders have bought more of their company's stock than they have sold. Specifically, they have bought $102,400.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.96% of the stock of Amarin is held by insiders.

Percentage Held by Institutions

Only 22.25% of the stock of Amarin is held by institutions.

AMRN Stock Analysis - Frequently Asked Questions

How have AMRN shares performed this year?

Amarin's stock was trading at $0.87 at the beginning of the year. Since then, AMRN stock has decreased by 32.2% and is now trading at $0.5901.
View the best growth stocks for 2024 here.

How were Amarin's earnings last quarter?

Amarin Co. plc (NASDAQ:AMRN) announced its quarterly earnings data on Wednesday, May, 1st. The biopharmaceutical company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The biopharmaceutical company had revenue of $56.52 million for the quarter, compared to analyst estimates of $51.34 million. Amarin had a negative trailing twelve-month return on equity of 6.09% and a negative net margin of 12.66%.

Does Amarin have any subsidiaries?

Amarin subsidiaries include these companies: Ester Neurosciences, Amarin France SAS, Amarin Germany GmbH, Amarin Italy S.r.l, Amarin Pharmaceuticals Ireland Limited, Amarin Pharma Inc., Amarin Switzerland GmbH, Amarin UK Limited, and Ester Neurosciences Limited.

Who are Amarin's major shareholders?

Top institutional shareholders of Amarin include Longitude Cayman Ltd. (0.58%), Waterfront Wealth Inc. (0.21%), Cutter & CO Brokerage Inc. (0.10%) and Prospect Financial Services LLC (0.01%). Insiders that own company stock include Aaron Berg, Steven B Ketchum, Patrick Holt, Olsen Per Wold and Joseph S Zakrzewski.
View institutional ownership trends.

How do I buy shares of Amarin?

Shares of AMRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Amarin own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Amarin investors own include Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Block (SQ), Alibaba Group (BABA) and Tesla (TSLA).

Company Calendar

• Last Earnings: 5/01/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:AMRN
• CUSIP: N/A
• CIK: 897448
• Web: www.amarincorp.com
• Phone: (531) 669-9020
• Fax: N/A
• Employees: 360
• Year Founded: 1991

Price Target and Rating

• Average Stock Price Target: $1.00
• High Stock Price Target: $1.00
• Low Stock Price Target: $1.00
• Potential Upside/Downside: +69.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.12)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-59,110,000.00
• Net Margins: -12.66%
• Pretax Margin: -10.20%
• Return on Equity: -6.09%
• Return on Assets: -4.11%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.04
• Quick Ratio: 2.01

Sales & Book Value

• Annual Sales: $264.78 million
• Price / Sales: 0.92
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.35 per share
• Price / Book: 0.44

Miscellaneous

• Outstanding Shares: 410,672,000
• Free Float: 402,623,000
• Market Cap: $242.34 million
• Optionable: Optionable
• Beta: 1.92