Amarin Corporation plc (AMRN) Stock: Seeing Declines In Today’s Session

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Amarin Corporation plc (AMRN) is making a move down in the market today. The stock, one that is focused on the biotechnology industry, is currently priced at $19.30 after falling -5.07% so far today. When it comes to biotechnology companies, there are quite a few factors that have the ability to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines associated with AMRN:

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Mar-18-19 04:15PM Additional Real-World Data Show a Significant Risk Increase in Cardiovascular Events in People with Elevated Triglyceride Levels
01:27PM Amarin Reports Encouraging Data, Vascepa Shows 30% Reduction In Total Cardiovascular Events In REDUCE-IT Study
09:00AM Vascepa® (icosapent ethyl) Showed 30% Reduction in Total Cardiovascular Events Including Recurrent Events in REDUCE-IT
09:00AM Amarin’s Vascepa cuts occurrence of serious heart problems 30 pct -study
Mar-17-19 10:03AM FILING DEADLINE–Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of DBVT, AMRN, WTW and CRBP

However, when making a decision to invest, investors should focus on much more than news, especially in the generally speculative biotech industry. Here’s what’s happening with Amarin Corporation plc.

How AMRN Has Been Trending

While a move toward the top in a single session, like what we’re seeing from Amarin Corporation plc may lead to fear in some investors, a single session decline by itself should not be the basis of a decision to, or not to, invest in a stock. It’s always a good idea to look at trends experienced by the stock beyond a single session. In the case of AMRN, below are the returns on investment that we have seen:

  • Past 7 Days – In the last five trading sessions, AMRN has seen a price change in the amount of -11.75%.
  • Monthly – The monthly performance from Amarin Corporation plc has been 11.24%.
  • Quarterly – Throughout the past three months, the company has generated a return of 15.64%
  • Bi-Annually – Throughout the past six months, we have seen a change that amounts to 556.46% from the stock.
  • This Year So Far – Since the the last trading session of last year AMRN has produced a ROI of 41.81%.
  • Full Year – Lastly, in the last year, investors have seen performance of 445.20% from AMRN. In this period, the stock has traded at a high of -17.29% and a low of 721.28%.

Ratios That Are Notable

Digging into various ratios associated with a stock can give prospective investors a look of how dangerous and/or potentially profitable a pick might be. Below are a few of the key ratios to think about when looking at AMRN.

Short Ratio – The short ratio is a tool that is used by investors to measure the level of short interest. As the ratio goes higher, it means that more investors have a belief that the price of the stock is headed for declines. In general, biotechnology stocks tend to carry a higher short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to Amarin Corporation plc, it’s short ratio is 2.11.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts when they come due using current assets or quick assets. In the biotech space, many companies rely on continued investor support, the current and quick ratios can seem upsetting. Nonetheless, quite a few good picks in the biotech industry come with good quick and current ratios. As it relates to AMRN, the quick and current ratios add up to 2.00 and 2.40 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price of the stock. In this particular case, that ratio works out to 0.42.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology sector, this is a very important ratio to think about. In this case, the cash to share value comes to 0.75.

Analyst Opinions With Regard To Amarin Corporation plc

While it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their opinions to validate your own due diligence when it comes to making investment decisions in the biotech industry. Below are the most recent moves that we’ve seen from analysts when it comes to AMRN.

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Nov-14-18 Upgrade Citigroup Neutral → Buy
Nov-02-18 Downgrade Citigroup Buy → Neutral
Jun-27-17 Resumed Cantor Fitzgerald Overweight
Oct-19-16 Initiated Citigroup Buy $5
Oct-05-16 Initiated Cantor Fitzgerald Buy $6

Moves From Big Money Players

An interesting fact that I’ve come to understand in my brief period here is that smart money tends to follow the moves made by big money players. That is to say, investors that are looking to play it relatively safe will keep their eyes on moves made by institutional investors as well as those on the inside. So, where is the big money in regard to AMRN? Here’s the scoop:

Institutions own 48.10% of the company. Institutional interest has moved by 8.47% over the past three months. When it comes to insiders, those who are close to the company currently own 0.80% percent of AMRN shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 333.21M shares of Amarin Corporation plc outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, AMRN has a float of 149.51M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to AMRN, the short percent of the float is 11.71%.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.25. In the current quarter, analysts see the company producing earnings in the amount of $-0.10. Over the last 5 years, AMRN has generated revenue in the amount of $54.10% with earnings coming in at 17.60%. On a quarter over quarter basis, earnings have seen movement of -92.60% and revenue has seen movement of 43.40%.

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