NASDAQ:AMRN - Amarin Stock Price, News, & Analysis

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$18.39 +0.24 (+1.32 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$18.15
Today's Range$18.02 - $18.40
52-Week Range$2.35 - $23.33
Volume3.66 million shs
Average Volume8.11 million shs
Market Capitalization$5.94 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.27
Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It is also involved in developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol levels. Amarin Corporation plc sells its products principally to wholesalers and specialty pharmacy providers through direct sales force. It has collaboration with Mochida Pharmaceutical Co., Ltd. for the development of EPA-Based drug products and indications. The company was formerly known as Ethical Holdings plc and changed its name to Amarin Corporation plc in 1999. Amarin Corporation plc was founded in 1989 and is headquartered in Dublin, Ireland.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:AMRN
CUSIPN/A
Phone353-1669-9020

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$229.21 million
Book Value$0.40 per share

Profitability

Net Income$-116,440,000.00

Miscellaneous

EmployeesN/A
Market Cap$5.94 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Amarin (NASDAQ:AMRN) Frequently Asked Questions

What is Amarin's stock symbol?

Amarin trades on the NASDAQ under the ticker symbol "AMRN."

How were Amarin's earnings last quarter?

Amarin Co. plc (NASDAQ:AMRN) issued its earnings results on Wednesday, February, 27th. The biopharmaceutical company reported ($0.11) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.03. The biopharmaceutical company earned $77.30 million during the quarter, compared to analysts' expectations of $73.87 million. The company's revenue was up 43.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. View Amarin's Earnings History.

When is Amarin's next earnings date?

Amarin is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Amarin.

What guidance has Amarin issued on next quarter's earnings?

Amarin updated its FY 2019 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $350-350 million, compared to the consensus revenue estimate of $352.7 million.

What price target have analysts set for AMRN?

6 equities research analysts have issued 1-year target prices for Amarin's stock. Their forecasts range from $20.00 to $51.00. On average, they expect Amarin's share price to reach $32.1667 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price. View Analyst Price Targets for Amarin.

What is the consensus analysts' recommendation for Amarin?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amarin in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Amarin.

What are Wall Street analysts saying about Amarin stock?

Here are some recent quotes from research analysts about Amarin stock:
  • 1. HC Wainwright analysts commented, "Our PT of $51 is based on equally weighted average of: (a) $41.37/share, as a 25x multiple of taxed and diluted FY29 GAAP EPS of $6.69 discounted back to and (b) an NPV of $60.99/share (discount rate 10%, growth rate 2%). Risks to our investment thesis and target price include: (1) Vascepa commercial ramp-up and/or peak sales not meeting our projections; and (2) further competitive disruption of the omega-3 market by branded drugs or generics and/ or OTC supplements beyond our model." (4/1/2019)
  • 2. Stifel Nicolaus analysts commented, "We believe Vascepa’s REDUCE-IT study results are impressive and based on our physician survey, will most certainly lead to robust growth, likely above management’s 2019 guidance. With that said, our call here does run counter to the prevailing sentiment that AMRN will be acquired in the near term and believe the outcome of an advisory committee discussing the REDUCE-IT results and controversies around them will be needed before a takeout can occur. Our diligence with regulatory experts get us comfortable with an FDA approval for a Vascepa label expansion to include reduction in CV risk based on the REDUCE-IT results in early 2020, which should effectively increase its addressable market size by a factor of 20. From a valuation perspective, we use a blended methodology given the takeout premium in the stock and arrive at a $27 target price." (3/21/2019)
  • 3. According to Zacks Investment Research, "Amarin Corporation plc is a global pharmaceutical group which develops innovative pharmaceutical products across a range of therapeutic areas utilizing its proprietary advanced oral and transdermal drug delivery technologies. " (1/23/2019)
  • 4. Cantor Fitzgerald analysts commented, "We think the peak sales potential of Vascepa is underappreciated. Therefore, upward earnings revisions to levels not reflected in FactSet consensus expectations should drive AMRN shares higher. Valuation Summary We continue to use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $35." (12/14/2018)

Has Amarin been receiving favorable news coverage?

Press coverage about AMRN stock has been trending positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Amarin earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media stories about the biopharmaceutical company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.

Are investors shorting Amarin?

Amarin saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 21,149,076 shares, an increase of 25.4% from the March 15th total of 16,859,967 shares. Based on an average trading volume of 10,714,138 shares, the short-interest ratio is currently 2.0 days. Currently, 7.3% of the company's shares are short sold. View Amarin's Current Options Chain.

Who are some of Amarin's key competitors?

What other stocks do shareholders of Amarin own?

Who are Amarin's key executives?

Amarin's management team includes the folowing people:
  • Mr. John F. Thero, Pres, CEO & Director (Age 58)
  • Mr. Michael W. Kalb, CFO, Sr. VP & Assistant Sec. (Age 48)
  • Dr. Steven B. Ketchum, Pres of R&D, Sr. VP and Chief Scientific Officer (Age 54)
  • Mr. Joseph T. Kennedy, Exec. VP, Gen. Counsel & Strategic Initiatives (Age 51)
  • Ms. Elisabeth Schwartz, Sr. Director of Investor Relations

Who are Amarin's major shareholders?

Amarin's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Rhenman & Partners Asset Management AB (0.11%), Chartwell Investment Partners LLC (0.10%), Virtu Financial LLC (0.03%), Eqis Capital Management Inc. (0.01%), Trellus Management Company LLC (0.01%) and Perkins Capital Management Inc. (0.01%). Company insiders that own Amarin stock include John F Thero, Joseph S Zakrzewski, Joseph T Kennedy, Kristine Peterson, Lars Ekman, Michael Wayne Kalb and Steven B Ketchum. View Institutional Ownership Trends for Amarin.

Which major investors are selling Amarin stock?

AMRN stock was sold by a variety of institutional investors in the last quarter, including Perkins Capital Management Inc., FNY Investment Advisers LLC and BKS Advisors LLC. Company insiders that have sold Amarin company stock in the last year include John F Thero, Joseph S Zakrzewski, Joseph T Kennedy, Kristine Peterson, Lars Ekman, Michael Wayne Kalb and Steven B Ketchum. View Insider Buying and Selling for Amarin.

Which major investors are buying Amarin stock?

AMRN stock was bought by a variety of institutional investors in the last quarter, including Rhenman & Partners Asset Management AB, Chartwell Investment Partners LLC, Virtu Financial LLC, Eqis Capital Management Inc., Trellus Management Company LLC, Lindbrook Capital LLC and Winslow Evans & Crocker Inc.. View Insider Buying and Selling for Amarin.

How do I buy shares of Amarin?

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

What is Amarin's stock price today?

One share of AMRN stock can currently be purchased for approximately $18.39.

How big of a company is Amarin?

Amarin has a market capitalization of $5.94 billion and generates $229.21 million in revenue each year. The biopharmaceutical company earns $-116,440,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.

What is Amarin's official website?

The official website for Amarin is http://www.amarincorp.com.

How can I contact Amarin?

Amarin's mailing address is 2 Pembroke House Upper Pembroke Street 28-32, Dublin L2, Dublin 2. The biopharmaceutical company can be reached via phone at 353-1669-9020 or via email at [email protected]


MarketBeat Community Rating for Amarin (NASDAQ AMRN)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  621 (Vote Outperform)
Underperform Votes:  382 (Vote Underperform)
Total Votes:  1,003
MarketBeat's community ratings are surveys of what our community members think about Amarin and other stocks. Vote "Outperform" if you believe AMRN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMRN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/23/2019 by MarketBeat.com Staff

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