Economy

Amarin Corporation PLC (AMRN) Receiving Positive Media Coverage, Report Shows

Cantor analyst Louise Chen was out pounding the table on shares of Amarin Corporation plc (ADR) (NASDAQ:AMRN), assuming an Overweight rating and price target of $10.00, which represents a potential upside of 190% from where the stock is now trading.

On the other hand Amarin Corp Ads (NASDAQ:AMRN) has Relative Strength Index (RSI 14) of 71.78 along with Average True Range (ATR 14) of 0.1. The analysts estimated mean EPS at -0.06 while the high and low EPS estimate stand at -0.05 and -0.07 respectively. Equities analysts forecast that Amarin Corporation PLC will post ($0.24) earnings per share for the current year. The business is scheduled to issue its next earnings results on Thursday, August 3rd. Average estimation for the current quarter has been provided by 4 analysts. Tower Capital Limited Liability (Trc) owns 0% invested in Amarin Corporation plc (ADR) (NASDAQ:AMRN) for 2,373 shares. The company's forward price to earnings ratio for next fiscal year is 0. The company had revenue of $34.60 million for the quarter, compared to analyst estimates of $37.85 million. Amarin Corporation PLC's revenue for the quarter was up 35.7% compared to the same quarter previous year.

A number of research firms have recently weighed in on AMRN. Zacks Investment Research downgraded Amarin Corporation PLC from a "buy" rating to a "hold" rating in a research note on Monday, May 8th.

Analysts on average have given a price target of $6.2 to Amarin Corporation plc (AMRN) stock. Cantor Fitzgerald restated a "buy" rating and set a $6.00 price objective on shares of Amarin Corporation PLC in a research report on Thursday, March 16th. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.00 target price on shares of Amarin Co. plc in a report on Thursday.

Among 11 analysts covering Crown Holdings (NYSE:CCK), 6 have Buy rating, 0 Sell and 5 Hold. With a return potential of 117%, the stock's consensus target price stands at $7.50.

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Amarin Corporation plc (NASDAQ:AMRN) may have great momentum, but how has it been performing relative to the market? The market capitalization of the company is at $880.05 Million. The company's 50-day moving average is $3.04 and its 200 day moving average is $3.15. For the current year the company's revenue estimates are $165.05 Million compared to low analyst estimates of $158.54 Million and high estimates of $172 Million according to the prediction of 3 analysts. Total debt to equity ratio of the company for most recent quarter is 0 whereas long term debt to equity ratio for most recent quarter is 0. About 1.29 million shares traded. Wells Fargo & Company MN boosted its stake in Amarin Corporation PLC by 4.8% in the first quarter.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. Point72 Asset Management L.P. purchased a new stake in shares of Amarin Corporation PLC during the first quarter valued at approximately $960,000. Renaissance Technologies LLC now owns 1,730,200 shares of the biopharmaceutical company's stock valued at $5,537,000 after buying an additional 1,344,200 shares in the last quarter. Verition Fund Mngmt Ltd Limited Liability Company owns 10,000 shares or 0% of their U.S. portfolio.

Amarin Corp. Plc is a biopharmaceutical company, which engages in the commercialization and development of therapeutics for cardiovascular health. The Firm operates through the development and commercialization of Vascepa segment. The Company's lead product, Vascepa capsule, is approved by the United States Food and Drug Administration (FDA) for use as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia.

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