With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.16 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $8.4599 whereas the lowest price it dropped to was $8.11. The 52-week range on AMRX shows that it touched its highest point at $9.48 and its lowest point at $4.16 during that stretch. It currently has a 1-year price target of $10.50. Beta for the stock currently stands at 1.14.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMRX was down-trending over the past week, with a drop of -8.76%, but this was down by -0.35% over a month. Three-month performance surged to 3.69% while six-month performance rose 26.16%. The stock gained 86.31% in the past year, while it has gained 39.04% so far this year. A look at the trailing 12-month EPS for AMRX yields -0.68 with Next year EPS estimates of 0.71. For the next quarter, that number is 0.15. This implies an EPS growth rate of -5.08% for this year and 16.87% for next year. EPS is expected to grow by 3.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.74%.
Float and Shares Shorts:
At present, 306.56 million AMRX shares are outstanding with a float of 122.91 million shares on hand for trading. On 2024-10-31, short shares totaled 3.5 million, which was 112.99999999999999 higher than short shares on 1727654400. In addition to Mr. Chirag K. Patel as the firm’s Co-Founder, Co-CEO, President & Director, Mr. Chintu Patel R.Ph. serves as its Co-Founder, Co-CEO & Director.
Institutional Ownership:
Through their ownership of 0.4627 of AMRX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, AMRX reported revenue of $702468000.0 and operating income of $76475000.0. The EBITDA in the recently reported quarter was $136614000.0 and diluted EPS was -$0.000504.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMRX since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMRX analysts setting a high price target of 12.0 and a low target of 9.0, the average target price over the next 12 months is 10.5. Based on these targets, AMRX could surge 42.18% to reach the target high and rise by 6.64% to reach the target low. Reaching the average price target will result in a growth of 24.41% from current levels.
Analysts have provided yearly estimates in a range of $0.60347 being high and $0.58 being low. For AMRX, this leads to a yearly average estimate of $0.59.
