Key Takeaways:
- Amarin Corporation is undergoing a significant change in its ADS ratio to meet Nasdaq's listing requirements.
- Analysts predict a substantial downside in stock price, with an average target price suggesting an 89.02% drop from its current value.
- GuruFocus estimates a hopeful 17.01% upside based on the GF Value for Amarin in the coming year.
Amarin Corporation (AMRN, Financial) plans to implement a pivotal change on April 11, 2025. The representation of its American Depositary Shares (ADS) will shift from one ADS per share to one ADS per 20 shares. This strategic move is designed to elevate the company's share price, thereby fulfilling Nasdaq's $1.00 minimum bid requirement and securing its listing status.
Analysts' Forecasts and Recommendations
According to projections provided by two analysts, the average target price for Amarin Corp PLC (AMRN, Financial) stands at $1.00. This estimate ranges uniformly, with both the high and low set at $1.00. This average figure suggests a stark downside of 89.02% from the current trading price of $9.11. For a more in-depth analysis, explore additional data on the Amarin Corp PLC (AMRN) Forecast page.
Additionally, the consensus from three brokerage firms yields an average brokerage recommendation of 3.7 for Amarin Corp PLC (AMRN, Financial), classifying it as "Underperform." The rating system employed ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the anticipated GF Value for Amarin Corp PLC (AMRN, Financial) over the next year is projected to reach $10.66. This valuation suggests a potential upside of 17.01% from the current price of $9.11. The GF Value is GuruFocus' proprietary estimate of the stock's fair market value, derived from historical trading multiples, past business growth, and future performance estimates. Investors can find more comprehensive insights on the Amarin Corp PLC (AMRN) Summary page.
