Taking a Fresh Look at Amgen Inc. (AMGN)

Amgen Inc. (AMGN) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $171.38, down from yesterday’s close by -0.06%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Amgen Inc. (AMGN) currently trades with a market capitalization of $124.25 Billion. That value represents a market adjusting for revenues that have been falling by -2.73 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $10.52 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $3.23 on a per share basis this quarter. Perhaps, that suggests something about why 0.39% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Amgen Inc. recorded a 52-week high of $201.23. It is now trading 29.85% off that level. The stock is trading $179.41 its 50-day moving average by 8.03%. The stock carved out a 52-week low down at $152.16.

In recent action, Amgen Inc. (AMGN) has made a move of -8.96% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.32% with $719.50 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AMGN.

Previous articleHow Does Acadia Healthcare Company, Inc. (ACHC) Stack Up Right Now?
Next articleAetna Inc. (AET): From Top to Bottom