How to Buy Amarin Stock
Amarin Corp PLC
Amarin Corporation plc, a pharmaceutical company, engages in the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States, Germany, Canada, Lebanon, and the United Arab Emirates.
Amarin stock last closed at $0.92, up 5.02% from the previous day, and has decreased 33.26% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.46 percentage points. Amarin stock is currently +41.47% from its 52-week low of $0.65, and -37.98% from its 52-week high of $1.49.
At the moment, there are 410.67M AMRN shares outstanding. The market value of AMRN is $378.23M. In the last 24 hours, 1.16M AMRN shares were traded.
How to Buy Amarin Stock
Not sure how to invest in Amarin stock? Here's how.
- Figure out where to buy Amarin stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Amarin stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Select your payment method and add your info.
- Research Amarin stock: The Amarin ticker symbol is AMRN. Is Amarin stock a good investment? Should you buy shares of AMRN? How do AMRN's underlying business fundamentals look? Do top analysts think Amarin is a good buy? Why has AMRN's stock price moved recently? (Hint: Our stock market research tools can help you decide if AMRN is a good stock to buy).
- Execute your AMRN trade: Decide if you will purchase AMRN shares at the current market price or use a limit order to purchase AMRN shares at a particular price.
- Get the latest scoop on your AMRN position: Create a watchlist to important updates regarding your position in Amarin shares.
Step 1: Figure out where to buy Amarin stock
You need a brokerage account in order to access the NASDAQ market and buy AMRN stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to invest in AMRN today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your brokerage account
Now that you've created your account on the best stock trading app for beginners, you can securely and quickly fund your account:
Watch the video below if you need help transferring funds into your new investment account.
Step 4: Research Amarin stock
Once you have figured out the best place to buy Amarin stock, it's critical to research their stock prior to buying, so you truly comprehend the risk as well as the upside.
Amarin quick stats
AMRN Fundamentals
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on AMRN's stock page.
Is AMRN stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AMRN's true value.
Using relative valuations metrics:
- AMRN could be undervalued based on its P/B ratio of 0.69x, relative to Drug Manufacturers - General industry P/B ratio of 6.2x
You can access additional valuation research on AMRN's stock here.
AMRN Financial Health Summary
Positive Health Checks:
- AMRN profit margin has gone up from -28.7% to -19.3% in the past year.
- Total AMRN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the AMRN balance sheet.
- AMRN's operating cash flow of $6.88M allows it to safely service it's debt of $8.74M.
- There are more short-term assets than short-term liabilities on the AMRN balance sheet.
Negative Health Checks:
- AMRN earnings of -$53.66M is not sufficient to cover its interest payments.
- AMRN has a relatively high debt to equity ratio of 0.51.
You can dig deeper into what analysts are saying on the Amarin stock forecast page.
Metrics for Advanced AMRN Traders
AMRN Growth Numbers
Last year, AMRN revenue was $306.91M. In the last five year, AMRN's revenue has gone up by 6.01% per year. This was slower than the Drug Manufacturers - General industry average of 7.49%.
You can analyze AMRN's earnings and revenue performance here.
Latest Insiders Trades at AMRN
In the last year, executives and large shareholders at AMRN have sold more shares than they have bought.
Aaron Berg, EVP President US of AMRN, was the latest AMRN insider to sell. They sold $27,222.96 worth of AMRN shares on Jan 31, 2024.
Dig into more about who owns AMRN shares here.
Can I get consistent income from AMRN stock?
No, Amarin doesn't provide an income stream by paying out dividends.
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Step 5: Execute your AMRN trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and your broker will place your order.
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Step 6: Get the latest scoop on your AMRN position
Now that you own some shares in AMRN, you'll want to keep up with your stock purchase.
Add AMRN to a watchlist to monitor your AMRN stock.
AMRN Feed
How to Buy Stock in Amarin
To reiterate, here are the 6 steps you need to take to buy Amarin stock right now:
- Figure out where to buy Amarin stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Amarin stock
- Execute your AMRN trade
- Get the latest scoop on your AMRN position
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Amarin, add AMRN to your watchlist by clicking the button below.
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