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AMGEN Inc: Buy, Hold, or Sell? Analysts Weigh In Amid Market Challenges

AMGEN Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $346.85 on 07/25/24, and the lowest price during that time was $249.70, recorded on 10/31/23.

52-week price history of AMGN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. AMGEN Inc’s current trading price is -7.69% away from its 52-week high, while its distance from the 52-week low is 28.22%. The stock’s price range during this period has fluctuated between $249.70 and $346.85. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 2.71 million for the day, which was evidently higher than the average daily volume of 1.91 million over the last three months.

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Financial Performance and Market Capitalization

AMGEN Inc (AMGN) has experienced a quarterly decline of -4.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 172.03B and boasts a workforce of 26700 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 322.89, with a change in price of +15.44. Similarly, AMGEN Inc recorded 2,005,957 in trading volume during the last 100 days, posting a change of +5.07%.

AMGN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for AMGN stands at 10.57. Similarly, the long-term debt-to-equity ratio is also 9.64.

AMGN Stock Stochastic Average

AMGEN Inc’s raw stochastic average for the past 50 days is currently at 33.39%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 51.40%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 31.05% and 24.14%, respectively.

AMGN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 11.16%. However, over the last six months, the performance has been weaker by 15.00%. The price of AMGN increased 0.13% over the last 30 days. And in the last five days, it has surged by 1.42%.

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