Amgen Inc Stock Price on May 11, 2024
| AMGN Stock | USD 307.42 1.57 0.51% |
Below is the normalized historical share price chart for Amgen Inc extending back to June 17, 1983. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Amgen stands at 307.42, as last reported on the 4th of June, with the highest price reaching 311.48 and the lowest price hitting 303.85 during the day.
If you're considering investing in Amgen Stock, it is important to understand the factors that can impact its price. Amgen appears to be very steady, given 3 months investment horizon. Amgen Inc secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Amgen Inc, which you can use to evaluate the volatility of the firm. Please makes use of Amgen's risk adjusted performance of 0.0731, and Mean Deviation of 1.17 to double-check if our risk estimates are consistent with your expectations.
At this time, Amgen's Total Stockholder Equity is very stable compared to the past year. As of the 4th of June 2024, Common Stock Shares Outstanding is likely to grow to about 759.2 M, while Common Stock Total Equity is likely to drop about 27.1 B. . At this time, Amgen's Price Cash Flow Ratio is very stable compared to the past year. As of the 4th of June 2024, Price Sales Ratio is likely to grow to 9.47, while Price Earnings Ratio is likely to drop 21.79. Amgen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of June 1983 | 200 Day MA 280.2429 | 50 Day MA 287.0832 | Beta 0.599 |
Amgen |
Sharpe Ratio = 0.1021
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Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Amgen is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Amgen by adding it to a well-diversified portfolio.
Price Book 22.989 | Enterprise Value Ebitda 13.3056 | Price Sales 5.0812 | Shares Float 534.9 M | Dividend Share 8.64 |
Related Headline
SEI Investments Headline on 10th of May 2024
Filed transaction by SEI Investments Director, Officer: Executive Chairman. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Amgen Valuation on May 11, 2024
It is possible to determine the worth of Amgen on a given historical date. On May 11, 2024 Amgen was worth 312.89 at the beginning of the trading date compared to the closed value of 307.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amgen stock. Still, in general, we apply an absolute valuation method to find Amgen's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Amgen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amgen's related companies.
| Open | High | Low | Close | Volume | |
| 309.53 | 314.60 | 306.32 | 310.65 | 2,921,300 | |
05/10/2024 | 312.89 | 314.89 | 307.96 | 307.96 | 2,611,800 |
| 312.15 | 312.15 | 306.27 | 306.27 | 1,558,472 |
| Backtest Amgen | | | Amgen History | | | Amgen Valuation | Previous | Next |
Amgen Trading Date Momentum on May 11, 2024
| On May 13 2024 Amgen Inc was traded for 306.27 at the closing time. The top price for the day was 312.15 and the lowest listed price was 306.27 . The trading volume for the day was 1.6 M. The trading history from May 13, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.55% . The overall trading delta against the current closing price is 2.09% . |
Amgen Inc Fundamentals Correlations and Trends
By evaluating Amgen's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Amgen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Amgen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Amgen Stock history
Amgen investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Amgen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Amgen Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Amgen stock prices may prove useful in developing a viable investing in Amgen
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 538 M | 759.2 M | |
| Net Income Applicable To Common Shares | 7.5 B | 5 B |
Amgen Quarterly Net Working Capital |
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Amgen Stock Technical Analysis
Amgen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Amgen Period Price Range
Low | May 10, 2024
| High |
312.89 | 307.96 |
Amgen June 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Amgen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amgen shares will generate the highest return on investment. By undertsting and applying Amgen stock market strength indicators, traders can identify Amgen Inc entry and exit signals to maximize returns
| Accumulation Distribution | 57479.67 | |||
| Daily Balance Of Power | (0.71) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 311.42 | |||
| Day Typical Price | 310.27 | |||
| Price Action Indicator | (5.93) | |||
| Period Momentum Indicator | (0.54) | |||
| Relative Strength Index | 55.53 |
Amgen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amgen's price direction in advance. Along with the technical and fundamental analysis of Amgen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Amgen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | 0.1623 | |||
| Total Risk Alpha | 0.1141 | |||
| Sortino Ratio | 0.1309 | |||
| Treynor Ratio | 0.16 |
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Additional Information and Resources on Investing in Amgen Stock
When determining whether Amgen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amgen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amgen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amgen Inc Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amgen. If investors know Amgen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amgen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Dividend Share 8.64 | Earnings Share 7 | Revenue Per Share 55.148 | Quarterly Revenue Growth 0.22 |
The market value of Amgen Inc is measured differently than its book value, which is the value of Amgen that is recorded on the company's balance sheet. Investors also form their own opinion of Amgen's value that differs from its market value or its book value, called intrinsic value, which is Amgen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amgen's market value can be influenced by many factors that don't directly affect Amgen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amgen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amgen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amgen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.