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AMGN
Stock ticker:
NASDAQ
AS OF
Jul 1 closing price
Price
$245.55
Change
+$2.25 (+0.92%)
Capitalization
131.17B

AMGN Price Prediction, Amgen AI Recommendations

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12:00 AM EDT Jul 01, 2022

AMGN in upward trend: price rose above 50-day moving average on June 24, 2022

AMGN moved above its 50-day moving average on June 24, 2022 date and that indicates a change from a downward trend to an upward trend. In 34 of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 69%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AMGN's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 24, 2022. You may want to consider a long position or call options on AMGN as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AMGN just turned positive on June 24, 2022. Looking at past instances where AMGN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMGN advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 265 cases where AMGN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for AMGN crossed bearishly below the 50-day moving average on June 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMGN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 61, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: AMGN's P/B Ratio (142.857) is very high in comparison to the industry average of (7.040). P/E Ratio (24.213) is within average values for comparable stocks, (85.534). Projected Growth (PEG Ratio) (1.464) is also within normal values, averaging (3.198). Dividend Yield (0.030) settles around the average of (0.026) among similar stocks. P/S Ratio (5.277) is also within normal values, averaging (3.916).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AMGN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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published price charts
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published Earnings

AMGN is expected to report earnings to rise 3.53% to $4.40 per share on August 04

Amgen AMGN Stock Earnings Reports
Q2'22
Est.
$4.40
Q1'22
Beat
by $0.15
Q4'21
Beat
by $0.32
Q3'21
Beat
by $0.38
Q2'21
Beat
by $0.29
The last earnings report on April 27 showed earnings per share of $4.25, beating the estimate of $4.10. With 2.75M shares outstanding, the current market capitalization sits at 131.17B.
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published Dividends

AMGN paid dividends on June 08, 2022

Amgen AMGN Stock Dividends
А dividend of $1.94 per share was paid with a record date of June 08, 2022, and an ex-dividend date of May 16, 2022. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Johnson & Johnson (NYSE:JNJ), Eli Lilly & Co (NYSE:LLY), Pfizer (NYSE:PFE), ABBVIE (NYSE:ABBV), Merck & Co (NYSE:MRK), AstraZeneca PLC (NASDAQ:AZN), Bristol-Myers Squibb Co (NYSE:BMY), Amgen (NASDAQ:AMGN), Gilead Sciences (NASDAQ:GILD), Biogen (NASDAQ:BIIB).

Industry description

The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.

Market Cap

The average market capitalization across the Pharmaceuticals: Major Industry is 82.94B. The market cap for tickers in the group ranges from 226K to 472.39B. JNJ holds the highest valuation in this group at 472.39B. The lowest valued company is NEWG at 226K.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Major Industry was -0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -6%. OTSKY experienced the highest price growth at 6%, while MAYNF experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Major Industry was -31%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 19
P/E Growth Rating: 37
Price Growth Rating: 55
SMR Rating: 45
Profit Risk Rating: 60
Seasonality Score: -8 (-100 ... +100)
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published General Information

General Information

a manufacturer of human therapeutic products based on cellular biology

Industry PharmaceuticalsMajor

Profile
Fundamentals
Details
Industry
Biotechnology
Address
One Amgen Center Drive
Phone
+1 805 447-1000
Employees
24200
Web
https://www.amgen.com

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AMGN and

Correlation & Price change

A.I.dvisor indicates that over the last year, AMGN has been loosely correlated with GILD. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if AMGN jumps, then GILD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AMGN
1D Price
Change %
AMGN100%
+0.92%
GILD - AMGN
52%
Loosely correlated
+0.89%
JNJ - AMGN
48%
Loosely correlated
+1.13%
ABBV - AMGN
44%
Loosely correlated
+0.42%
BMY - AMGN
42%
Loosely correlated
-0.21%
SNY - AMGN
40%
Loosely correlated
+1.96%
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