AMGN

AMGEN INC COM Analysis for May 3, 2024 – 11:36:44 AM vs May 6, 2024 – 4:01:14 PM (EDT)

Executive Summary: AMGEN INC COM experienced a significant decrease in stock price from May 3 to May 6, possibly due to market dynamics and investor reactions to recent earnings. The stock showed high volatility and liquidity.

Intraday Price Range:

• High-Low Price Range: The stock traded between a high of $322.6 and a low of $311.0 on May 3, and between a high of $312.73 and a low of $297.52 on May 6. This indicates high intraday volatility.
• Analysis: The high volatility level suggests that the stock had active trading activity with potential for traders to implement short-term strategies effectively.

Bid-Ask Spread Analysis:

• Spread Details: The bid-ask spread was $0.21 on May 3 and $0.99 on May 6. This suggests good liquidity and minimal trading costs.
• Implications: The increase in the spread indicates less efficient market conditions where investors may face higher impact costs.

Percentage Change in Volume:

• Volume Data: Trading volume increased from 5,185,739 shares on May 3 to 4,709,431 shares on May 6.
• Interpretation: This represents a decrease in trading volume, indicating a possible shift in investor interest or strategic positioning in anticipation of market movements.

Price Changes Relative to Market Cap:

• Market Cap Fluctuation: The market capitalization decreased from $169.41 billion on May 3 to $160.63 billion on May 6.
• Significance: The decrease in market cap alongside a decrease in stock price suggests a decline in investor confidence and market valuation.

Price Performance Relative to the 52-Week High and Low:

• Benchmarking: The current price is closer to the 52-week low of $211.71 than the 52-week high of $329.72, reflecting a weak year-long performance.
• Market Position: This places AMGEN INC COM closer to its annual low, indicating a possibly bearish outlook from the market participants.

Price-Earnings (PE) Ratio Analysis:

• PE Ratio: The PE ratio stands at 39.779 on May 3 and 44.4801 on May 6.
• Industry Comparison: Without the industry standard mentioned, it’s challenging to determine if the stock is overvalued or undervalued. However, the increase in PE ratio suggests that the stock might be getting overvalued.

Future Outlook and Market Sentiment:

• Earnings Expectation: With recent earnings disclosed, the significant price decrease suggests a negative reaction from investors.
• Potential Scenarios: Market reactions to the next earnings report or financial disclosures could significantly impact the stock’s position relative to its annual low.