Amarin Corporation plc (NASDAQ:AMRN) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
Amarin Corporation plc (NASDAQ:AMRN) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 55% in the last year.
Even after such a large jump in price, Amarin may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 1.8x, since almost half of all companies in the Biotechs industry in the United States have P/S ratios greater than 10.5x and even P/S higher than 86x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
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