Amarin Corp Plc (AMRN)

[Whalatane]

Well I disagree. The EV ( enterprise value ) of AMRN got down to around $67m last week .
Simply ...Mkt cap minus cash / investments ...they have little debt .
So EV value of 67m plus inventory of over $300m made this fundamentally a very cheap stock considering they have pending UK / EU reimbursements for secondary prevention ...ie a whole new market .

They just need to slow cash burn enough not to eat into their cash on hand ...by reducing costs ( rolling over to lower API purchase agreements and reducing marketing / sales rep expenses )

If you're any kind of trader ..short or long term ..these are the fundies U look for .
The technicals look good also ...very over sold on the RSI etc
Sentiment looks good ...many positioned with high cash balances in fear of a crash / market meltdown ...CNN Fear and Greed index got as low as 6 as I noted last week .
Thats an extreme bearish sentiment reading not seen since the 2020 low .

Having said all that ...this is IMHO a probability game .
Its always possible AMRN retests its recent lows .
It may be a macro event that tanks the entire market ( Putin fires off a small nuke etc )
But I put a retest , or penetration of recent lows at less then 20% probability
JMO
Kiwi