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
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