A Look Into Amgen Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Amgen Inc.'s (NASDAQ:AMGN) share price is at $224.21, after a 1.28% decrease. The stock has increased by 2.60% over the past month but decreased by 7.93% over the past year. Amgen's P/E ratio is lower than the aggregate P/E of the Biotechnology industry, which could indicate undervaluation or lower future growth expectations.
June 26, 2023 | 4:16 pm
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Amgen's share price decreased by 1.28% to $224.21. Its P/E ratio is lower than the Biotechnology industry average, which could indicate undervaluation or lower future growth expectations.
Amgen's P/E ratio is lower than the Biotechnology industry average, which could indicate that the stock is undervalued or that shareholders do not expect future growth. However, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100