Amgen, Inc. AMGN Stock Analysis

Amgen, Inc. stock trades under the ticker AMGN & has recently shown bullish behavior that traders & investors should research further into.

AMGN stock closed at $245.37/share on 6/24/2022.

Amgen, Inc. AMGN Stock’s Technical Performance Over The Last Year

Amgen, Inc. AMGN Stock's Technical Performance Over The Last Year

AMGN Stock Price: $245.37

10 Day Moving Average: $238.05

50 Day Moving Average: $243.73

200 Day Moving Average: $224.12

RSI: 55.16

MACD: -1.307

On Friday, AMGN stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.

Their recent trading volume has been above average compared to the year prior, and their RSI is still in the neutral range, signaling that there may be more short-term strength to come in the coming days.

They will need to break above the $246.44/share resistance level as they continue to climb higher.

Amgen, Inc. AMGN Stock As A Long-Term Investment

Long-term oriented investors will like AMGN stock’s P/E (ttm) of 23.54, but will find their P/B (mrq) of 139.04 to be rather high.

They recently reported 5.7% Quarterly Revenue Growth Y-o-Y, with -10.3% Quarterly Earnings Growth Y-o-Y.

Investors will want to take a closer review of their balance sheet’s structure, with $6.54B of Total Cash (mrq) & $36.85B of Total Debt (mrq).

AMGN stock pays a 2.97% dividend yield, which may not be sustainable in the long-term, as their payout ratio is 71.3%.

81.14% of AMGN stock’s outstanding share float is owned by institutional investors.

Amgen, Inc. AMGN Stock As A Short-Term Trade Using Options

Traders that are focused on AMGN stock in the short-term can use options in order to profit from their price movements, while also hedging against broader market volatility.

I am looking at the contracts with the 7/15 expiration date.

The $235, $240 & $245 call options are all in-the-money, listed in order of highest to lowest open interest levels.

The $250, $255 & $247.50 puts are also in-the-money, listed from highest to lowest liquidity levels.

Tying It All Together

Amgen Inc. stock has many attributes that traders & investors are sure to like.

Investors will like their dividend yield (if it remains stable), but may want to do more research into the structure of their balance sheet.

Traders will like their current momentum, as well as the liquidity of their options.

Overall, AMGN stock is worth taking a closer look at to see how it fits into your portfolio strategy.