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After finishing at $48.29 in the prior trading day, Legend Biotech Corp ADR (NASDAQ: LEGN) closed at $50.36, up 4.29%. In other words, the price has increased by $4.29 from its previous closing price. On the day, 1.16 million shares were traded. LEGN stock price reached its highest trading level at $50.59 during the session, while it also had its lowest trading level at $48.23.
Ratios:
Our goal is to gain a better understanding of LEGN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.78 and its Current Ratio is at 4.84. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on June 17, 2024, initiated with a Buy rating and assigned the stock a target price of $88.
On May 24, 2024, H.C. Wainwright reiterated its Buy rating and also upped its target price recommendation from $86 to $73.
On May 23, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $60.Deutsche Bank initiated its Buy rating on May 23, 2024, with a $60 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEGN now has a Market Capitalization of 9224492032 and an Enterprise Value of 17496039424. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.23 while its Price-to-Book (P/B) ratio in mrq is 7.96. Its current Enterprise Value per Revenue stands at 38.369 whereas that against EBITDA is -48.274.
Stock Price History:
Over the past 52 weeks, LEGN has reached a high of $70.78, while it has fallen to a 52-week low of $38.60. The 50-Day Moving Average of the stock is -7.28%, while the 200-Day Moving Average is calculated to be -7.65%.
Shares Statistics:
The stock has traded on average 963.35K shares per day over the past 3-months and 849700 shares per day over the last 10 days, according to various share statistics. A total of 181.91M shares are outstanding, with a floating share count of 181.45M. Insiders hold about 0.94% of the company’s shares, while institutions hold 49.92% stake in the company. Shares short for LEGN as of 1723680000 were 10711247 with a Short Ratio of 11.12, compared to 1721001600 on 11057516. Therefore, it implies a Short% of Shares Outstanding of 10711247 and a Short% of Float of 11.18.
