In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Legend Biotech Corp ADR (NASDAQ: LEGN) closed the day trading at $45.92 down -5.38% from the previous closing price of $48.53. In other words, the price has decreased by -$5.38 from its previous closing price. On the day, 1.7 million shares were traded. LEGN stock price reached its highest trading level at $48.79 during the session, while it also had its lowest trading level at $45.82.
Ratios:
For a better understanding of LEGN, let’s 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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 20 ’24 when Macomber Lori bought 90,060 shares for $48.91 per share.
Yau Wai Man Philip bought 1,946 shares of LEGN for $99,324 on Sep 20 ’24.
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 8462504448 and an Enterprise Value of 15869484032. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.45 while its Price-to-Book (P/B) ratio in mrq is 7.26. Its current Enterprise Value per Revenue stands at 34.802 whereas that against EBITDA is -43.786.
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 -16.71%, while the 200-Day Moving Average is calculated to be -15.00%.
Shares Statistics:
Over the past 3-months, LEGN traded about 910.43K shares per day on average, while over the past 10 days, LEGN traded about 734320 shares per day. 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 50.04% stake in the company. Shares short for LEGN as of 1724976000 were 10217120 with a Short Ratio of 11.22, compared to 1722384000 on 10075900. Therefore, it implies a Short% of Shares Outstanding of 10217120 and a Short% of Float of 10.67.
