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The price of Legend Biotech Corp ADR (NASDAQ: LEGN) closed at $40.01 in the last session, down -7.66% from day before closing price of $43.33. In other words, the price has decreased by -$7.66 from its previous closing price. On the day, 3.39 million shares were traded. LEGN stock price reached its highest trading level at $45.03 during the session, while it also had its lowest trading level at $39.88.
Ratios:
We take a closer look at LEGN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.57 and its Current Ratio is at 5.66. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
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, H.C. Wainwright on May 24, 2024, Reiterated its Buy rating but revised its target price to $73 from $86 previously.
On May 23, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $60.
Scotiabank Upgraded its Sector Perform to Sector Outperform on April 17, 2024, while the target price for the stock was maintained at $65.
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 7293143040 and an Enterprise Value of 13618634752. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.27 while its Price-to-Book (P/B) ratio in mrq is 6.27. Its current Enterprise Value per Revenue stands at 39.728 whereas that against EBITDA is -32.016.
Stock Price History:
Over the past 52 weeks, LEGN has reached a high of $77.32, while it has fallen to a 52-week low of $39.13. The 50-Day Moving Average of the stock is -18.13%, while the 200-Day Moving Average is calculated to be -32.94%.
Shares Statistics:
According to the various share statistics, LEGN traded on average about 1.06M shares per day over the past 3-months and 1337560 shares per day over the past 10 days. A total of 181.91M shares are outstanding, with a floating share count of 180.78M. Insiders hold about 0.83% of the company’s shares, while institutions hold 47.13% stake in the company. Shares short for LEGN as of 1715731200 were 12984758 with a Short Ratio of 12.24, compared to 1713139200 on 10983290. Therefore, it implies a Short% of Shares Outstanding of 12984758 and a Short% of Float of 13.69.
