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The closing price of Legend Biotech Corp ADR (NASDAQ: LEGN) was $48.68 for the day, up 2.53% from the previous closing price of $47.48. In other words, the price has increased by $2.53 from its previous closing price. On the day, 0.9 million shares were traded. LEGN stock price reached its highest trading level at $49.27 during the session, while it also had its lowest trading level at $45.68.
Ratios:
Our analysis of LEGN’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 25 ’24 when Huang Ying bought 1,504 shares for $44.10 per share.
Macomber Lori bought 90,060 shares of LEGN for $4,405,003 on Sep 20 ’24. On Sep 20 ’24, another insider, Yau Wai Man Philip, who serves as the Director of the company, bought 1,946 shares for $51.04 each.
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 8971140096 and an Enterprise Value of 16880586752. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.55 while its Price-to-Book (P/B) ratio in mrq is 7.69. Its current Enterprise Value per Revenue stands at 37.02 whereas that against EBITDA is -46.576.
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 -9.46%, while the 200-Day Moving Average is calculated to be -9.06%.
Shares Statistics:
LEGN traded an average of 946.25K shares per day over the past three months and 1203980 shares per day over the past ten days. 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 1726185600 were 10470444 with a Short Ratio of 11.07, compared to 1723680000 on 10711247. Therefore, it implies a Short% of Shares Outstanding of 10470444 and a Short% of Float of 10.93.
