Legend Biotech Corp ADR (NASDAQ: LEGN) is -19.10% lower on its value in year-to-date trading and has touched a low of $38.60 and a high of $70.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEGN stock was last observed hovering at around $47.48 in the last trading session, with the day’s gains setting it 1.2%.
Currently trading at $48.68, the stock is -1.60% and -9.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 2.53% at the moment leaves the stock -9.06% off its SMA200. LEGN registered -24.99% loss for a year compared to 6-month gain of -13.66%. The firm has a 50-day simple moving average (SMA 50) of $53.545 and a 200-day simple moving average (SMA200) of $53.46445.
The stock witnessed a -15.09% loss in the last 1 month and extending the period to 3 months gives it a 6.03%, and is 11.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.85% over the week and 5.15% over the month.
Legend Biotech Corp ADR (LEGN) has around 1826 employees, a market worth around $8.92B and $455.99M in sales. Profit margin for the company is -62.50%. Distance from 52-week low is 26.11% and -31.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.07%).
The EPS is expected to grow by 37.71% this year
The shares outstanding are 181.91M, and float is at 181.45M with Short Float at 5.77%.
The top institutional shareholder in the company is FMR LLC with over 17.62 million shares valued at $780.46 million. The investor’s holdings represent 9.6819 of the LEGN Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 11.49 million shares valued at $508.86 million to account for 6.3126 of the shares outstanding. The other top investors are RA CAPITAL MANAGEMENT, L.P. which holds 7.51 million shares representing 4.1246 and valued at over $332.48 million, while HHLR ADVISORS, LTD. holds 3.6463 of the shares totaling 6.64 million with a market value of $293.93 million.
Legend Biotech Corp ADR (LEGN) Insider Activity
Still, SEC filings show that on Sep 20 ’24, Yau Wai Man Philip (Director) Proposed Sale 1,946 shares at an average price of $51.04 for $99324.0. The insider now directly holds shares of Legend Biotech Corp ADR (LEGN).
