Legend Biotech Corp ADR (NASDAQ: LEGN) is 10.94% higher on its value in year-to-date trading and has touched a low of $30.17 and a high of $70.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LEGN stock was last observed hovering at around $36.01 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $36.10, the stock is 5.29% and -1.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.25% at the moment leaves the stock -20.53% off its SMA200. LEGN registered -36.16% loss for a year compared to 6-month loss of -35.97%. The firm has a 50-day simple moving average (SMA 50) of $36.6908 and a 200-day simple moving average (SMA200) of $45.519474.
The stock witnessed a 10.13% gain in the last 1 month and extending the period to 3 months gives it a -19.31%, and is -3.58% down 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 4.49% over the week and 6.03% over the month.
Legend Biotech Corp ADR (LEGN) has around 1826 employees, a market worth around $6.62B and $520.18M in sales. Profit margin for the company is -66.92%. Distance from 52-week low is 19.66% and -48.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.87%).
with sales reaching $179M over the same period.The EPS is expected to grow by 41.49% this year, but quarterly earnings will post 116.16% year-over-year. Quarterly sales are estimated to grow 125.26% in year-over-year returns.
The shares outstanding are 183.45M, and float is at 181.93M with Short Float at 7.20%.
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 Dec 24 ’24, Macomber Lori (Officer) Proposed Sale 189 shares at an average price of $32.45 for $6134.0. The insider now directly holds shares of Legend Biotech Corp ADR (LEGN).
