Legend Biotech Corp ADR (NASDAQ: LEGN) is -14.78% lower on its value in year-to-date trading and has touched a low of $27.34 and a high of $60.87 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 $37.49 in the last trading session, with the day’s gains setting it 1.97%.
Currently trading at $39.46, the stock is 10.48% and 20.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 5.24% at the moment leaves the stock 6.47% off its SMA200. LEGN registered 21.25% gain for a year compared to 6-month loss of 10.27%. The firm has a 50-day simple moving average (SMA 50) of $32.8409 and a 200-day simple moving average (SMA200) of $37.0576.
The stock witnessed a 12.73% gain in the last 1 month and extending the period to 3 months gives it a 30.43%, and is 8.72% 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 4.18% over the week and 4.86% over the month.
Legend Biotech Corp ADR (LEGN) has around 2609 employees, a market worth around $7.26B and $728.30M in sales. Fwd P/E is 60.08. Profit margin for the company is -29.95%. Distance from 52-week low is 44.31% and -35.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.86%).
The EPS is expected to grow by 15.97% this year
338.0 institutions hold shares in Legend Biotech Corp ADR (LEGN), with institutional investors hold 48.42% of the company’s shares. The shares outstanding are 184.03M, and float is at 181.38M with Short Float at 7.92%. Institutions hold 47.77% of the Float.
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 9.6503 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 6.292 of the shares outstanding. The other top investors are RA CAPITAL MANAGEMENT, L.P. which holds 7.51 million shares representing 4.1111 and valued at over $332.48 million, while HHLR ADVISORS, LTD. holds 3.6344 of the shares totaling 6.64 million with a market value of $293.93 million.
