Legend Biotech Corp ADR [LEGN] stock prices are up 4.27% to $42.69 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LEGN shares have gain 14.08% over the last week, with a monthly amount drifted -4.58%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Legend Biotech Corp ADR [NASDAQ: LEGN] stock has seen the most recent analyst activity on October 08, 2024, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $86. Previously, Truist started tracking the stock with Buy rating on June 17, 2024, and set its price target to $88. On May 24, 2024, H.C. Wainwright reiterated its Buy rating and revised its price target to $73 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $60 on May 23, 2024. Scotiabank upgraded its rating to a Sector Outperform but $65 remained the price target by the analyst firm on April 17, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on April 03, 2024, and assigned it a price target of $82. In a note dated March 13, 2024, Raymond James initiated an Outperform rating and provided a target price of $86 on this stock.
The stock price of Legend Biotech Corp ADR [LEGN] has been fluctuating between $36.92 and $70.13 over the past year. Currently, Wall Street analysts expect the stock to reach $82.69 within the next 12 months. Legend Biotech Corp ADR [NASDAQ: LEGN] shares were valued at $42.69 at the most recent close of the market. An investor can expect a potential return of 93.7% based on the average LEGN price forecast.
Analyzing the LEGN fundamentals
The Legend Biotech Corp ADR [NASDAQ:LEGN] reported sales of 520.18M for trailing twelve months, representing a surge of 66.86%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.3 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.44 points at the first support level, and at 40.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.60, and for the 2nd resistance point, it is at 44.51.
Ratios To Look Out For
It’s worth pointing out that Legend Biotech Corp ADR [NASDAQ:LEGN]’s Current Ratio is 4.98. On the other hand, the Quick Ratio is 4.90, and the Cash Ratio is 1.7. Considering the valuation of this stock, the price to sales ratio is 15.06, the price to book ratio is 7.02.
Transactions by insiders
Recent insider trading involved Huang Ying, Officer, that happened on Sep 25 ’24 when 1504.0 shares were purchased. Officer, Macomber Lori completed a deal on Sep 20 ’24 to buy 90060.0 shares. Meanwhile, Director Yau Wai Man Philip bought 1946.0 shares on Sep 20 ’24.
