While Legend Biotech Corp ADR has underperformed by -2.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LEGN fell by -29.31%, with highs and lows ranging from $70.78 to $38.60, whereas the simple moving average fell by -11.41% in the last 200 days.
On June 17, 2024, Truist started tracking Legend Biotech Corp ADR (NASDAQ: LEGN) recommending Buy. A report published by H.C. Wainwright on May 24, 2024, Reiterated its previous ‘Buy’ rating for LEGN. Deutsche Bank also rated LEGN shares as ‘Buy’, setting a target price of $60 on the company’s shares in an initiating report dated May 23, 2024. Cantor Fitzgerald initiated its ‘Overweight’ rating for LEGN, as published in its report on April 03, 2024. Raymond James’s report from March 13, 2024 suggests a price prediction of $86 for LEGN shares, giving the stock a ‘Outperform’ rating. Scotiabank also rated the stock as ‘Sector Perform’.
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Analysis of Legend Biotech Corp ADR (LEGN)
Further, the quarter-over-quarter increase in sales is 154.36%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Legend Biotech Corp ADR’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -22.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and LEGN is recording an average volume of 946.89K. On a monthly basis, the volatility of the stock is set at 5.02%, whereas on a weekly basis, it is put at 6.27%, with a gain of 4.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $81.52, showing growth from the present price of $47.48, which can serve as yet another indication of whether LEGN is worth investing in or should be passed over.
How Do You Analyze Legend Biotech Corp ADR Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.94%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 50.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LEGN shares are owned by institutional investors to the tune of 50.04% at present.
