On January 24, 2023, Seagen Inc. (NASDAQ: SGEN) opened at $133.52, higher 2.52% from the last session. During the day, the shares moved up to $136.945 and dropped to $132.583 before settling in for the closing price of $133.49. Price fluctuations for SGEN have ranged from $105.43 to $183.00 over the past 52 weeks.
Annual sales at Healthcare sector company grew by 30.40% over the past five years. Company’s average yearly earnings per share was noted -210.10% at the time writing. With a float of $183.63 million, this company’s outstanding shares have now reached $184.79 million.
Let’s look at the performance matrix of the company that is accounted for 2675 employees. In terms of profitability, gross margin is +80.21, operating margin of -43.32, and the pretax margin is -42.92.
Seagen Inc. (SGEN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Seagen Inc. is 0.30%, while institutional ownership is 89.30%. The most recent insider transaction that took place on Jan 17, was worth 75,548. In this transaction Chief Legal Officer of this company sold 578 shares at a rate of $130.71, taking the stock ownership to the 85,113 shares. Before that another transaction happened on Jan 05, when Company’s President R&D & CMO sold 7,500 for $135.00, making the entire transaction worth $1,012,500. This insider now owns 97,539 shares in total.
Seagen Inc. (SGEN) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted -$1.03 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.96) by -$0.07. This company achieved a net margin of -42.84 while generating a return on equity of -20.58. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -210.10% per share during the next fiscal year.
Seagen Inc. (NASDAQ: SGEN) Trading Performance Indicators
Check out the current performance indicators for Seagen Inc. (SGEN). In the past quarter, the stock posted a quick ratio of 3.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.46, a number that is poised to hit -1.05 in the next quarter and is forecasted to reach -2.27 in one year’s time.
Technical Analysis of Seagen Inc. (SGEN)
Seagen Inc. (NASDAQ: SGEN) saw its 5-day average volume 1.26 million, a positive change from its year-to-date volume of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 81.06%. Additionally, its Average True Range was 4.18.
During the past 100 days, Seagen Inc.’s (SGEN) raw stochastic average was set at 51.32%, which indicates a significant decrease from 93.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.14% in the past 14 days, which was higher than the 35.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $128.59, while its 200-day Moving Average is $144.38. Nevertheless, the first resistance level for the watch stands at $138.34 in the near term. At $139.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $142.70. If the price goes on to break the first support level at $133.97, it is likely to go to the next support level at $131.10. The third support level lies at $129.61 if the price breaches the second support level.
Seagen Inc. (NASDAQ: SGEN) Key Stats
There are currently 185,665K shares outstanding in the company with a market cap of 25.51 billion. Presently, the company’s annual sales total 1,574 M according to its annual income of -674,470 K. Last quarter, the company’s sales amounted to 510,300 K and its income totaled -190,820 K.