Last month’s performance of 7.34% for Legend Biotech Corporation (LEGN) is certainly impressive

On January 24, 2023, Legend Biotech Corporation (NASDAQ: LEGN) opened at $54.23, higher 0.46% from the last session. During the day, the shares moved up to $55.60 and dropped to $49.53 before settling in for the closing price of $53.98. Price fluctuations for LEGN have ranged from $30.75 to $57.72 over the past 52 weeks.


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Company’s average yearly earnings per share was noted -20.20% at the time writing. With a float of $165.11 million, this company’s outstanding shares have now reached $167.40 million.

In an organization with 1071 employees, it is important to assess its efficiency.

Legend Biotech Corporation (LEGN) 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 Legend Biotech Corporation is 1.37%, while institutional ownership is 38.80%.

Legend Biotech Corporation (LEGN) Latest Financial update

If we go through the results of last quarter, which was made public on 3/30/2022, the company posted -$0.13 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.46) by $0.33. This company achieved a net margin of -430.12 while generating a return on equity of -102.79. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -20.20% per share during the next fiscal year.

Legend Biotech Corporation (NASDAQ: LEGN) Trading Performance Indicators

Check out the current performance indicators for Legend Biotech Corporation (LEGN). In the past quarter, the stock posted a quick ratio of 3.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 78.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.34, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach -1.55 in one year’s time.

Technical Analysis of Legend Biotech Corporation (LEGN)

Let’s dig in a bit further. During the last 5-days, its volume was 0.69 million. That was inferior than the volume of 0.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 65.05%. Additionally, its Average True Range was 3.03.

During the past 100 days, Legend Biotech Corporation’s (LEGN) raw stochastic average was set at 82.91%, which indicates a significant increase from 69.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.74% in the past 14 days, which was higher than the 46.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $51.27, while its 200-day Moving Average is $46.50. However, in the short run, Legend Biotech Corporation’s stock first resistance to watch stands at $56.71. Second resistance stands at $59.19. The third major resistance level sits at $62.78. If the price goes on to break the first support level at $50.64, it is likely to go to the next support level at $47.05. The third support level lies at $44.57 if the price breaches the second support level.

Legend Biotech Corporation (NASDAQ: LEGN) Key Stats

There are currently 164,092K shares outstanding in the company with a market cap of 9.13 billion. Presently, the company’s annual sales total 92,850 K according to its annual income of -386,210 K. Last quarter, the company’s sales amounted to 40,827 K and its income totaled -41,087 K.

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