Biogen Inc (NASDAQ: BIIB) on Tuesday, plunged -1.59% from the previous trading day, before settling in for the closing price of $157.94. Within the past 52 weeks, BIIB’s price has moved between $157.40 and $268.30.
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Annual sales at Healthcare sector company slipped by -4.53% over the past five years. The company achieved an average annual earnings per share of 11.36%. With a float of $144.68 million, this company’s outstanding shares have now reached $144.90 million.
Let’s look at the performance matrix of the company that is accounted for 7570 employees. In terms of profitability, gross margin is 71.81%, operating margin of 20.63%, and the pretax margin is 20.27%.
Biogen Inc (BIIB) Insider Updates
Observing investor behavior towards Drug Manufacturers – General industry stocks is more important than anything else. The insider ownership of Biogen Inc is 0.71%, while institutional ownership is 89.28%. The most recent insider transaction that took place on Sep 03 ’24, was worth 88,019. In this transaction Head of Development of this company sold 431 shares at a rate of $204.22, taking the stock ownership to the 5,316 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Officer proposed sale 431 for $204.22, making the entire transaction worth $88,019.
Biogen Inc (BIIB) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.95 earnings per share (EPS) for the period falling under the consensus outlook (set at 3.18) by -0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.86% during the next five years compared to -18.05% drop over the previous five years of trading.
Biogen Inc (NASDAQ: BIIB) Trading Performance Indicators
Biogen Inc (BIIB) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45. Likewise, its price to free cash flow for the trailing twelve months is 11.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.07, a number that is poised to hit 3.43 in the next quarter and is forecasted to reach 16.83 in one year’s time.
Technical Analysis of Biogen Inc (BIIB)
Biogen Inc (NASDAQ: BIIB) saw its 5-day average volume 1.89 million, a positive change from its year-to-date volume of 1.17 million. As of the previous 9 days, the stock’s Stochastic %D was 1.72%. Additionally, its Average True Range was 4.71.
During the past 100 days, Biogen Inc’s (BIIB) raw stochastic average was set at 0.18%, which indicates a significant decrease from 0.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.86% in the past 14 days, which was lower than the 24.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $184.26, while its 200-day Moving Average is $209.08. Nevertheless, the first resistance level for the watch stands at $157.13 in the near term. At $158.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $159.75. If the price goes on to break the first support level at $154.51, it is likely to go to the next support level at $153.58. Assuming the price breaks the second support level, the third support level stands at $151.89.
Biogen Inc (NASDAQ: BIIB) Key Stats
Market capitalization of the company is 22.65 billion based on 145,719K outstanding shares. Right now, sales total 9,836 M and income totals 1,161 M. The company made 2,466 M in profit during its latest quarter, and 388,500 K in sales during its previous quarter.
