Seagen Inc. (NASDAQ:SGEN) saw a downside of -0.08% to close Friday at $192.74 after subtracting -$0.16 on the day. The 5-day average trading volume is 721,020 shares of the company’s common stock. It has gained $196.00 in the past week and touched a new high 1 time within the past 5 days. An average of 763,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,058,202.
SGEN’s 1-month performance is -1.05% or -$3.62 on its low of $191.14 reached on 07/27/23. The company’s shares have touched a 52-week low of $116.08 and high of $207.16, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, SGEN has achieved 49.98% or $64.23 and has reached a new high 20 times. However, the current price is down -6.96% from the 52-week high price.
Insider Transactions
SGEN stock investors last saw insider trading activity on Jul 03.ROMP CHARLES R (EVP, Commercial U.S.) most recently sold 708 shares at $192.46 per share on Jul 03. This transaction cost the insider $136,262. Chief Technical Officer, HIMES VAUGHN B, sold 16,215 shares at a price of $195.29 on Jun 07. Then, on May 16, EVP, Commercial U.S. ROMP CHARLES R sold 349 shares at a price of $189.86 per share. This transaction amounted to $66,261.
Valuation Metrics
SGEN stock has a beta of 0.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.75 while the price-to-book (PB) in the most recent quarter is 13.81.
Seagen Inc.’s quick ratio for the period ended June 29 was 2.70, with the current ratio over the same period at 3.30. In terms of profitability, the gross margin trailing 12 months is 76.50%. The trailing 12-month EBITDA margin is -27.05% while for the period ending June 29, Seagen Inc.’s operating margin was -34.80%. The firm’s gross profit as reported stood at $1.55 billion against revenue of $1.96 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 36.26% to -$211.53 million, while revenue of -$174.74 million was 17.39% off the previous quarter. Analysts expected SGEN to announce -$0.81 per share in earnings in its latest quarter, but it posted -$1.13, representing a -39.50% surprise. EBITDA for the quarter stood at more than -$210.92 million. SGEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 876.32 million, with total debt at $111.38 million. Shareholders hold equity totaling $187.7 million.
Let’s look briefly at Seagen Inc. (SGEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 36.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 4.00%.
The stock’s 5-day moving average is $193.50, reflecting a -1.00% or -$1.94 change from its current price. SGEN is currently trading -0.98% above its 20-day SMA, -3.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.03% and SMA200 by+51.57%.
Stochastic %K and %D was 31.43% and 43.72% and the average true range (ATR) pointed at 1.42. The RSI (14) points at 41.95%, while the 14-day stochastic is at 25.57% with the period’s ATR at 1.56. The stock’s 9-day MACD Oscillator is pointing at -1.08 and -0.77 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Seagen Inc. (NASDAQ: SGEN), Raymond James upgraded it to a Strong buy rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SGEN stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SGEN as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is SGEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $228.00 and a high of $229.00, with their median price target at $229.00. Looking at these predictions, the average price target given by analysts is for Seagen Inc. (SGEN) stock is $228.89.
