Seagen Inc. (NASDAQ:SGEN) finished Wednesday with an addition of $1.36 to close at $195.64, an upside of 0.70 percent. An average of 909,180 shares of common stock have been traded in the last five days. There was a gain of $2.29 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 824,590 shares traded, while the 50-day average volume stands at 1,038,524.
SGEN stock has increased by 0.78% in the last month. The company shares reached their 1-month lowest point of $191.14 on 07/27/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $116.08 and a high of $207.16 in 52 weeks. It has reached a new high 20 times so far this year and achieved 52.24% or $67.13 in price. In spite of this, the price is down -5.56% from the 52-week high.
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Insider Transactions
SGEN stock investors should be aware that Seagen Inc. (SGEN) stock had its last reported insider trading activity 52 days ago on Jul 03. In this transaction, the insider spent $136,262. Chief Technical Officer, HIMES VAUGHN B, disposed of 16,215 shares at a price of $195.29 on Jun 07. The insider now owns more than $3,166,571 worth of shares. Prior to that, EVP, Commercial U.S. ROMP CHARLES R went on to Sale 349 shares at $189.86 each on May 16. An amount of $66,261 was transacted.
Valuation Metrics
Seagen Inc. (SGEN) stock’s beta is 0.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.00, the price-to-book (PB) ratio at 14.01.
Financial Health
The quick ratio of Seagen Inc. for the recent quarter was 2.70, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $1.55 billion compared to revenue of $1.96 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Seagen Inc.’s return on assets was -20.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$211.53 million in the quarter, while revenues of -$174.74 million were grew 36.26%. Shareholders own equity worth $187.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Seagen Inc. (SGEN) price momentum. RSI 9-day as of the close on 23 August was 65.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 5.63%.
As of today, SGEN’s price is $193.77 +1.18% or $2.29 from its 5-day moving average. SGEN is currently trading +1.71% higher than its 20-day SMA and -3.66% lower than its 100-day SMA. However, the stock’s current price level is -0.77% below the SMA50 and +53.08% above the SMA200.
The stochastic %K and %D were 57.48% and 41.10%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 89.35% and the average true range at 1.55, the RSI (14) stands at 58.44%. The stock has reached 0.47 on the 9-day MACD Oscillator while the 14-day reading was at 0.33.
Analyst Ratings
Raymond James upgraded Seagen Inc. (NASDAQ: SGEN) to a a Strong buy rating in its most recent analyst report. Previously, the stock was rated as an Outperform.
