At the last check on Friday, Seagen Inc.’s (NASDAQ:SGEN) stock was up $2.93, moving up 1.42 percent to $209.00. The average number of shares traded per day over the past five days has been 1,944,422 shares. 2 times new highs have been achieved over the past 5 days, with a $9.17 gain in that time frame. In the last twenty days, the average volume was 1,168,156, while in the previous 50 days, it was 1,119,888.
Since last month, SGEN stock rose 8.01%. Shares of the company fell to $191.91 on 08/02/23, the lowest level in the past month. A 52-week high of $209.39 was reached on 09/01/23 after having rallying from a 52-week low of $116.08. Since the beginning of this year, SGEN’s stock price has risen by 62.63% or $80.47, and marked a new high 22 times. However, the stock has declined by -0.19% since its 52-week high.
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SGEN stock investors should be aware that Seagen Inc. (SGEN) stock had its last reported insider trading activity 3 days ago on Aug 29. DANSEY ROGER D, the President, R&D & CMO of the company, disposed of 1,016 shares for $206.00 on Aug 29. It resulted in a $209,296 divestment by the insider. SIMPSON TODD E sold 485 shares at an average price of $206.00 on Aug 29. The insider now owns 130,925 shares following the transaction. On Aug 29, EVP, Commercial U.S. ROMP CHARLES R sold 438 shares at $206.00 apiece. The transaction was valued at $90,228.
Valuation Metrics
The stock’s beta is 0.48. Besides these, the trailing price-to-sales (P/S) ratio of 17.96, the price-to-book (PB) ratio of 14.97.
Financial Health
In the three months ended June 29, Seagen Inc.’s quick ratio stood at 2.70, while its current ratio was 3.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 76.50% percent. In the year ended June 29, operating margins totaled -34.80%. Based on annual data, SGEN earned $1.55 billion in gross profit and brought in $1.96 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -22.10%. Return on equity (ROE) for the past 12 months was -26.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SGEN’s revenue rose 17.61% to $519.72 million during the quarter, while net income inched up to $603.83 million. While analysts expected Seagen Inc. to report -$0.81 quarterly earnings, the actual figure was -$1.13 per share, beating the consensus estimate by -39.50%. During the quarter, the company generated -$210.92 million in EBITDA. The liabilities of Seagen Inc. were 876.32 million at the end of its most recent quarter ended June 29, and its total debt was $111.38 million. The value of shareholders’ equity is $187.7 million.
Technical Picture
This quick technical analysis looks at Seagen Inc.’s (SGEN) price momentum. With a historical volatility rate of 13.73%, the RSI 9-day stood at 87.21% on 31 August.
With respect to its five-day moving average, the current Seagen Inc. price is up by +4.59% percent or $9.17. At present, SGEN shares trade +8.02% above its 20-day simple moving average and +1.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.06% above its SMA50 and +59.59% above its SMA200.
Stochastic coefficient K was 85.52% and Stochastic coefficient D was 84.31%, while ATR was 2.48. Given the Stochastic reading of 91.50% for the 14-day period, the RSI (14) reading has been calculated as 81.76%. As of today, the MACD Oscillator reading stands at 4.79, while the 14-day reading stands at 8.08.
Analyst Ratings
Raymond James upgraded its rating on Seagen Inc. (NASDAQ: SGEN) to a Strong buy in a note to investors on February 16, 2023. The analysts firm previously had an Outperform rating on the stock.Seagen Inc. (SGEN) has been rated Hold by analysts. According to 0 brokerage firms, SGEN is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Seagen Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $229.00, the current consensus forecast for the stock is $228.00 – $229.00. Based on these forecasts, analysts predict Seagen Inc. (SGEN) will achieve an average price target of $228.89.
