Seagen Inc (NASDAQ:SGEN) saw an upside of 0.49% to $214.75 after adding $1.05 on Monday. The 5-day average trading volume is 1,535,220 shares of the company’s common stock. It has gained $214.80 in the past week and touched a new high 3 times within the past 5 days. An average of 1,579,395 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,204,660.
SGEN’s 1-month performance is 8.59% or $14.96 on its low of $203.60 reached on 09/08/23. The company’s shares have touched a 52-week low of $116.08 and high of $214.00, with the stock’s rally to the 52-week high happening on 09/25/23. YTD, SGEN has achieved 67.11% or $86.26 and has reached a new high 24 times. However, the current price is up 0.35% from the 52-week high price.
Insider Transactions
SGEN stock investors last saw insider trading activity on Sep 21.SIMPSON TODD E (Chief Financial Officer) most recently sold 80 shares at $206.50 per share on Sep 21. This transaction cost the insider $16,520. Chief Technical Officer, HIMES VAUGHN B, sold 80 shares at a price of $206.50 on Sep 21. Then, on Sep 21, President, R&D & CMO DANSEY ROGER D sold 71 shares at a price of $206.50 per share. This transaction amounted to $14,662.
Valuation Metrics
SGEN stock has a beta of 0.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.64 while the price-to-book (PB) in the most recent quarter is 15.39.
Seagen Inc’s quick ratio for the period ended June 29 was 2.66, with the current ratio over the same period at 3.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.04, while the total debt to equity was 0.04. In terms of profitability, the gross margin trailing 12 months is 76.46%. The trailing 12-month EBITDA margin is -27.05% while for the period ending June 29, Seagen Inc’s operating margin was -34.78%. 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 22 September was 75.61% to suggest the stock is trending Overbought, with historical volatility in this time period at 19.18%.
The stock’s 5-day moving average is $210.03, reflecting a +3.67% or $7.60 change from its current price. SGEN is currently trading +7.48% above its 20-day SMA, +7.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.47% and SMA200 by+82.14%.
Stochastic %K and %D was 79.06% and 64.61% and the average true range (ATR) pointed at 2.41. The RSI (14) points at 73.11%, while the 14-day stochastic is at 99.69% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at 2.93 and 3.83 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 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 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 $228.90.
