Seagen Inc (NASDAQ:SGEN) finished Wednesday with a subtraction of -$3.61 to close at $212.55, a downside of -1.67 percent. An average of 2,423,700 shares of common stock have been traded in the last five days. There was a gain of $5.56 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 1,697,020 shares traded, while the 50-day average volume stands at 1,308,818.
SGEN stock has increased by 3.05% in the last month. The company shares reached their 1-month lowest point of $203.60 on 09/08/23. With the stock rallying to its 52-week high on 09/26/23, shares of the company touched a low of $116.08 and a high of $217.08 in 52 weeks. It has reached a new high 25 times so far this year and achieved 65.40% or $84.04 in price. In spite of this, the price is down -2.09% from the 52-week high.
Insider Transactions
SGEN stock investors should be aware that Seagen Inc (SGEN) stock had its last reported insider trading activity 7 days ago on Sep 21. In this transaction, the insider spent $16,520. Chief Technical Officer, HIMES VAUGHN B, disposed of 80 shares at a price of $206.50 on Sep 21. The insider now owns more than $16,520 worth of shares. Prior to that, President, R&D & CMO DANSEY ROGER D went on to Sale 71 shares at $206.50 each on Sep 21. An amount of $14,662 was transacted.
Valuation Metrics
Seagen Inc (SGEN) stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.45, the price-to-book (PB) ratio at 15.23.
Financial Health
The quick ratio of Seagen Inc for the three months ended June 29 was 2.66, 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 0.04 and a total debt to equity ratio of 0.04 for the quarter ending June 29. Its gross profit as reported stood at $1.55 billion compared to revenue of $1.96 billion.
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%. The analyst consensus anticipated Seagen Inc’s latest quarter earnings to come in at -$0.81 per share, but it turned out to be -$1.13, a -39.50% surprise. For the quarter, EBITDA amounted to -$210.92 million. 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 27 September was 61.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.54%.
As of today, SGEN’s price is $212.86 +2.69% or $5.56 from its 5-day moving average. SGEN is currently trading +2.70% higher than its 20-day SMA and +7.08% higher than its 100-day SMA. However, the stock’s current price level is +8.25% above the SMA50 and +69.71% above the SMA200.
The stochastic %K and %D were 86.02% and 86.99%, respectively, and the average true range (ATR) was 2.60. With the 14-day stochastic at 66.38% and the average true range at 2.43, the RSI (14) stands at 63.59%. The stock has reached 4.17 on the 9-day MACD Oscillator while the 14-day reading was at 5.63.
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.
