Seagen Inc. (NASDAQ:SGEN) went up by 10.73% from its latest closing price compared to the recent 1-year high of $192.79. The company’s stock price has collected -8.39% of loss in the last five trading sessions. Barron’s reported on 09/20/21 that The Stock Market Is Tanking. These 5 Stocks Are Not.
Is It Worth Investing in Seagen Inc. (NASDAQ :SGEN) Right Now?
Plus, the 36-month beta value for SGEN is at 0.85. Opinions of the stock are interesting as 12 analysts out of 22 who provided ratings for Seagen Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $160.72, which is $39.4 above the current price. SGEN currently public float of 182.57M and currently shorts hold a 1.69% ratio of that float. Today, the average trading volume of SGEN was 1.15M shares.
SGEN’s Market Performance
SGEN stocks went down by -8.39% for the week, with a monthly drop of -20.65% and a quarterly performance of -13.94%, while its annual performance rate touched -13.37%. The volatility ratio for the week stands at 7.51% while the volatility levels for the past 30 days are set at 4.50% for Seagen Inc.. The simple moving average for the period of the last 20 days is -11.18% for SGEN stocks with a simple moving average of -20.55% for the last 200 days.
Analysts’ Opinion of SGEN
Many brokerage firms have already submitted their reports for SGEN stocks, with Wolfe Research repeating the rating for SGEN by listing it as a “Peer Perform.” The predicted price for SGEN in the upcoming period, according to Wolfe Research is $146 based on the research report published on February 10th of the current year 2022.
SVB Leerink, on the other hand, stated in their research note that they expect to see SGEN reach a price target of $155, previously predicting the price at $179. The rating they have provided for SGEN stocks is “Outperform” according to the report published on February 10th, 2022.
RBC Capital Mkts gave a rating of “Sector Perform” to SGEN, setting the target price at $132 in the report published on February 10th of the current year.
SGEN Trading at -13.08% from the 50-Day Moving Average
After a stumble in the market that brought SGEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.51% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 7.51%, as shares sank -16.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.51% lower at present.
During the last 5 trading sessions, SGEN fell by -8.39%, which changed the moving average for the period of 200-days by -15.76% in comparison to the 20-day moving average, which settled at $134.46. In addition, Seagen Inc. saw -22.07% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SGEN starting from DANSEY ROGER D, who sale 652 shares at the price of $144.15 back on Apr 21. After this action, DANSEY ROGER D now owns 76,975 shares of Seagen Inc., valued at $93,986 using the latest closing price.
SIEGALL CLAY B, the President & CEO of Seagen Inc., sale 1,885 shares at $144.32 during a trade that took place back on Apr 20, which means that SIEGALL CLAY B is holding 666,060 shares at $272,041 based on the most recent closing price.
Stock Fundamentals for SGEN
Current profitability levels for the company are sitting at:
- -43.32 for the present operating margin
- +80.21 for the gross margin
The net margin for Seagen Inc. stands at -42.84. Equity return is now at value -21.90, with -18.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.04.