Biogen Inc (NASDAQ: BIIB) has a higher price-to-earnings ratio of 22.83x compared to its average ratio, and the 36-month beta value for BIIB is at 0.07. Analysts have varying views on the stock, with 23 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The average price suggested by analysts for BIIB is $320.54, which is $90.91 above the current market price. The public float for BIIB is 144.02M, and currently, shorts hold a 1.87% of that float. The average trading volume for BIIB on November 16, 2023 was 910.45K shares.
BIIB) stock’s latest price update
The stock price of Biogen Inc (NASDAQ: BIIB) has jumped by 1.94 compared to previous close of 225.26. Despite this, the company has seen a fall of -0.89% in its stock price over the last five trading days. The Motley Fool reported 2023-11-10 that There’s now more than one medicine on the market to treat Alzheimer’s disease. Safety and efficacy will be the two major areas of future competition.
BIIB’s Market Performance
Biogen Inc (BIIB) has experienced a -0.89% fall in stock performance for the past week, with a -14.13% drop in the past month, and a -12.19% drop in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 2.69% for BIIB. The simple moving average for the last 20 days is -5.01% for BIIB’s stock, with a simple moving average of -16.54% for the last 200 days.
Analysts’ Opinion of BIIB
Many brokerage firms have already submitted their reports for BIIB stocks, with HSBC Securities repeating the rating for BIIB by listing it as a “Buy.” The predicted price for BIIB in the upcoming period, according to HSBC Securities is $360 based on the research report published on September 06, 2023 of the current year 2023.
BIIB Trading at -8.98% from the 50-Day Moving Average
After a stumble in the market that brought BIIB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.19% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -12.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.93% lower at present.
During the last 5 trading sessions, BIIB fell by -0.89%, which changed the moving average for the period of 200-days by -19.69% in comparison to the 20-day moving average, which settled at $240.06. In addition, Biogen Inc saw -17.08% 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 BIIB starting from BIOGEN INC., who sale 6,000,000 shares at the price of $0.50 back on Sep 26. After this action, BIOGEN INC. now owns 17,652,466 shares of Biogen Inc, valued at $3,000,000 using the latest closing price.
Singhal Priya, the Head of Development of Biogen Inc, sale 431 shares at $269.43 during a trade that took place back on Sep 05, which means that Singhal Priya is holding 3,354 shares at $116,124 based on the most recent closing price.
Stock Fundamentals for BIIB
Current profitability levels for the company are sitting at:
- +24.11 for the present operating margin
- +70.35 for the gross margin
The net margin for Biogen Inc stands at +32.30. The total capital return value is set at 11.74, while invested capital returns managed to touch 16.24. Equity return is now at value 10.73, with 5.51 for asset returns.
Based on Biogen Inc (BIIB), the company’s capital structure generated 50.09 points at debt to equity in total, while total debt to capital is 33.37. Total debt to assets is 27.33, with long-term debt to equity ratio resting at 49.37. Finally, the long-term debt to capital ratio is 32.89.
When we switch over and look at the enterprise to sales, we see a ratio of 3.59, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 4.60 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.99.
In conclusion, Biogen Inc (BIIB) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.