Seagen Inc (NASDAQ: SGEN)’s stock price has dropped by -0.88 in relation to previous closing price of 213.95. Nevertheless, the company has seen a loss of -0.80% in its stock price over the last five trading days. InvestorPlace reported 2023-11-05 that Bill Gross, the eponymous Bond King, is wading into the stock market to advise investors. Worryingly, he pointed to an imminent fourth-quarter recession closing out 2023.
Is It Worth Investing in Seagen Inc (NASDAQ: SGEN) Right Now?
, and the 36-month beta value for SGEN is at 0.33. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 13 as “hold,” and 0 as “sell.”
The average price suggested by analysts for SGEN is $228.91, which is $16.84 above the current market price. The public float for SGEN is 186.53M, and currently, shorts hold a 5.59% of that float. The average trading volume for SGEN on November 16, 2023 was 1.45M shares.
SGEN’s Market Performance
SGEN stock saw a decrease of -0.80% in the past week, with a monthly decline of -1.52% and a quarterly a decrease of 9.94%. The volatility ratio for the week is 0.72%, and the volatility levels for the last 30 days are 0.70% for Seagen Inc (SGEN). The simple moving average for the last 20 days is -1.21% for SGEN’s stock, with a simple moving average of 8.30% for the last 200 days.
Analysts’ Opinion of SGEN
Many brokerage firms have already submitted their reports for SGEN stocks, with Raymond James repeating the rating for SGEN by listing it as a “Strong Buy.” The predicted price for SGEN in the upcoming period, according to Raymond James is $175 based on the research report published on February 16, 2023 of the current year 2023.
SGEN Trading at -0.19% 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 -2.50% of loss for the given period.
Volatility was left at 0.70%, however, over the last 30 days, the volatility rate increased by 0.72%, as shares sank -1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.90% upper at present.
During the last 5 trading sessions, SGEN fell by -0.80%, which changed the moving average for the period of 200-days by +52.04% in comparison to the 20-day moving average, which settled at $214.53. In addition, Seagen Inc saw 65.02% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SGEN starting from Epstein David R, who sale 10,620 shares at the price of $213.01 back on Nov 10. After this action, Epstein David R now owns 136,598 shares of Seagen Inc, valued at $2,262,166 using the latest closing price.
HIMES VAUGHN B, the Chief Technical Officer of Seagen Inc, sale 8,785 shares at $213.32 during a trade that took place back on Nov 09, which means that HIMES VAUGHN B is holding 42,574 shares at $1,874,053 based on the most recent closing price.
Stock Fundamentals for SGEN
Current profitability levels for the company are sitting at:
- -31.24 for the present operating margin
- +79.10 for the gross margin
The net margin for Seagen Inc stands at -31.10. The total capital return value is set at -20.44, while invested capital returns managed to touch -20.45. Equity return is now at value -27.93, with -20.69 for asset returns.
Based on Seagen Inc (SGEN), the company’s capital structure generated 2.07 points at debt to equity in total, while total debt to capital is 2.03. Total debt to assets is 1.58, with long-term debt to equity ratio resting at 1.55. Finally, the long-term debt to capital ratio is 1.52.
When we switch over and look at the enterprise to sales, we see a ratio of 16.82, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.38 and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.42.
In conclusion, Seagen Inc (SGEN) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.