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NASDAQ:BIIB

Biogen (BIIB) Stock Price, News & Analysis

$200.81
-0.99 (-0.49%)
(As of 09/6/2024 ET)
Today's Range
$198.55
$203.24
50-Day Range
$198.39
$236.80
52-Week Range
$189.44
$269.43
Volume
834,800 shs
Average Volume
1.10 million shs
Market Capitalization
$29.24 billion
P/E Ratio
25.07
Dividend Yield
N/A
Price Target
$276.35

Biogen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
37.6% Upside
$276.35 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.62
Upright™ Environmental Score
News Sentiment
0.79mentions of Biogen in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$88,019 Sold Last Quarter
Proj. Earnings Growth
6.20%
From $16.12 to $17.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Medical Sector

24th out of 910 stocks

Biological Products, Except Diagnostic Industry

2nd out of 155 stocks

BIIB stock logo

About Biogen Stock (NASDAQ:BIIB)

Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS. It offers RITUXAN for treating non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin's lymphoma; and other anti-CD20 therapies. In addition, the company is developing various products for the treatment of MS, Alzheimer's disease and dementia, neuromuscular disorders, Parkinson's disease and movement disorders, neuropsychiatry, genetic neurodevelopmental disorders, and biosimilars, which are under various stages of development. It has collaboration and license agreements with Acorda Therapeutics, Inc.; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis Co., Ltd.; Sangamo Therapeutics, Inc.; and Sage Therapeutics, Inc. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

BIIB Stock Price History

BIIB Stock News Headlines

Biogen Inc. (NASDAQ:BIIB) Insider Sells $88,018.82 in Stock
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Biogen (NASDAQ:BIIB) Stock Rating Reaffirmed by Needham & Company LLC
Biogen’s Upward Trajectory: A Buy Rating on Alzheimer’s and Pipeline Progress
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Barclays Keeps Their Hold Rating on Biogen (BIIB)
Key Takeaways From Biogen Analyst Ratings
Biogen announces trial win for higher Spinraza doze
Biogen (NASDAQ:BIIB) Rating Increased to Strong-Buy at StockNews.com
Biogen Inc. (BIIB)
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Today
9/07/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:BIIB
CUSIP
09062X10
Employees
7,570
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$276.35
High Stock Price Target
$373.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+37.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
25 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
13.59%

Debt

Sales & Book Value

Annual Sales
$9.67 billion
Cash Flow
$18.07 per share
Book Value
$109.08 per share

Miscellaneous

Free Float
145,364,000
Market Cap
$29.24 billion
Optionable
Optionable
Beta
-0.04

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Key Executives

  • Mr. Christopher A. Viehbacher (Age 63)
    President, CEO & Director
    Comp: $4.07M
  • Mr. Michael R. McDonnell CPA (Age 60)
    Executive VP & CFO
    Comp: $2.21M
  • Ms. Susan H. Alexander Esq.Ms. Susan H. Alexander Esq. (Age 67)
    Executive VP & Chief Legal Officer
    Comp: $1.95M
  • Ms. Robin C. Kramer (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Charles E. Triano
    Senior VP & Head of Investor Relations
  • Ms. Natacha Gassenbach
    Chief Communication Officer & Head of Corporate Affairs
  • Mr. Fraser Hall
    President & Head of Intercontinental Region
  • Dr. Wolfram Schmidt
    President & Head of Europe
  • Ms. Kendra Thomas
    Head of Global Workforce Diversity, Equity & Inclusion and People Relations

Should I Buy Biogen Stock? BIIB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Biogen Inc.:

  • Biogen's stock price is currently at $204.82, which may present a buying opportunity for investors looking to enter at a lower price point.
  • Recent analyst upgrades to a "strong-buy" rating by StockNews.com could indicate positive momentum and potential future growth for the company.
  • Consistent analyst ratings of "buy" and "outperform" suggest confidence in Biogen's future performance and market position.
  • Biogen's focus on developing treatments for neurological and neurodegenerative diseases positions the company in a high-demand sector with potential for significant market expansion.
  • Strategic acquisitions and partnerships in the biotechnology space could drive innovation and revenue growth for Biogen in the near future.

Cons

Investors should be bearish about investing in Biogen Inc. for these reasons:

  • Market volatility and regulatory challenges in the biotechnology industry could impact Biogen's stock performance and financial stability.
  • Competition from other biotech companies in developing similar treatments may pose a threat to Biogen's market share and profitability.
  • Fluctuations in drug pricing regulations and healthcare policies could affect Biogen's revenue streams and profitability margins.
  • Dependency on a few key products for a significant portion of revenue exposes Biogen to risks associated with product lifecycle and patent expirations.
  • Economic downturns or global health crises could impact demand for Biogen's products and services, leading to potential revenue declines.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these Biogen pros and cons to contact@marketbeat.com.

BIIB Stock Analysis - Frequently Asked Questions

How have BIIB shares performed this year?

Biogen's stock was trading at $258.77 at the beginning of 2024. Since then, BIIB stock has decreased by 22.4% and is now trading at $200.81.
View the best growth stocks for 2024 here
.

How were Biogen's earnings last quarter?

Biogen Inc. (NASDAQ:BIIB) issued its earnings results on Thursday, August, 1st. The biotechnology company reported $5.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $1.28. The firm's revenue for the quarter was up .4% on a year-over-year basis.
Read the conference call transcript
.

What is Michel Vounatsos' approval rating as Biogen's CEO?

394 employees have rated Biogen Chief Executive Officer Michel Vounatsos on Glassdoor.com. Michel Vounatsos has an approval rating of 86% among the company's employees. 72.0% of employees surveyed would recommend working at Biogen to a friend.

Does Biogen have any subsidiaries?

The following companies are subsidiaries of Biogen: Nightstar Therapeutics plc, Convergence Pharmaceuticals, TYSABRI, Stromedix Inc., Panima Pharmaceuticals AG, Syntonix Pharmaceuticals Inc., Fumapharm, and more.

Who are Biogen's major shareholders?

Top institutional investors of Biogen include Primecap Management Co. CA (11.22%), Legal & General Group Plc (1.06%), Clearbridge Investments LLC (1.01%) and Bank of New York Mellon Corp (0.86%). Insiders that own company stock include Susan H Alexander, Eric K Rowinsky, Ginger Gregory and Priya Singhal.
View institutional ownership trends
.

How do I buy shares of Biogen?

Shares of BIIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Biogen own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Biogen investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Amgen (AMGN) and Walt Disney (DIS).

This page (NASDAQ:BIIB) was last updated on 9/7/2024 by MarketBeat.com Staff

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