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NASDAQ:BIIB

Biogen (BIIB) Stock Price, News & Analysis

Biogen logo
$156.00 +0.57 (+0.37%)
(As of 11/20/2024 ET)

About Biogen Stock (NASDAQ:BIIB)

Key Stats

Today's Range
$153.63
$156.18
50-Day Range
$155.43
$201.44
52-Week Range
$153.62
$268.30
Volume
1.63 million shs
Average Volume
1.17 million shs
Market Capitalization
$22.73 billion
P/E Ratio
14.09
Dividend Yield
N/A
Price Target
$258.96
Consensus Rating
Moderate Buy

Company Overview

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., as well as collaboration with Fujirebio to potentially identify and develop blood-based biomarkers for tau pathology in the brain. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

Biogen Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

BIIB MarketRank™: 

Biogen scored higher than 97% of companies evaluated by MarketBeat, and ranked 48th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Biogen has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 15 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Biogen has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Biogen's stock forecast and price target.
  • Earnings Growth

    Earnings for Biogen are expected to grow by 4.32% in the coming year, from $16.42 to $17.13 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Biogen is 14.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Biogen is 14.09, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 126.32.

  • Price to Earnings Growth Ratio

    Biogen has a PEG Ratio of 1.52. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Biogen has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Biogen's valuation and earnings.
  • Percentage of Shares Shorted

    2.16% of the float of Biogen has been sold short.
  • Short Interest Ratio / Days to Cover

    Biogen has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Biogen has recently increased by 1.63%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Biogen does not currently pay a dividend.

  • Dividend Growth

    Biogen does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.16% of the float of Biogen has been sold short.
  • Short Interest Ratio / Days to Cover

    Biogen has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Biogen has recently increased by 1.63%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Biogen has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 56 news articles for Biogen this week, compared to 19 articles on an average week.
  • Search Interest

    47 people have searched for BIIB on MarketBeat in the last 30 days. This is an increase of 68% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added Biogen to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Biogen insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $88,019.00 in company stock.

  • Percentage Held by Insiders

    Only 0.16% of the stock of Biogen is held by insiders.

  • Percentage Held by Institutions

    87.93% of the stock of Biogen is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Biogen's insider trading history.
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BIIB Stock News Headlines

The Biogen Inc
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A European regulatory committee now recommends approval of the Alzheimer’s treatment lecanemab a few months after rejecting the drug
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BIIB Stock Analysis - Frequently Asked Questions

Biogen's stock was trading at $258.77 at the beginning of the year. Since then, BIIB shares have decreased by 39.7% and is now trading at $156.00.
View the best growth stocks for 2024 here
.

Biogen Inc. (NASDAQ:BIIB) released its quarterly earnings data on Wednesday, October, 30th. The biotechnology company reported $4.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.31. The business's quarterly revenue was down 2.5% compared to the same quarter last year.
Read the conference call transcript
.

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

Top institutional investors of Biogen include Primecap Management Co. CA (11.20%), State Street Corp (5.04%), Wellington Management Group LLP (3.52%) and Geode Capital Management LLC (2.48%). Insiders that own company stock include Susan H Alexander, Eric K Rowinsky, Ginger Gregory and Priya Singhal.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Biogen investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and Intel (INTC).

Company Calendar

Last Earnings
10/30/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

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
$258.96
High Stock Price Target
$342.00
Low Stock Price Target
$180.00
Potential Upside/Downside
+66.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
28 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
19.84%

Debt

Sales & Book Value

Annual Sales
$9.84 billion
Cash Flow
$17.97 per share
Book Value
$102.14 per share

Miscellaneous

Free Float
145,486,000
Market Cap
$22.73 billion
Optionable
Optionable
Beta
-0.06

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This page (NASDAQ:BIIB) was last updated on 11/21/2024 by MarketBeat.com Staff
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