Legend Biotech (LEGN) Stock Price, News & Analysis

Company Overview

Legend Biotech Corporation, a clinical-stage biopharmaceutical company, through its subsidiaries, engages in the discovery, development, manufacturing, and commercialization of novel cell therapies for oncology and other indications in the United States, China, and internationally. Its lead product candidate, LCAR- B38M, is a chimeric antigen receptor for the treatment of multiple myeloma (MM). The company also has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including Non-Hodgkins Lymphoma, acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, hepatocellular carcinoma, small cell lung cancer, and non-small cell lung cancer. It has collaboration and license agreement with Janssen Biotech, Inc. for the development and commercialization of ciltacabtagene autoleucel. The company was founded in 2014 and is based in Somerset, New Jersey. Legend Biotech Corporation is a subsidiary of Genscript Biotech Corporation.

Key Stats

• Today's Range: $32.08 to $33.70
• 50-Day Range: $32.80 to $45.46
• 52-Week Range: $32.08 to $70.13
• Volume: 890,300 shs
• Average Volume: 1.46 million shs
• Market Capitalization: $5.99 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $81.54
• Consensus Rating: Buy

Legend Biotech Stock Analysis - MarketRank™

Legend Biotech scored higher than 29% of companies evaluated by MarketBeat, and ranked 776th out of 945 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Legend Biotech has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Legend Biotech has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Legend Biotech are expected to grow in the coming year, from ($1.23) to ($0.41) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Legend Biotech is -34.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Legend Biotech is -34.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Legend Biotech has a P/B Ratio of 4.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.04% of the outstanding shares of Legend Biotech have been sold short.

Short Interest Ratio / Days to Cover

Legend Biotech has a short interest ratio ("days to cover") of 17.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Legend Biotech has recently increased by 3.93%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Legend Biotech does not currently pay a dividend.

Dividend Growth

Legend Biotech does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.04% of the outstanding shares of Legend Biotech have been sold short.

Short Interest Ratio / Days to Cover

Legend Biotech has a short interest ratio ("days to cover") of 17.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Legend Biotech has recently increased by 3.93%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.53

News Sentiment

Legend Biotech has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Legend Biotech this week, compared to 5 articles on an average week.

Search Interest

Only 4 people have searched for LEGN on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Legend Biotech insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.02% of the stock of Legend Biotech is held by insiders.

Percentage Held by Institutions

70.89% of the stock of Legend Biotech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEGN Stock Analysis - Frequently Asked Questions

How have LEGN shares performed this year?

Legend Biotech's stock was trading at $60.17 on January 1st, 2024. Since then, LEGN shares have decreased by 45.5% and is now trading at $32.80.
View the best growth stocks for 2024 here.

How were Legend Biotech's earnings last quarter?

Legend Biotech Co. (NASDAQ:LEGN) announced its earnings results on Tuesday, November, 12th. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.56) by $0.22. Legend Biotech's quarterly revenue was up 66.9% on a year-over-year basis.

When did Legend Biotech IPO?

Legend Biotech (LEGN) raised $350 million in an initial public offering (IPO) on Friday, June 5th 2020. The company issued 18,400,000 shares at $18.00-$20.00 per share. Morgan Stanley, J.P. Morgan Securities and Jefferies acted as the underwriters for the IPO.

Who are Legend Biotech's major shareholders?

Legend Biotech's top institutional investors include FMR LLC (10.05%), Westfield Capital Management Co. LP (2.76%), Massachusetts Financial Services Co. MA (1.25%) and Janus Henderson Group PLC (1.20%).

How do I buy shares of Legend Biotech?

Shares of LEGN 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 Legend Biotech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Legend Biotech investors own include NVIDIA (NVDA), Broadcom (AVGO), Adobe (ADBE), Meta Platforms (META), Arista Networks (ANET), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:LEGN
• CUSIP: N/A
• CIK: 1801198
• Web: www.legendbiotech.com
• Phone: 732-317-5050
• Fax: N/A
• Employees: 1,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $81.54
• High Stock Price Target: $94.00
• Low Stock Price Target: $60.00
• Potential Upside/Downside: +148.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-518,250,000.00
• Net Margins: -66.92%
• Pretax Margin: N/A
• Return on Equity: -29.69%
• Return on Assets: -19.45%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 4.98
• Quick Ratio: 4.90

Sales & Book Value

• Annual Sales: $520.18 million
• Price / Sales: 11.52
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.88 per share
• Price / Book: 4.77

Miscellaneous

• Outstanding Shares: 182,634,000
• Free Float: 182,597,000
• Market Cap: $5.99 billion
• Optionable: Optionable
• Beta: 0.08