Legend Stock Buy Hold or Sell Recommendation

LEGN
 Stock
  

USD 48.15  0.04  0.08%   

Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Legend Biotech Corp is 'Strong Buy'. Macroaxis provides Legend Biotech buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding LEGN positions. The advice algorithm takes into account all of Legend Biotech's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Legend Biotech's buy-and-hold perspective. Additionally, see Legend Biotech Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Legend and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Legend Biotech Corp.

Execute Legend Biotech Buy or Sell Advice

The Legend recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Legend Biotech Corp. Macroaxis does not own or have any residual interests in Legend Biotech Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Legend Biotech's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Legend BiotechBuy Legend Biotech
Strong Buy

Volatility

Details

Hype Condition

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Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

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Reporting Quality (M-Score)

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For the selected time horizon Legend Biotech Corp has a Risk Adjusted Performance of 0.026, Jensen Alpha of (0.013551), Total Risk Alpha of (0.09), Sortino Ratio of (0.015684) and Treynor Ratio of 0.0432
Our advice tool can be used to complement Legend Biotech Corp investment recommendation provided by experts. It analyzes the firm's potential to grow against your specific risk preferences and investment horizon. To make sure Legend Biotech Corp is not overpriced, please verify all Legend Biotech Corp fundamentals, including its cash and equivalents, earnings per share, and the relationship between the revenue and current ratio . Given that Legend Biotech Corp has a shares owned by institutions of 32.13 %, we recommend you to check Legend Biotech market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Legend Biotech Trading Alerts and Improvement Suggestions

The company reported the previous year's revenue of 118.59 M. Net Loss for the year was (346.4 M) with profit before overhead, payroll, taxes, and interest of 91.56 M.
Legend Biotech Corp currently holds about 791.26 M in cash with (250.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.11.
Latest headline from news.google.com: Legend Biotech Gets FDA Clearance for Small Cell Lung Cancer Trial - MarketWatch

Legend Biotech current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Legend analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Legend analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price68.00
Target Median Price71.50
Target High Price79.00
Recommendation Mean1.70
Number Of Analyst Opinions8
Target Low Price53.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Legend Biotech Returns Distribution Density

The distribution of Legend Biotech's historical returns is an attempt to chart the uncertainty of Legend Biotech's future price movements. The chart of the probability distribution of Legend Biotech stock daily returns describes the distribution of returns around its average expected value. We use Legend Biotech Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Legend Biotech returns is essential to provide solid investment advice for Legend Biotech.
Mean Return0.0414Value At Risk-3.5
Potential Upside5.09Standard Deviation2.78
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Legend Biotech historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Legend Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Legend Biotech is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legend Biotech Corp backward and forwards among themselves. Legend Biotech's institutional investor refers to the entity that pools money to purchase Legend Biotech's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares12.1 K664 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares22.3 K811 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares15.4 K716 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.7 K239 K
Yong Rong Hk Asset Management LtdCommon Shares130 K6.1 M
Yong Rong Hk Asset Management LtdCommon Shares29.8 K1.5 M
Yong Rong Hk Asset Management LtdCommon Shares198.3 K5.8 M
Note, although Legend Biotech's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Legend Biotech Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Legend Biotech or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Legend Biotech's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Legend stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.01
β
Beta against DOW0.73
σ
Overall volatility
2.76
Ir
Information ratio -0.01

Legend Biotech Volatility Alert

Legend Biotech Corp has relatively low volatility with skewness of 2.24 and kurtosis of 9.62. However, we advise all investors to independently investigate Legend Biotech Corp to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Legend Biotech's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Legend Biotech's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Legend Biotech Fundamentals Vs Peers

Comparing Legend Biotech's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Legend Biotech's direct or indirect competition across all of the common fundamentals between Legend Biotech and the related equities. This way, we can detect undervalued stocks with similar characteristics as Legend Biotech or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Legend Biotech's fundamental indicators could also be used in its relative valuation, which is a method of valuing Legend Biotech by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Legend Biotech to competition
FundamentalsLegend BiotechPeer Average
Return On Equity(107.41) %(0.31) %
Return On Asset(27.65) %(0.14) %
Profit Margin(292.09) %(1.27) %
Operating Margin(308.89) %(5.51) %
Current Valuation6.64 B16.62 B
Shares Outstanding152.83 M571.82 M
Shares Owned by Insiders1.35 %10.09 %
Shares Owned by Institutions32.13 %39.21 %
Number of Shares Shorted6.92 M4.71 M
Price to Book30.96 X9.51 X
Price to Sales62.00 X11.42 X
Revenue118.59 M9.43 B
Gross Profit91.56 M27.38 B
EBITDA(354.91 M)3.9 B
Net Income(346.4 M)570.98 M
Cash and Equivalents791.26 M2.7 B
Cash per Share5.11 X5.01 X
Total Debt129.23 M5.32 B
Debt to Equity0.29 %48.70 %
Current Ratio3.83 X2.16 X
Book Value Per Share1.55 X1.93 K
Cash Flow from Operations(250.36 M)971.22 M
Short Ratio9.73 X4.00 X
Earnings Per Share(2.59) X3.12 X
Number of Employees1.07 K18.84 K
Beta-0.4-0.15
Market Capitalization7.35 B19.03 B
Z Score33.68.72

Legend Biotech Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Legend . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Legend Biotech Buy or Sell Advice

When is the right time to buy or sell Legend Biotech Corp? Buying financial instruments such as Legend Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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In addition to having Legend Biotech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Consumer
Consumer Theme
Funds or Etfs that invest in consumer products such as packaged goods, clothing, food, beverages and retail services. The Consumer theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumer Theme or any other thematic opportunities.
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Additionally, see Legend Biotech Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Legend Biotech Corp information on this page should be used as a complementary analysis to other Legend Biotech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Legend Biotech Corp price analysis, check to measure Legend Biotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legend Biotech is operating at the current time. Most of Legend Biotech's value examination focuses on studying past and present price action to predict the probability of Legend Biotech's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Legend Biotech's price. Additionally, you may evaluate how the addition of Legend Biotech to your portfolios can decrease your overall portfolio volatility.
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Is Legend Biotech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legend Biotech. If investors know Legend will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legend Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
8.1 B
Quarterly Revenue Growth YOY
1.89
Return On Assets
(0.28) 
Return On Equity
(1.07) 
The market value of Legend Biotech Corp is measured differently than its book value, which is the value of Legend that is recorded on the company's balance sheet. Investors also form their own opinion of Legend Biotech's value that differs from its market value or its book value, called intrinsic value, which is Legend Biotech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legend Biotech's market value can be influenced by many factors that don't directly affect Legend Biotech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legend Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine Legend Biotech value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend Biotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.