Legend Biotech Coverage Initiated by Analysts at HC Wainwright
| LEGN Stock | USD 47.12 1.71 3.50% |
About 61% of Legend BiotechCorp's investor base is looking to short. The analysis of the overall investor sentiment regarding Legend BiotechCorp suggests that many traders are alarmed. Legend BiotechCorp's investor sentiment overview provides quick insight into current market opportunities from investing in Legend BiotechCorp. The current market sentiment, together with Legend BiotechCorp's historical and current headlines, can help investors time the market. In addition, many technical investors use Legend BiotechCorp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Legend BiotechCorp stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Legend daily returns and investor perception about the current price of Legend BiotechCorp as well as its diversification or hedging effects on your existing portfolios.
Legend |
Research analysts at HC Wainwright assumed coverage on shares of Legend Biotech in a research report issued on Wednesday, Briefing.com reports. The firm set a buy rating and a 66.00 price target on the stock. HC Wainwrights price target suggests a potential upside of 41.00 percent from the companys previous close. Several
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Legend BiotechCorp Current Investor Sentiment
Panic Vs Confidence
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Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Legend BiotechCorp's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Legend BiotechCorp.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Legend BiotechCorp Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Legend BiotechCorp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Legend BiotechCorp Historical Investor Sentiment
Investor biases related to Legend BiotechCorp's public news can be used to forecast risks associated with an investment in Legend. The trend in average sentiment can be used to explain how an investor holding Legend can time the market purely based on public headlines and social activities around Legend BiotechCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Legend BiotechCorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Legend BiotechCorp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Legend BiotechCorp news discussions. The higher the estimate score, the more favorable the investor's outlook on Legend BiotechCorp.
Legend BiotechCorp Fundamental Analysis
We analyze Legend BiotechCorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Legend BiotechCorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Legend BiotechCorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Outstanding
Shares Outstanding Comparative Analysis
Legend BiotechCorp is currently under evaluation in shares outstanding category among related companies. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Legend BiotechCorp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Legend BiotechCorp stock to make a market-neutral strategy. Peer analysis of Legend BiotechCorp could also be used in its relative valuation, which is a method of valuing Legend BiotechCorp by comparing valuation metrics with similar companies.
Peers
Legend BiotechCorp Related Equities
| DAWN | Day One | 6.06 | ||||
| ZLAB | Zai Lab | 3.64 | ||||
| ACLX | Arcellx | 1.77 | ||||
| TERN | Terns Pharmaceuticals | 1.10 | ||||
| BPMC | Blueprint Medicines | 0.59 | ||||
| ALNY | Alnylam Pharmaceuticals | 0.11 | ||||
| STOK | Stoke Therapeutics | 0.60 | ||||
| ASND | Ascendis Pharma | 0.90 | ||||
| AMLX | Amylyx Pharmaceuticals | 1.00 | ||||
| APLS | Apellis Pharmaceuticals | 1.08 | ||||
| MDGL | Madrigal Pharmaceuticals | 2.66 | ||||
| PCVX | VaxcyteInc | 2.90 | ||||
| ETNB | 89bio | 3.06 | ||||
| TVTX | Travere Therapeutics | 3.17 | ||||
| AKRO | Akero Therapeutics | 5.05 | ||||
| PLRX | Pliant TherapeuticsInc | 5.21 |
Check out Legend BiotechCorp Hype Analysis, Legend BiotechCorp Correlation and Legend BiotechCorp Performance. To learn how to invest in Legend Stock, please use our How to Invest in Legend BiotechCorp guide.Note that the Legend BiotechCorp information on this page should be used as a complementary analysis to other Legend BiotechCorp'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 the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Legend Stock analysis
When running Legend BiotechCorp's price analysis, check to measure Legend BiotechCorp'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 BiotechCorp is operating at the current time. Most of Legend BiotechCorp's value examination focuses on studying past and present price action to predict the probability of Legend BiotechCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legend BiotechCorp's price. Additionally, you may evaluate how the addition of Legend BiotechCorp to your portfolios can decrease your overall portfolio volatility.
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Is Legend BiotechCorp'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 BiotechCorp. 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 BiotechCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.94) | Revenue Per Share 1.619 | Quarterly Revenue Growth 1.876 | Return On Assets (0.17) | Return On Equity (0.52) |
The market value of Legend BiotechCorp 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 BiotechCorp's value that differs from its market value or its book value, called intrinsic value, which is Legend BiotechCorp'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 BiotechCorp's market value can be influenced by many factors that don't directly affect Legend BiotechCorp'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 BiotechCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legend BiotechCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend BiotechCorp'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.