Legend Biotech had a nice pop today and is currently up 4.53% we'll see if the cash keeps flowing in.
It looks like Legend Biotech isn't currently at a very decisive point in regards to support/resistance levels. Legend Biotech hasn't shown a lot of strength recently, shareholders don't seem that energized about the asset's future prospects. LEGN might find some support at the 39.5 level, buyers might push the price back up from here. But it's not very clear what will happen.
The analysts feel fairly neutral on the prospects for Legend Biotech but a little more positive than negative. The current Analysts Sentiment Score is 27.67. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-04-16 HC Wainwright reiterated their rating of Buy and added a price target of $87.00. Cantor Fitzgerald announced that they are initiating coverage with a rating of Overweight on 2024-04-03 and they set their price target at $82.00.On 2024-03-18 UBS Group increased their price target by 6.58% to $81.00. Raymond James initiated a rating of Outperform on 2024-03-13 and added a price target of $86.00. Royal Bank of Canada announced that they are reiterating a rating of Outperform on 2024-03-07 and added a price target of $85.00. On 2024-01-24 Barclays increased their price target by 1.08% to $94.00. On 2023-12-19 Scotiabank started covering Legend Biotech with a rating of Sector Perform and they set their price target at $65.00.The Goldman Sachs Group initiated a rating of Buy on 2023-11-06 and provided a price target of $90.09. Citigroup initiated a rating of Buy on 2023-08-02. Morgan Stanley gave a boost to their price target and moved to $85.00 from $65.00 on 2023-07-20.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| LEGN | 27.67 | 30.06 | 0 | 25.72 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| LEGN | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| LEGN | 9.49 | %2.47175 | 16.1 | 11.616 | 8160000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| LEGN |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZLAB | Zai Lab Limited American | 0.66 | 0.31 | -1.65 | -20.95 | 39.82 | 37.62 | -4.34 | 43 | 106.06 | 39.23 | 26.06 | -2090.40 | -12477.05 | 0 | 0 | 3.79084 |
| ADPT | Adaptive Biotechnologies | 0.62 | -1.34 | -20.79 | -2.21 | -2.00 | 28.12 | 4.74 | 68 | 50.69 | 48.45 | 22.42 | -4764.60 | -10994.73 | 150 | 0 | 7.83993 |
| NVCR | NovoCure Limited Ordinary | 0.6 | 2.31 | 1.75 | 2.99 | -14.55 | -24.43 | 37.86 | 63 | -1.41 | -3.15 | -10.35 | -32666.69 | -9422.70 | 0 | 0 | 7.02893 |
| NOAH | Noah Holdings Limited | 0.57 | -0.17 | 2.54 | -6.10 | 59.62 | -16.90 | -13.72 | 34 | 17.07 | 9.38 | 19.51 | -8410.83 | -1923.35 | 0 | 0 | 3.60295 |
| IOVA | Iovance Biotherapeutics, | 0.54 | -0.61 | -5.24 | -22.92 | -28.16 | -20.66 | 57.45 | 20 | 10.13 | 12.88 | 12.48 | -7782.48 | 186.72 | 0 | 0 | 15.0071 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
