Biogen Inc. [BIIB] is -4.40% lower this YTD. Is it still time to buy?

Biogen Inc. [NASDAQ: BIIB] gained 0.47% on the last trading session, reaching $283.68 price per share at the time.

Biogen Inc. represents 160.60 million in outstanding shares, while the company has a total market value of $44.38 billion with the latest information. BIIB stock price has been found in the range of $280.79 to $284.85.

If compared to the average trading volume of 1.23M shares, BIIB reached a trading volume of 1193229 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Biogen Inc. [BIIB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIIB shares is $305.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BIIB stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Biogen Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 27, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $303 to $273. The new note on the price target was released on June 22, 2020, representing the official price target for Biogen Inc. stock. Previously, the target price had yet another drop from $370 to $280, while Barclays kept a Equal Weight rating on BIIB stock. On June 09, 2020, analysts decreased their price target for BIIB shares from 360 to 297.

The Average True Range (ATR) for Biogen Inc. is set at 7.02, with the Price to Sales ratio for BIIB stock in the period of the last 12 months amounting to 3.06. The Price to Book ratio for the last quarter was 4.03, with the Price to Cash per share for the same quarter was set at 27.66. Price to Free Cash Flow for BIIB in the course of the last twelve months was 6.53 with Quick ratio for the last quarter at 2.20.

Trading performance analysis for BIIB stock

Biogen Inc. [BIIB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.22. With this latest performance, BIIB shares dropped by -1.38% in over the last four-week period, additionally sinking by -3.27% over the last 6 months – not to mention a rise of 24.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIIB stock in for the last two-week period is set at 57.73, with the RSI for the last a single of trading hit 63.18, and the three-weeks RSI is set at 54.06 for Biogen Inc. [BIIB]. The present Moving Average for the last 50 days of trading for this stock 279.58, while it was recorded at 278.28 for the last single week of trading, and 294.49 for the last 200 days.

Biogen Inc. [BIIB]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Biogen Inc. [BIIB] shares currently have an operating margin of +45.85 and a Gross Margin at +80.97. Biogen Inc.’s Net Margin is presently recorded at +46.32.

Return on Total Capital for BIIB is now 30.09, given the latest momentum, and Return on Invested Capital for the company is 31.67. Return on Equity for this stock inclined to 44.64, with Return on Assets sitting at 22.42. When it comes to the capital structure of this company, Biogen Inc. [BIIB] has a Total Debt to Total Equity ratio set at 48.27. Additionally, BIIB Total Debt to Total Capital is recorded at 32.56, with Total Debt to Total Assets ending up at 23.65. Long-Term Debt to Equity for the company is recorded at 36.51, with the Long-Term Debt to Total Capital now at 24.62.

Reflecting on the efficiency of the workforce at the company, Biogen Inc. [BIIB] managed to generate an average of $795,743 per employee. Receivables Turnover for the company is 5.13 with a Total Asset Turnover recorded at a value of 0.48.Biogen Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.50.

Biogen Inc. [BIIB]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Biogen Inc. posted 9.17/share EPS, while the average EPS was predicted by analysts to be reported at 8.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BIIB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Biogen Inc. go to -2.92%.

An analysis of insider ownership at Biogen Inc. [BIIB]

There are presently around $38,533 million, or 88.00% of BIIB stock, in the hands of institutional investors. The top three institutional holders of BIIB stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 15,631,932, which is approximately -2.092% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 14,599,456 shares of the stock with an approximate value of $4.14 billion in BIIB stocks shares; and VANGUARD GROUP INC, currently with $3.65 billion in BIIB stock with ownership of nearly -9.567% of the company’s market capitalization.

Positions in Biogen Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 424 institutional holders increased their position in Biogen Inc. [NASDAQ:BIIB] by around 9,114,762 shares. Additionally, 568 investors decreased positions by around 18,255,908 shares, while 183 investors held positions by with 108,460,329 shares. The mentioned changes placed institutional holdings at 135,830,999 shares, according to the latest SEC report filing. BIIB stock had 91 new institutional investments in for a total of 836,610 shares, while 126 institutional investors sold positions of 1,646,585 shares during the same period.

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