Biogen Inc. [NASDAQ: BIIB] stock went on a downward path that fall over -6.70% on Wednesday, amounting to a one-week price decrease of less than -5.82%. The company report on January 10, 2022 that Tiziana Enrolls Second Patient in Ongoing Intranasal Foralumab Evaluation for Secondary Progressive Multiple Sclerosis.
– Clinical data from the first patient, after completing 3 out of 6 months, suggest that the treatment was well tolerated with a favorable clinical response.
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– FDA allows for continued enrollment under the Individual Patient Expanded Access Program.
Over the last 12 months, BIIB stock dropped by -15.50%. The one-year Biogen Inc. stock forecast points to a potential upside of 26.96. The average equity rating for BIIB stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $33.77 billion, with 148.00 million shares outstanding and 145.87 million shares in the current float. Compared to the average trading volume of 1.40M shares, BIIB stock reached a trading volume of 7494075 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $308.50 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 2.30. 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.
Piper Sandler have made an estimate for Biogen Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 12, 2022. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on December 10, 2021, representing the official price target for Biogen Inc. stock. Previously, the target price had yet another raise to $250, while Wells Fargo analysts kept a Equal Weight rating on BIIB stock.
The Average True Range (ATR) for Biogen Inc. is set at 9.09, with the Price to Sales ratio for BIIB stock in the period of the last 12 months amounting to 3.04. The Price to Book ratio for the last quarter was 3.20, with the Price to Cash per share for the same quarter was set at 19.72. Price to Free Cash Flow for BIIB in the course of the last twelve months was 13.97 with Quick ratio for the last quarter at 1.40.
BIIB Stock Performance Analysis:
Biogen Inc. [BIIB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.82. With this latest performance, BIIB shares dropped by -3.91% in over the last four-week period, additionally sinking by -31.33% over the last 6 months – not to mention a drop of -15.50% 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 39.35, with the RSI for the last a single of trading hit 36.89, and the three-weeks RSI is set at 39.88 for Biogen Inc. [BIIB]. The present Moving Average for the last 50 days of trading for this stock 245.77, while it was recorded at 234.41 for the last single week of trading, and 293.47 for the last 200 days.
Insight into Biogen Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Biogen Inc. [BIIB] shares currently have an operating margin of +30.76 and a Gross Margin at +81.69. Biogen Inc.’s Net Margin is presently recorded at +32.38.
Return on Total Capital for BIIB is now 19.80, given the latest momentum, and Return on Invested Capital for the company is 21.78. Return on Equity for this stock inclined to 33.28, with Return on Assets sitting at 15.43. When it comes to the capital structure of this company, Biogen Inc. [BIIB] has a Total Debt to Total Equity ratio set at 73.94. Additionally, BIIB Total Debt to Total Capital is recorded at 42.51, with Total Debt to Total Assets ending up at 32.14. Long-Term Debt to Equity for the company is recorded at 73.16, with the Long-Term Debt to Total Capital now at 42.06.
Reflecting on the efficiency of the workforce at the company, Biogen Inc. [BIIB] managed to generate an average of $439,626 per employee. Receivables Turnover for the company is 5.15 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 1.40 and a Current Ratio set at 1.70.
BIIB Stock EPS
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 -6.50%.
Biogen Inc. [BIIB] Insider Position Details
There are presently around $27,677 million, or 86.70% 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 16,258,915, which is approximately -1.213% of the company’s market cap and around 0.66% of the total institutional ownership; BLACKROCK INC., holding 13,896,253 shares of the stock with an approximate value of $3.13 billion in BIIB stocks shares; and VANGUARD GROUP INC, currently with $2.63 billion in BIIB stock with ownership of nearly -0.523% of the company’s market capitalization.
Positions in Biogen Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 432 institutional holders increased their position in Biogen Inc. [NASDAQ:BIIB] by around 7,357,990 shares. Additionally, 520 investors decreased positions by around 8,542,842 shares, while 213 investors held positions by with 106,922,326 shares. The mentioned changes placed institutional holdings at 122,823,158 shares, according to the latest SEC report filing. BIIB stock had 78 new institutional investments in for a total of 1,313,061 shares, while 129 institutional investors sold positions of 1,594,184 shares during the same period.