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Jun 30, 2023

Ligand Pharmaceuticals (LGND) on the Upswing: AI Predicts 4% Monthly Growth despite Bearish Signals

Despite recent bearish indicators, Ligand Pharmaceuticals (LGND, $71.7) has shown resilience and is forecasted to grow by 4% to $74.57 or more within the next month. Our trusty AI advisor, after considering numerous scenarios where the stock trended up over the month, puts the odds of this uptrend continuation at a promising 76%.

Discover the revolutionary potential of AI-driven trading decisions with Tickeron's advanced technology.

This outlook comes amidst challenging circumstances. The biotechnology industry, in which Ligand operates, shows an average market capitalization of 2.08B. Across the sector, market caps range from a modest 402 (PNEXF) to a whopping 345.46B (NONOF). Despite this vast disparity, Ligand has managed to hold its ground and show potential for growth.

Over the past week, the biotech sector exhibited a price growth of -3%. Looking further into the past, monthly price growth averaged 1%, while the quarterly growth reached 30%. The sector saw considerable volatility, with AGLE showcasing the highest price growth at an impressive 257% and AVTX experiencing the sharpest fall at -89%.

Furthermore, the volume growth in the industry has been dipping with weekly, monthly, and quarterly growth rates of -30%, -15%, and -75% respectively. Despite this overall reduction in trading activity, Ligand continues to make strides.

However, it's worth noting that LGND has seen a downward trend recently, with its 10-day moving average moving below the 50-day moving average on June 28, 2023. This crossover, typically considered a bearish signal, indicates that the trend may have shifted downwards. In previous instances where the 10-day average crossed below the 50-day, the stock continued to move higher over the following month in 13 out of 14 cases.

Although this suggests a 90% chance of a continued downward trend, the resilience and positive growth prediction for Ligand provide a compelling counter-narrative. Ligand Pharmaceuticals' ability to defy odds and expectations sets it apart, making it a stock to watch closely in the coming weeks.

Stay tuned as we continue to monitor these market movements and provide timely insights to help guide your investment decisions. At Tickeron, we believe in unleashing the power of artificial intelligence to enhance trading decisions, and our marketing team plays a pivotal role in sharing this vision with the world

Related Ticker: LGND

LGND in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 05, 2023

LGND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 40 cases where LGND's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LGND advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LGND as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for LGND turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LGND declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for LGND entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LGND’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.618) is normal, around the industry mean (22.685). P/E Ratio (27.174) is within average values for comparable stocks, (131.324). Projected Growth (PEG Ratio) (0.869) is also within normal values, averaging (3.923). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (5.984) is also within normal values, averaging (316.663).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LGND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock worse than average.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Incyte Corp (NASDAQ:INCY), Sarepta Therapeutics (NASDAQ:SRPT), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Novavax (NASDAQ:NVAX), Sorrento Therapeutics, Inc. (OTC:SRNEQ).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.22B. The market cap for tickers in the group ranges from 402 to 424.75B. NVO holds the highest valuation in this group at 424.75B. The lowest valued company is PNEXF at 402.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was -4%. For the same Industry, the average monthly price growth was 27%, and the average quarterly price growth was 32%. BXPHF experienced the highest price growth at 300%, while SEEL experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -44%. For the same stocks of the Industry, the average monthly volume growth was 29% and the average quarterly volume growth was 43%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 63
SMR Rating: 93
Profit Risk Rating: 95
Seasonality Score: -26 (-100 ... +100)
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A.I.Advisor
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published General Information

General Information

a biotechnology company

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
3911 Sorrento Valley Boulevard
Phone
+1 858 550-7500
Employees
76
Web
https://www.ligand.com
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LGND and

Correlation & Price change

A.I.dvisor indicates that over the last year, LGND has been loosely correlated with AXON. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if LGND jumps, then AXON could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LGND
1D Price
Change %
LGND100%
-3.54%
AXON - LGND
49%
Loosely correlated
-0.22%
CYTK - LGND
47%
Loosely correlated
-2.92%
CRSP - LGND
39%
Loosely correlated
-1.81%
NTLA - LGND
36%
Loosely correlated
-1.11%
DNLI - LGND
36%
Loosely correlated
+0.59%
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