$MRNA, $ALNY, $BGNE, $LEGN, $RPRX, $ROIV fell by 5-8% over the week.
Over the past week, the stock market has continued to decline. Leading the decline are biotechnology company stocks, which have fallen by 5-8%. You can receive signals for these company stocks by subscribing to our robots: Swing-trader-Downtrend-Protection-v-2-TA.
Notable Companies
Some of the most prominent companies in the Biotechnology industry include:
- 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 (OTC: SRNEQ)
Industry Description
Biotechnology is a diverse field that involves genetic and protein engineering to develop medications and therapies for the treatment and prevention of various medical conditions. Additionally, the industry plays a crucial role in producing essential components for diagnostic purposes. It's a multi-billion-dollar industry with a strong focus on research and development to innovate cutting-edge healthcare solutions.
Discoveries in the biotechnology sector have the potential for substantial growth. However, these breakthroughs must undergo rigorous regulatory approval processes, often by the U.S. Food and Drug Administration (FDA), before they can be introduced to the market. Some well-known companies in this industry include Amgen Inc., Gilead Sciences, Inc., and Celgene Corporation.
Market Capitalization
The average market capitalization within the Biotechnology industry is approximately $2.2 billion. Companies in this sector exhibit a wide range of market capitalization, spanning from $402 million to $410.2 billion. Notably, NVO holds the highest valuation in this group at $410.2 billion, while the lowest valued company is PNEXF at $402 million.
High and Low Price Notable News
Price fluctuations in the Biotechnology industry are quite dynamic. The average weekly price movement across all stocks in this sector was -3.83%. Over a monthly period, the average price growth was more positive at 22.16%, and for a quarter, it further increased to 34.16%. Among individual stocks, RNAZ experienced remarkable price growth at 335.08%, while SEEL faced a significant decline of -80.84%.
Some recent price highlights include:
- On 9/6/23 at 7:51 AM, Moderna (MRNA, $109.36) experienced a weekly decline of -5.72%, potentially indicating a trend reversal.
- On 8/25/23 at 7:08 AM, Moderna (MRNA, $112.65) showed a substantial weekly gain of +6.03%, suggesting a potential continuation of an uptrend.
- On 8/18/23 at 11:29 AM, Moderna (MRNA, $106.24) recorded a significant weekly gain of +5.94%.
Volume
The trading volume in the Biotechnology Industry is subject to fluctuations. On average, there was a weekly volume growth of 62.71% across all stocks in the industry. Over a month, the average volume growth was 135.64%, and for a quarter, it was 125.83%.
Some notable volume events include:
- On 9/16/23 at 7:44 AM, the volume for Roivant Sciences stock surged for one day, resulting in an extraordinary daily growth of 315% compared to the 65-Day Volume Moving Average.
- On 6/21/23 at 2:33 PM, Royalty Pharma's stock witnessed a consistent increase in volume for five consecutive days, with an average daily gain of 104%.
Fundamental Analysis Ratings
Fundamental analysis ratings help assess the overall health and performance of companies in the industry. These ratings are on a scale from 1 (best) to 100 (worst) and are as follows:
- Valuation Rating: 50
- P/E Growth Rating: 87
- Price Growth Rating: 69
- SMR Rating: 93
- Profit Risk Rating: 95
- Seasonality Score: -24 (on a scale of -100 to +100)
MRNA sees MACD Histogram crosses below signal line on September 19, 2023. This is a bearish signal, with an 85% chance of a downward move.
ALNY: The 10-day Moving Average crossed above the 50-day moving average on September 01, 2023, suggesting a 78% chance of an upward trend continuation.
BGNE: Broke above its upper Bollinger Band on August 29, 2023, indicating a 90% chance of a subsequent drop.
LEGN moved below its 50-day Moving Average on September 05, 2023, signaling a 90% chance of a continued downward trend.
RPRX: The Aroon Indicator entered a downward trend on September 15, 2023, with a 73% chance of a stock decline.
ROIV: The 10-day RSI Indicator moved out of overbought territory on September 11, 2023, implying a 78% chance of a downward trend.
MRNA's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for MRNA turned positive on January 23, 2025. Looking at past instances where MRNA's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2025. You may want to consider a long position or call options on MRNA as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
MRNA moved above its 50-day moving average on January 23, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRNA advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .
MRNA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for MRNA moved out of overbought territory on January 08, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (1.324) is normal, around the industry mean (15.749). P/E Ratio (0.000) is within average values for comparable stocks, (88.784). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.848). MRNA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.013). P/S Ratio (3.107) is also within normal values, averaging (276.027).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MRNA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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. MRNA’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 94, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of drug development services
Industry Biotechnology