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NASDAQ:BIIB

Biogen (BIIB) Stock Price, News & Analysis

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Free BIIB Stock Alerts
$190.52
-1.64 (-0.85%)
(As of 04/18/2024 ET)
Compare
Today's Range
$189.52
▼
$192.55
50-Day Range
$192.16
▼
$244.74
52-Week Range
$189.52
▼
$319.76
Volume
1.51 million shs
Average Volume
1.16 million shs
Market Capitalization
$27.69 billion
P/E Ratio
23.87
Dividend Yield
N/A
Price Target
$297.73
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Biogen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
55.5% Upside
$296.35 Price Target
Short Interest
Healthy
2.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.65
Upright™ Environmental Score
News Sentiment
0.12mentions of Biogen in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$202,030 Sold Last Quarter
Proj. Earnings Growth
13.18%
From $15.48 to $17.52 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.91 out of 5 stars

Medical Sector

24th out of 919 stocks

Biological Products, Except Diagnostic Industry

5th out of 152 stocks

See Top Rated MarketRank™ Stocks Here
BIIB stock logo

About Biogen Stock (NASDAQ:BIIB)

Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS. It offers RITUXAN for treating non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin's lymphoma; and other anti-CD20 therapies. In addition, the company is developing various products for the treatment of MS, Alzheimer's disease and dementia, neuromuscular disorders, Parkinson's disease and movement disorders, neuropsychiatry, genetic neurodevelopmental disorders, and biosimilars, which are under various stages of development. It has collaboration and license agreements with Acorda Therapeutics, Inc.; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis Co., Ltd.; Sangamo Therapeutics, Inc.; and Sage Therapeutics, Inc. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

BIIB Stock Price History

BIIB Stock News Headlines

April 4, 2024 | insidertrades.com
Biogen Inc. (NASDAQ:BIIB) Insider Sells $19,817.37 in Stock
April 18, 2024 | benzinga.com
Biogen Unusual Options Activity For April 18
April 18, 2024 | DTI (Ad)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
April 18, 2024 | americanbankingnews.com
Biogen (NASDAQ:BIIB) Reaches New 12-Month Low at $195.06
April 17, 2024 | finance.yahoo.com
Biogen Inc. (BIIB) Reports Next Week: Wall Street Expects Earnings Growth
April 17, 2024 | americanbankingnews.com
Biogen (BIIB) to Release Quarterly Earnings on Wednesday
April 16, 2024 | msn.com
Biogen’s Alzheimer's drug to cost $3.5B for Medicare in 2025: report
April 16, 2024 | finance.yahoo.com
Biogen Inc. (BIIB) Interactive Stock Chart - Yahoo Finance
April 18, 2024 | DTI (Ad)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
April 14, 2024 | americanbankingnews.com
Bank of America Cuts Biogen (NASDAQ:BIIB) Price Target to $260.00
April 13, 2024 | americanbankingnews.com
Biogen Inc. (NASDAQ:BIIB) Sees Large Increase in Short Interest
April 13, 2024 | americanbankingnews.com
JPMorgan Chase & Co. Lowers Biogen (NASDAQ:BIIB) Price Target to $240.00
April 13, 2024 | americanbankingnews.com
Biogen Inc. (NASDAQ:BIIB) to Post Q1 2024 Earnings of $3.31 Per Share, Leerink Partnrs Forecasts
April 12, 2024 | finance.yahoo.com
Biogen Is Suffering From Doubts About the Future
April 12, 2024 | americanbankingnews.com
Biogen (NASDAQ:BIIB) Sets New 12-Month Low at $201.82
April 12, 2024 | americanbankingnews.com
Q3 2024 Earnings Estimate for Biogen Inc. Issued By Leerink Partnrs (NASDAQ:BIIB)
April 10, 2024 | americanbankingnews.com
Reviewing Biogen (NASDAQ:BIIB) and BioAtla (NASDAQ:BCAB)
April 8, 2024 | americanbankingnews.com
FY2024 EPS Estimates for Biogen Inc. Reduced by Cantor Fitzgerald (NASDAQ:BIIB)
April 7, 2024 | gurufocus.com
Biogen: Doubts About The Future
April 4, 2024 | benzinga.com
Looking Into Biogen's Recent Short Interest
April 1, 2024 | markets.businessinsider.com
Buy Rating on Biogen: Focused on Leqembi’s IV Dosing Amidst SQ Formulation Delay
April 1, 2024 | markets.businessinsider.com
Hold Rating on Biogen Amidst Leqembi’s Regulatory Challenges and Competitive Pressures
April 1, 2024 | markets.businessinsider.com
Analysts Offer Insights on Healthcare Companies: 4D Molecular Therapeutics (FDMT) and Biogen (BIIB)
April 1, 2024 | uk.investing.com
Biogen's Leqembi filing setback 'negative for sentiment'
April 1, 2024 | markets.businessinsider.com
Eisai Submits Leqembi SBLA For IV Maintenance Dosing In Early Alzheimer's Disease
March 31, 2024 | finance.yahoo.com
Eisai Completes Submission of LEQEMBI® (lecanemab-irmb) Supplemental Biologics License Application for IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease to the U.S. FDA
March 28, 2024 | finance.yahoo.com
BIIB May 2024 210.000 call
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:BIIB
CUSIP
09062X10
CIK
875045
Web
www.biogen.com
Phone
(617) 679-2000
Fax
617-679-2617
Employees
7,570
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$296.35
High Stock Price Target
$373.00
Low Stock Price Target
$213.00
Potential Upside/Downside
+56.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
27 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$7.98
Trailing P/E Ratio
23.87
Forward P/E Ratio
12.31
P/E Growth
1.86
Net Income
$1.16 billion
Net Margins
11.81%
Pretax Margin
13.19%
Return on Equity
14.91%
Return on Assets
8.18%

Debt

Debt-to-Equity Ratio
0.46
Current Ratio
2.00
Quick Ratio
1.26

Sales & Book Value

Annual Sales
$9.84 billion
Price / Sales
2.82
Cash Flow
$17.99 per share
Price / Cash Flow
10.59
Book Value
$102.14 per share
Price / Book
1.87

Miscellaneous

Outstanding Shares
145,360,000
Free Float
144,489,000
Market Cap
$27.69 billion
Optionable
Optionable
Beta
-0.02

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Key Executives

  • Mr. Christopher A. Viehbacher (Age 63)
    President, CEO & Director
    Comp: $487.94k
  • Mr. Michael R. McDonnell CPA (Age 60)
    Executive VP & CFO
    Comp: $2.12M
  • Ms. Nicole Murphy
    Head of Pharmaceutical Operations & Technology
  • Ms. Susan H. Alexander Esq.Ms. Susan H. Alexander Esq. (Age 67)
    Executive VP & Chief Legal Officer
    Comp: $2.2M
  • Dr. Ginger Gregory (Age 56)
    Executive VP & Chief Human Resources Officer
    Comp: $1.59M
  • Ms. Robin C. Kramer (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Charles E. Triano
    Senior VP & Head of Investor Relations
  • Ms. Natacha Gassenbach
    Chief Communication Officer & Head of Corporate Affairs
  • Mr. Adam Keeney Ph.D.
    Executive VP & Head of Corporate Development
  • Ms. Alisha A. Alaimo
    President & Head of North America

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Biogen Stock? BIIB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Biogen Inc.:

  • Biogen Inc. offers a diverse portfolio of therapies for treating neurological and neurodegenerative diseases, including cutting-edge treatments like ADUHELM for Alzheimer's disease.
  • The company has a strong pipeline of products under development for various conditions, indicating potential future growth and revenue streams.
  • Biogen's collaboration and license agreements with reputable companies demonstrate strategic partnerships that could lead to innovative breakthroughs in the biotechnology sector.
  • Recent positive developments, such as successful clinical trials or regulatory approvals, can boost investor confidence and drive stock price appreciation.
  • Biogen's focus on developing biosimilars can provide cost-effective alternatives to existing biologic drugs, potentially increasing market share and profitability.

Cons

Investors should be bearish about investing in Biogen Inc. for these reasons:

  • Market competition in the biotechnology industry is intense, leading to potential challenges in maintaining market share and pricing power.
  • Regulatory uncertainties, such as changes in healthcare policies or drug approval processes, can impact Biogen's operations and financial performance.
  • Dependency on a few key products for a significant portion of revenue can pose risks if any of these products face setbacks or patent expirations.
  • Volatility in the stock price of biotech companies like Biogen due to factors like clinical trial results, regulatory decisions, or market sentiment can lead to investment risks.
  • Macroeconomic factors, such as global economic conditions or healthcare spending trends, can influence the demand for Biogen's products and affect its financial results.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Biogen pros and cons to contact@marketbeat.com.

BIIB Stock Analysis - Frequently Asked Questions

Should I buy or sell Biogen stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 9 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BIIB shares.
View BIIB analyst ratings or view top-rated stocks.

What is Biogen's stock price target for 2024?

27 analysts have issued 1-year price objectives for Biogen's stock. Their BIIB share price targets range from $213.00 to $373.00. On average, they expect the company's stock price to reach $296.35 in the next year. This suggests a possible upside of 55.5% from the stock's current price.
View analysts price targets for BIIB or view top-rated stocks among Wall Street analysts.

How have BIIB shares performed in 2024?

Biogen's stock was trading at $258.77 at the start of the year. Since then, BIIB stock has decreased by 26.4% and is now trading at $190.52.
View the best growth stocks for 2024 here.

Are investors shorting Biogen?

Biogen saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,550,000 shares, an increase of 33.5% from the March 15th total of 2,660,000 shares. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is presently 3.0 days. Approximately 2.5% of the company's shares are sold short.
View Biogen's Short Interest.

When is Biogen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our BIIB earnings forecast.

How can I listen to Biogen's earnings call?

Biogen will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Biogen's earnings last quarter?

Biogen Inc. (NASDAQ:BIIB) announced its earnings results on Tuesday, February, 13th. The biotechnology company reported $2.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.18 by $0.23. The biotechnology company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.47 billion. Biogen had a trailing twelve-month return on equity of 14.91% and a net margin of 11.81%. During the same period last year, the firm posted $4.05 EPS.
Read the conference call transcript.

What ETFs hold Biogen's stock?

ETFs with the largest weight of Biogen (NASDAQ:BIIB) stock in their portfolio include Invesco Biotechnology & Genome ETF (PBE), VanEck Biotech ETF (BBH), Subversive Mental Health ETF (SANE), iShares Neuroscience and Healthcare ETF (IBRN), Invesco Nasdaq Biotechnology ETF (IBBQ), Horizon Kinetics Medical ETF (MEDX), iShares Biotechnology ETF (IBB) and Goldman Sachs Future Health Care Equity ETF (GDOC).

What guidance has Biogen issued on next quarter's earnings?

Biogen issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 15.000-16.000 for the period, compared to the consensus earnings per share estimate of 15.650. The company issued revenue guidance of -.

What is Michel Vounatsos' approval rating as Biogen's CEO?

394 employees have rated Biogen Chief Executive Officer Michel Vounatsos on Glassdoor.com. Michel Vounatsos has an approval rating of 86% among the company's employees. 72.0% of employees surveyed would recommend working at Biogen to a friend.

What other stocks do shareholders of Biogen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Biogen investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Amgen (AMGN), Walt Disney (DIS), Intel (INTC), Micron Technology (MU) and Boeing (BA).

Who are Biogen's major shareholders?

Biogen's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Saratoga Research & Investment Management (0.11%), Grimes & Company Inc. (0.03%), Gateway Investment Advisers LLC (0.03%), Cardinal Capital Management (0.02%), Czech National Bank (0.02%) and Diversified Trust Co (0.01%). Insiders that own company stock include Alfred Sandrock, Brian S Posner, Eric K Rowinsky, Ginger Gregory, Priya Singhal and Susan H Alexander.
View institutional ownership trends.

How do I buy shares of Biogen?

Shares of BIIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Biogen have any subsidiaries?
The following companies are subsidiares of Biogen: BIIB Colombia S.A.S., Biogen (Argentina) SRL, Biogen (Bermuda) Technologies Ltd., Biogen (Czech Republic) s.r.o., Biogen (Denmark) A/S, Biogen (RTP) Realty LLC, Biogen Australia PTY Ltd, Biogen Austria GmbH, Biogen B.V., Biogen Belgium N.V./S.A., Biogen Biotechnology (Shanghai) Co. Ltd, Biogen Brasil Produtos Farmaceuticos LTDA, Biogen Canada Inc., Biogen Chesapeake LLC, Biogen Chile Spa, Biogen Digital Health Inc., Biogen Estonia OU, Biogen Finland OY, Biogen Foundation Inc., Biogen France S.A.S., Biogen GmbH, Biogen Holding I LLC, Biogen Holding II LLC, Biogen Hong Kong Limited, Biogen Hungary KFT, Biogen Idec (Ireland) Ltd., Biogen Idec Biotech India Pvt. Ltd., Biogen Idec Limited, Biogen Idec Research Ltd., Biogen Idec Uruguay SA, Biogen International GmbH, Biogen International Holding Limited, Biogen International Neuroscience GmbH, Biogen Italia S.R.L., Biogen Japan Ltd., Biogen Korea LLC, Biogen Latvia SIA, Biogen Lithuania UAB, Biogen Luxembourg Holding S.a.r.l., Biogen MA Inc., Biogen Management Services GmbH, Biogen Manufacturing Holding LLC, Biogen Mexico S. DE R.L. DE C.V., Biogen NZ Biopharma Ltd., Biogen Netherlands B.V., Biogen New Ventures Inc., Biogen Norway AS, Biogen Pharma d.o.o., Biogen Pharma farmacevtska in biotehnoloska druzba d.o.o., Biogen Poland Sp. z.o.o., Biogen Portugal Sociedade Farmaceutica Unipessoal Lda., Biogen Realty Corporation, Biogen Realty Limited Partnership, Biogen SRO Inc., Biogen Slovakia s.r.o., Biogen Spain S.L., Biogen Sweden AB, Biogen Swiss Investments GmbH, Biogen Swiss Manufacturing GmbH, Biogen Switzerland AG, Biogen Switzerland Holdings GmbH, Biogen Taiwan Limited, Biogen Therapeutics Inc., Biogen Turkey Ilac Ticaret Limited Sirketi, Biogen U.S. Corporation, Biogen U.S. Limited Partnership, Biogen U.S. Pacific LLC, Biogen U.S. West Corporation, Conforma Therapeutics, Conforma Therapeutics Corporation, Convergence Pharmaceuticals, Convergence Pharmaceuticals Holdings Ltd., Convergence Pharmaceuticals Limited, Eidetica Biopharma GmbH, Fumapharm, IDEC Pharmaceuticals Corporation, NightstaRx Limited, Nightstar Europa Limited, Nightstar Inc., Nightstar Therapeutics Limited, Nightstar Therapeutics plc, Old Convergence Pharmaceuticals Limited, Panima Pharmaceuticals AG, Silver Acquisition Co. Ltd., Stromedix Inc., Stromedix Inc., Syntonix Pharmaceuticals Inc., TYSABRI, and Tungsten Bidco Limited.
Read More
This page (NASDAQ:BIIB) was last updated on 4/18/2024 by MarketBeat.com Staff

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