Takeda Pharmaceutical Company Limited (NYSE:TAK) currently has a daily average trading volume of 2.77M but it saw 4715608 shares traded on Thursday. With a market cap of 52.35B USD, stock’s current market price of $16.44 came rising about 2.24 while comparing to the previous closing price of $16.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.30 and as low as $12.28. In the recent trading on the day, stock has struck highest price mark of $16.46 while lowest mark touched by it was $16.13.
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Taking a look at 20-day trading activity of Takeda Pharmaceutical Company Limited (TAK) gives us an average price of $15.72, while its current price level is 0.86% below from 52-week high level whereas it is 33.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.83 while that of 200 days or SMA-200 reads an average of $14.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.36% during that period while stretching the period over a month that decreases to 1.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.07 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $13.93 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $25.68. Average price target assigned by them is $17.90 which highlights an upside potential of 8.16% for the stock over that period. And to attain the median price target of $17.35 assigned by those analysts, stock has to add about 5.24% of value to its current levels.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which upgraded the stock as “Buy” in its note to investors issued on March 16, 2023, recommending a price target of $20 for it. Cowen upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on July 19, 2022 while assigning a price target range of $21-$24.
Over the week, TAK’s stock price is moving 2.69% up while it is 3.27% when we observe its performance for the past one month. Year-to-date it is 5.38% up and over the past year, the stock is showing an upside performance of 13.46%.
The company is expected to be releasing its next quarterly report in 05/11/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Takeda Pharmaceutical Company Limited’s total number of outstanding shares is 3.11B with 0.00% of that held by the insiders while 2.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.90% and return on equity (ROE) at 4.40%. It has a price to earnings ratio (P/E ratio) of 25.45. Stock’s beta reads 0.64. Stock has a price to book (P/B) ratio of 1.13 while price to sale or P/S ratio amounts to 1.81. Its return on asset (ROA) is 2.00% on average.
As per SEC documents, American Mutual Fund sought 2,658,669 of company’s common stock of worth $40.81 million as per recent closing price of the stock. American Mutual Fund is not the only institutional holder which restructured its stake in Takeda Pharmaceutical Company Limited, as VanEck Pharmaceutical ETF picked 1,284,335 shares of worth $19.71 million to bring its holdings to a total of 23844.0 shares.
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