Stock To Watch: Celgene Corporation (NASDAQ:CELG)


The leading market experts have placed a mean price target of $137.390 on Celgene Corporation (NASDAQ:CELG) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.540 a share for the upcoming quarter and $5.700 for the current fiscal.

Technical View

The technical analysis of Celgene Corporation plainly substantiates that the 50-day moving average of Celgene Corporation is $108.350, and stock is trading $3.595 points away or +3.318% from its 50-day moving average of $108.350. Further it is trading $7.909 or +7.602% away its 200-day moving average of $104.036. Celgene Corporation (NASDAQ:CELG) 52-week high is $128.390 and the 52-week low is $92.980.

This explains if the stock moves $-16.445, it will post a 52-week high. In event of +20.397% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Celgene Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Celgene Corporation (NASDAQ:CELG) ratio came in at 47.314.

The stock last ended the trading session at $111.945 and registered a market cap of $86.77B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Celgene Corporation (NASDAQ:CELG) PEG ratio is at 0.900.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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