Biogen stock (BIIB) has hit a 52-week high at $190.34, marking a 31.14% increase over the past year and a 43.31% gain in six months, reflecting strong investor confidence and a “GREAT” financial health score. InvestingPro data suggests the company is undervalued with a P/E ratio of 16.92 and an 8% free cash flow yield, while recent positive news includes successful Phase 2/3 study results for nusinersen and Breakthrough Therapy Designation for litifilimab, despite some analyst price target revisions.
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Biogen stock hits 52-week high at 190.34 USD
Biogen stock (BIIB) has hit a 52-week high at $190.34, marking a 31.14% increase over the past year and a 43.31% gain in six months, reflecting strong investor confidence and a “GREAT” financial health score. InvestingPro data suggests the company is undervalued with a P/E ratio of 16.92 and an 8% free cash flow yield, while recent positive news includes successful Phase 2/3 study results for nusinersen and Breakthrough Therapy Designation for litifilimab, despite some analyst price target revisions.