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home / news releases / LGND - Ligand Pharmaceuticals: Diversified Business Model And Room To Grow


LGND - Ligand Pharmaceuticals: Diversified Business Model And Room To Grow

Investment Thesis

Ligand Pharmaceuticals 1-year share price performance. Source: TradingView

Before the market sell-off at the end of last week Ligand Pharmaceuticals' (NASDAQ:LGND) stock had been buoyant, trading at $124 - its highest price since April 2019. The company delivered a solid set of Q120 earnings in May, earning $33.2m of revenues (up 23% sequentially) and raised its guidance for 2020 to $140m in sales from its 4 main business lines, and adjusted EPS of $3.6, giving a forward PE of ~30X.

The recent share price gains (Ligand stock jumped 22% in the

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Stock Information

Company Name: Ligand Pharmaceuticals Incorporated
Stock Symbol: LGND
Market: NASDAQ
Website: ligand.com

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