The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

LGND

Concerning the House

Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, develops and licenses biopharmaceutical assets worldwide. It offers Pradefovir, Posaconazole, Voriconazole, CAPVAXIVE, NOXAFIL, MenFive, and ZELSUVMI for infectious disease; EVOMELA and KYPROLIS for multiple myeloma; FILSPARI for the treatment of immunoglobulin a nephropathy; PNEUMOSIL, a pneumococcal conjugate vaccine to help fight against pneumococcal pneumonia in children; and QARZIBA to treat neuroblastoma. The company also provides Teriparatide injection product for osteoporosis; RYLAZE, a recombinant erwinia asparaginase for acute lymphoblastic leukemia or lymphoblastic lymphoma in adult and pediatric patients; TZIELD, a CD3-directed antibody indicated to delay the onset of Stage 3 type 1 diabetes in adults and children aged 8 years and older with Stage 2 T1D; and VAXNEUVANCE for the prevention of invasive disease caused by streptococcus pneumoniae serotypes. In addition, it offers Duavee for menopause; Frovatriptan to treat Neurology; FYCOMPA and SESQUIENT for CNS; MEKINIST for cardiology; Nexterone, a captisol-enabled formulation of amiodarone; VEKLURY, an antiviral treatment for COVID-19; and Viviant for osteoporosis. Further, the company develops ACLX-002, Ciforadenant, UGN-301, Viright, MB07133, BOT/BAL, and Lasofoxifene for oncology; Ensifentrine for respiratory disease; QTORIN for rare disease; Sparsentan for kidney disease; VK2809 for hepatology; ANEB-001 for acute cannabinoid intoxication; Reproxalap for opthamology; VK0214 for Rare Disease; and VK5211 for musculoskeletal disorder. The company was incorporated in 1987 and is based in Jupiter, Florida.

United States · www.ligand.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$268.09M+19.0%
Operating income$41.00M+62.8%
Net income$124.45M+35.2%
Cash from ops$97.05M+70.5%
Quotation

$293.27

+4.52 (+1.6%)

52w hi$322.61
52w lo$151.08
Vol368.06K
As ofAug 12
The Verdict

Buy

Our score +0.96

Short+1.01
Medium+1.03
Long+0.71

computed 2026-08-12

By the Numbers

Ligand Pharmaceuticals Incorporated

Healthcare · Biotechnology

Market cap$5.85B
Enterprise value$5.53B
Trailing P/E30.20x
Forward P/E24.50x
EV / EBITDA41.58x
P / S (ttm)20.12x
Profit margin67.9%
Return on equity22.0%
Revenue growth+33.7%
Earnings growth+825.0%
Debt / equity116.94
Risk Metrics
Beta vs SPX1.01
Corr SPX0.43
Annual vol38.1%
Annual ret+64.6%
Sharpe1.69
Max DD-25.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.30
Sector+0.12
Technical+0.44
Earnings+0.00
Sentiment+0.44

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$290.38$294.74$287.81$293.27368.06K
Aug 11$295.01$299.34$288.60$288.75368.50K
Aug 10$295.51$299.39$288.46$295.70192.20K
Aug 7$304.37$304.60$286.65$293.15313.60K
Aug 6$306.08$317.49$297.31$300.14393.80K