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Ligand Pharmaceuticals Incorporated (LGND)

Healthcare | Biotechnology | Jupiter, United States | NasdaqGM
309.25 USD -6.99 (-2.210%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★★★★☆Long-term:★★★⯪☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 4:57 a.m. EDT

Ligand Pharmaceuticals presents a compelling case for capital appreciation driven by robust profitability and a fortress-like balance sheet, yet the valuation premium demands caution. The company boasts exceptional gross margins exceeding 83% and a healthy 17% return on equity, supported by a net cash position that insulates it from debt pressure. However, the stock trades at a steep 41x trailing earnings multiple, pricing in significant future growth that analysts currently doubt, as their mean target implies modest downside. While the price momentum is aggressive, having surged well above its 200-day average, the lack of a dividend and the high-risk biotech sector profile temper the long-term outlook. Options activity reveals a mix of hedging at lower levels and speculative long-term bullishness, suggesting investors are wary of a pullback while maintaining a belief in the eventual upside. This is a high-conviction growth play, but not a safe harbor.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.053067
AutoARIMA0.069880
AutoETS0.069880
MSTL0.071470

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 35%
H-stat 6.96
Ljung-Box p 0.000
Jarque-Bera p 0.030
Excess Kurtosis 0.81
Attribute Value
Sector Healthcare
Ex Dividend Date 2010-07-01
Last Dividend Date 2007-04-02
Debt to Equity Ratio 45.319
Revenue per Share 14.068
Market Cap 6,197,698,048
Trailing P/E 40.27
Forward P/E 26.93
Beta 0.98
Profit Margins 55.95%
Website https://www.ligand.com

As of July 11, 2026, 4:57 a.m. EDT: Speculators are positioning for a range-bound near-term outcome with significant put volume at lower strikes (110 to 220) suggesting downside protection, while long-dated calls show bullish sentiment at higher strikes (440) for 2027. Implied volatility spikes sharply on deep ITM puts, signaling a fear of a sharp correction, whereas call positioning remains lighter on the upside for the immediate term.


Dividend Data

Dividend History
Date Dividend Yield %
2007-04-03 9.357455 33.068783
Additional Data
exDividendDate 2010-07-02
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 9.357455
lastDividendDate 2007-04-03

Info Dump

Attribute Value
52 Week Change 1.4916482
Address1 555 Heritage Drive
Address2 Suite 200
All Time High 326.63
All Time Low 4.11728
Ask 395.73
Ask Size 2
Audit Risk 8
Average Analyst Rating 1.2 - Strong Buy
Average Daily Volume10 Day 536,180
Average Daily Volume3 Month 334,359
Average Volume 334,359
Average Volume10Days 536,180
Beta 0.976
Bid 223.25
Bid Size 2
Board Risk 4
Book Value 49.794
City Jupiter
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 309.25
Current Ratio 21.281
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 316.42
Day Low 304.77
Debt To Equity 45.319
Earnings Call Timestamp End 1,778,157,000
Earnings Call Timestamp Start 1,778,157,000
Earnings Timestamp 1,778,157,000
Earnings Timestamp End 1,786,019,400
Earnings Timestamp Start 1,786,019,400
Ebitda 134,447,008
Ebitda Margins 0.48983002
Enterprise To Ebitda 43.662
Enterprise To Revenue 21.387
Enterprise Value 5,870,269,952
Eps Current Year 9.15714
Eps Forward 11.48167
Eps Trailing Twelve Months 7.68
Esg Populated 0
Ex Dividend Date 1,278,028,800
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 253.248
Fifty Day Average Change 56.002
Fifty Day Average Change Percent 0.221135
Fifty Two Week Change Percent 149.16483
Fifty Two Week High 326.63
Fifty Two Week High Change -17.380005
Fifty Two Week High Change Percent -0.05321007
Fifty Two Week Low 120.68
Fifty Two Week Low Change 188.57
Fifty Two Week Low Change Percent 1.5625622
Fifty Two Week Range 120.68 - 326.63
Financial Currency USD
First Trade Date Milliseconds 722,097,000,000
Float Shares 19,528,010
Forward Eps 11.48167
Forward P E 26.934235
Free Cashflow 142,107,376
Full Exchange Name NasdaqGM
Full Time Employees 47
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.83161
Gross Profits 228,258,000
Has Pre Post Market Data 1
Held Percent Insiders 0.023670001
Held Percent Institutions 1.07138
Implied Shares Outstanding 20,041,061
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Ir Website http://investor.ligand.com/Investors/Investor-Overview/default.aspx
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,175,558,400
Last Dividend Value 9.357455
Last Fiscal Year End 1,767,139,200
Last Split Date 1,667,347,200
Last Split Factor 1,603:1000
Long Business Summary 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.
Long Name Ligand Pharmaceuticals Incorporated
Market us_market
Market Cap 6,197,698,048
Market State PRE
Max Age 86,400
Message Board Id finmb_30820
Most Recent Quarter 1,774,915,200
Net Income To Common 153,559,008
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 6,337,785,130
Number Of Analyst Opinions 10
Open 322.23
Operating Cashflow 123,495,000
Operating Margins 0.33580002
Overall Risk 4
Payout Ratio 0.0
Peg Ratio 1.53
Phone 858 550 7500
Previous Close 316.24
Price Eps Current Year 33.77146
Price Hint 2
Price To Book 6.210588
Price To Sales Trailing12 Months 22.580109
Profit Margins 0.55946
Quick Ratio 20.812
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.22222
Region US
Regular Market Change -6.98999
Regular Market Change Percent -2.21034
Regular Market Day High 316.42
Regular Market Day Low 304.77
Regular Market Day Range 304.77 - 316.42
Regular Market Open 322.23
Regular Market Previous Close 316.24
Regular Market Price 309.25
Regular Market Time 1,783,972,801
Regular Market Volume 245,695
Return On Assets 0.051909998
Return On Equity 0.1713
Revenue Growth 0.141
Revenue Per Share 14.068
Sand P52 Week Change 0.20847368
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 5
Shares Outstanding 20,041,061
Shares Percent Shares Out 0.105900005
Shares Short 2,121,617
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,638,411
Short Name Ligand Pharmaceuticals Incorpor
Short Percent Of Float 0.1268
Short Ratio 4.25
Source Interval 15
State FL
Symbol LGND
Target High Price 388.0
Target Low Price 247.0
Target Mean Price 297.5
Target Median Price 285.0
Total Cash 779,404,992
Total Cash Per Share 38.89
Total Debt 451,976,992
Total Revenue 274,476,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 7.68
Trailing P E 40.26693
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 211.13216
Two Hundred Day Average Change 98.11784
Two Hundred Day Average Change Percent 0.4647224
Type Disp Equity
Volume 245,695
Website https://www.ligand.com
Zip 33,458