Ligand Pharmaceuticals Incorporated (LGND)
Ligand Pharmaceuticals Incorporated is a biopharmaceutical company based in San Diego, California, that specializes in providing innovative technologies to enhance drug discovery and development for pharmaceutical partners worldwide. With a robust portfolio of proprietary technologies and a commitment to advancing therapeutics across various therapeutic areas, Ligand aims to expand its reach through strategic collaborations and partnerships. The company's diverse platform and experienced management team position it well to capitalize on emerging opportunities in the pharmaceutical landscape, while its focus on efficiency and value creation drives sustainable growth.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 63.62% per annum.
- LGND price at the close of January 16, 2026 was $192.97 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 192.53% per annum.
- LGND price at the close of January 16, 2026 was lower than the bottom border of the secondary price channel by $2.37 (1.21%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LGND price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 17, 2023
End date: January 16, 2026
a = 2.7617
b = 0.0013
s = 0.1148
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 63.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1148) – 1
= 58.27%
August 17, 2023 calculations
Top border of price channel:
Exp(Y649)
= Exp(a + b × X649 + 2 × s)
= Exp(a + b × 940 + 2 × s)
= Exp(2.7617 + 0.0013 × 940 + 2 × 0.1148)
= Exp(4.2594)
= $70.77
Bottom border of price channel:
Exp(Y649)
= Exp(a + b × X649 – 2 × s)
= Exp(a + b × 940 – 2 × s)
= Exp(2.7617 + 0.0013 × 940 – 2 × 0.1148)
= Exp(3.8003)
= $44.71
January 16, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(2.7617 + 0.0013 × 1,823 + 2 × 0.1148)
= Exp(5.4506)
= $232.90
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.7617 + 0.0013 × 1,823 – 2 × 0.1148)
= Exp(4.9915)
= $147.16
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 63.62% per annum.
- LGND price at the close of January 16, 2026 was $192.97 and was inside the primary price channel.
Secondary Trend
Start date: April 3, 2025
End date: January 16, 2026
a = 0.0578
b = 0.0029
s = 0.0721
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 192.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0721) – 1
= 33.41%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 + 2 × s)
= Exp(a + b × 1,535 + 2 × s)
= Exp(0.0578 + 0.0029 × 1,535 + 2 × 0.0721)
= Exp(4.7161)
= $111.73
Bottom border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 – 2 × s)
= Exp(a + b × 1,535 – 2 × s)
= Exp(0.0578 + 0.0029 × 1,535 – 2 × 0.0721)
= Exp(4.4278)
= $83.75
January 16, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(0.0578 + 0.0029 × 1,823 + 2 × 0.0721)
= Exp(5.5630)
= $260.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(0.0578 + 0.0029 × 1,823 – 2 × 0.0721)
= Exp(5.2748)
= $195.34
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 192.53% per annum.
- LGND price at the close of January 16, 2026 was lower than the bottom border of the secondary price channel by $2.37 (1.21%). This indicates a possible reversal in the secondary trend direction.