SIGA Technologies Inc. (NASDAQ:SIGA) shares, rose in value on Thursday, 08/04/22, with the stock price up by 6.45% to the previous day’s close as strong demand from buyers drove the stock to $19.47.
Actively observing the price movement in the last trading, the stock closed the session at $18.29, falling within a range of $16.74 and $20.64. The value of beta (5-year monthly) was 0.40 whereas the PE ratio was 21.80 over 12-month period. Referring to stock’s 52-week performance, its high was $22.70, and the low was $5.49. On the whole, SIGA has fluctuated by 48.51% over the past month.
With the market capitalization of SIGA Technologies Inc. currently standing at about $1.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 02, 2022 – Mar 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $0.66 and then to about $0.66 by fiscal year 2023.
Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $125.03 million, representing a decrease of -6.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SIGA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the SIGA stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 21.80, with the price of SIGA currently trading nearly 26.20% and 49.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.59, while the 7-day volatility ratio is showing 25.93% which for the 30-day chart, stands at 16.69%. Furthermore, SIGA Technologies Inc. (SIGA)’s beta value is 0.79, and its average true range (ATR) is 2.53. The company’s stock has been forecasted to trade at an average price of $11.00 over the course of the next 52 weeks, with a low of $11.00 and a high of $11.00. Based on these price targets, the low is 43.5% off current price, whereas the price has to move 43.5% to reach the yearly target high. Additionally, analysts’ median price of $11.00 is likely to be welcomed by investors because it represents an increase of 43.5% from the current levels.
A comparison of SIGA Technologies Inc. (SIGA) with its peers suggests the former has fared considerably weaker in the market. SIGA showed an intraday change of 6.45% in last session, and over the past year, it grew by 220.74%%. In comparison, Emergent BioSolutions Inc. (EBS) has moved higher at 6.58% on the day and was down -47.23% over the past 12 months. On the other hand, the price of Sarepta Therapeutics Inc. (SRPT) has risen 5.56% on the day. The stock, however, is off 50.30% from where it was a year ago. Additionally, there is a gain of 23.23% for BioCryst Pharmaceuticals Inc. (BCRX) in last trading while the stock has seen an overall depriciation of -15.50%% over the past year. The PE ratio stands at 21.80 for SIGA Technologies Inc., compared to 11.13 for Emergent BioSolutions Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.08%. Meanwhile, the Dow Jones Industrial Slipped by -0.26%.
Data on historical trading for SIGA Technologies Inc. (NASDAQ:SIGA) indicates that the trading volumes over the past 10 days have averaged 29.44 million and over the past 3 months, they’ve averaged 15.28 million. According to company’s latest data on outstanding shares, there are 73.07 million shares outstanding.
Nearly 0.70% of SIGA Technologies Inc.’s shares belong to company insiders and institutional investors own 42.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.55 million shares as on Jul 14, 2022, resulting in a short ratio of 0.53. According to the data, the short interest in SIGA Technologies Inc. (SIGA) stood at 4.91% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 4.26 million. The stock has risen by 175.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SIGA stock heading into the next quarter.