SIGA Technologies Inc (NASDAQ:SIGA) shares, rose in value, with the stock price down by -9.49% to the previous day’s close as strong demand from buyers drove the stock to $8.97.
Actively observing the price movement in the last trading, the stock closed the session at $9.91. The value of beta (5-year monthly) was 0.86 whereas the PE ratio was 9.37 over 12-month period. Referring to stock’s 52-week performance, its high was $10.00, and the low was $3.93. On the whole, SIGA has fluctuated by 94.14% over the past month.
With the market capitalization of SIGA Technologies Inc currently standing at about $637.68 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 12, 2024. The company’s Forward Dividend Ratio is 0.00, with its dividend yield at 0.00%. 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 $1.22 and then to about $1.19 by fiscal year 2025. Data indicates that the EPS growth is expected to be 28.40% in 2025, while the next year’s EPS growth is forecast to be -2.50%.
Analysts have estimated the company’s revenue for the quarter at $190.61 million, with a low estimate of $190.61 million and a high estimate of $190.61 million. According to the average forecast, sales growth in current quarter could jump up 36.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $190.61 million, representing an increase of 36.20% 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.
The stock’s technical analysis shows that the PEG ratio is about 9.37, with the price of SIGA currently trading nearly 24.13% and 57.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.89, while the 7-day volatility ratio is showing 9.01% which for the 30-day chart, stands at 7.57%. Furthermore, SIGA Technologies Inc (SIGA)’s beta value is 0.95, and its average true range (ATR) is 0.55.
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 -9.49% in last session, and over the past year, it grew by 81.27%%.
Data on historical trading for SIGA Technologies Inc (NASDAQ:SIGA) indicates that the trading volumes over the past 10 days have averaged 1.38 million and over the past 3 months, they’ve averaged 728.12K. According to company’s latest data on outstanding shares, there are 71.09 million shares outstanding.
Nearly 43.38% of SIGA Technologies Inc’s shares belong to company insiders and institutional investors own 48.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.52 million shares as on Mar 15, 2024, resulting in a short ratio of 7.55. According to the data, the short interest in SIGA Technologies Inc (SIGA) stood at 7.76% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.05 million. The stock has risen by 71.96% 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.
