Rigel Pharmaceuticals (NASDAQ:RIGL) shares, rose in value, with the stock price down by -1.32% to the previous day’s close as strong demand from buyers drove the stock to $1.12.
Actively observing the price movement in the last trading, the stock closed the session at $1.14. Referring to stock’s 52-week performance, its high was $1.96, and the low was $0.71. On the whole, RIGL has fluctuated by -21.88% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIGL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RIGL currently trading nearly -9.75% and -15.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.85, while the 7-day volatility ratio is showing 6.15% which for the 30-day chart, stands at 6.28%. Furthermore, Rigel Pharmaceuticals (RIGL)’s beta value is 1.03, and its average true range (ATR) is 0.08.
A comparison of Rigel Pharmaceuticals (RIGL) with its peers suggests the former has fared considerably weaker in the market. RIGL showed an intraday change of -1.32% in last session, and over the past year, it shrunk by -3.43%%.
Data on historical trading for Rigel Pharmaceuticals (NASDAQ:RIGL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 174.83 million shares outstanding.
Nearly 1.96% of Rigel Pharmaceuticals’s shares belong to company insiders and institutional investors own 60.96% of the company’s shares. The stock has fallen by -22.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIGL stock heading into the next quarter.
