Rigel Pharmaceuticals (NASDAQ:RIGL) price on Wednesday, May 09, fall -16.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.99.
A look at the stock’s price movement, the close in the last trading session was $1.19. Turning to its 52-week performance, $1.96 and $0.71 were the 52-week high and 52-week low respectively. Overall, RIGL moved -20.62% over the past month.
Rigel Pharmaceuticals’s market cap currently stands at around $174.03 million.
Analysts have a consensus estimate of 33.1M for the company’s revenue for the quarter, with a low and high estimate of 31.56M and 34.2M respectively. The average forecast suggests up to a 23.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 148.99M, representing a 27.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIGL is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
RIGL’s current price about -12.75% and -24.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.03, while 7-day volatility ratio is 7.91% and 6.21% in the 30-day chart. Further, Rigel Pharmaceuticals (RIGL) has a beta value of 1.08, and an average true range (ATR) of 0.08.
If we refocus on Rigel Pharmaceuticals (NASDAQ:RIGL), historical trading data shows that trading volumes averaged 1.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 174.83 million shares.
The 1.90% of Rigel Pharmaceuticals’s shares are in the hands of company insiders while institutional holders own 60.79% of the company’s shares. Current price change has pushed the stock -31.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIGL stock continues to rise going into the next quarter.
