In yesterday’s Wall Street session, SIGA Technologies Inc. (NASDAQ:SIGA) shares traded at $8.42, up 4.21% from the previous session.
As we calculate the median target price by taking the range between a high of $11.00 and a low of $11.00, we find $11.00. Given the previous closing price of $8.08, this indicates a potential upside of 36.14 percent. SIGA stock price is now 1.09% away from the 50-day moving average and -23.64% away from the 200-day moving average. The market capitalization of the company currently stands at $589.99M.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
.
Insiders disposed of 54,792 shares of company stock worth roughly $0.46 million over the past 1 year. A total of 44.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SIGA stock. A new stake in SIGA Technologies Inc. shares was purchased by PRINCIPAL FINANCIAL GROUP INC during the first quarter worth $5,868,000. GOTHAM ASSET MANAGEMENT, LLC invested $2,621,000 in shares of SIGA during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in SIGA Technologies Inc. valued at approximately $1,604,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in SIGA for approximately $1,327,000. CITADEL ADVISORS LLC purchased a new stake in SIGA valued at around $1,274,000 in the second quarter. In total, there are 207 active investors with 47.90% ownership of the company’s stock.
On Friday morning SIGA Technologies Inc. (NASDAQ: SIGA) stock kicked off with the opening price of $8.07. During the past 12 months, SIGA Technologies Inc. has had a low of $5.49 and a high of $26.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.20, and a quick ratio of 6.00. The fifty day moving average price for SIGA is $8.31 and a two-hundred day moving average price translates $11.10 for the stock.
The latest earnings results from SIGA Technologies Inc. (NASDAQ: SIGA) was released for Jun, 2022. The net profit margin was 50.20% and return on equity was 65.90% for SIGA. The company reported revenue of $72.21 million for the quarter, compared to $4.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1390.12 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/02/2022. Investors who held shares on 05/17/2022 were paid a $0.45 dividend.
SIGA Technologies Inc.(SIGA) Company Profile
SIGA Technologies, Inc., a commercial-stage pharmaceutical company, focuses on the health security and infectious disease markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. SIGA Technologies, Inc. has a strategic partnership with Cipla Therapeutics to deliver sustained innovation and access to antibacterial drugs primarily against biothreats. The company was incorporated in 1995 and is headquartered in New York, New York.
