The price of SIGA Technologies Inc. (NASDAQ:SIGA) shares last traded on Wall Street rose 3.80% to $5.74.
Based on available information, 1 analysts follow SIGA Technologies Inc. (NASDAQ:SIGA). The consensus rating among analysts is ‘Buy’. 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 $5.53, this indicates a potential upside of 98.92 percent. SIGA stock price is now 7.10% away from the 50-day moving average and -9.95% away from the 200-day moving average. The market capitalization of the company currently stands at $376.60M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
Insiders disposed of 21,930 shares of company stock worth roughly $0.13 million over the past 1 year. A total of 9.31% 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 NORGES BANK during the first quarter worth $2,834,000. ASSENAGON ASSET MANAGEMENT S.A. invested $2,731,000 in shares of SIGA during the first quarter. In the first quarter, AMERIPRISE FINANCIAL INC acquired a new stake in SIGA Technologies Inc. valued at approximately $968,000. SIMPLEX TRADING, LLC acquired a new stake in SIGA for approximately $689,000. NEW YORK LIFE INVESTMENT MANAGEMENT LLC purchased a new stake in SIGA valued at around $474,000 in the second quarter. In total, there are 201 active investors with 47.90% ownership of the company’s stock.
A candlestick chart of SIGA Technologies Inc. (NASDAQ: SIGA) showed a price of $5.46 on Monday morning. During the past 12 months, SIGA Technologies Inc. has had a low of $4.72 and a high of $24.93. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.30, and a quick ratio of 7.00. According to the stock market information, the enterprise value for the company is $278.97M, which is based on a 12.62 price-to-earnings ratio, a 12.62 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for SIGA is $5.36 and a two-hundred day moving average price translates $6.77 for the stock.
The latest earnings results from SIGA Technologies Inc. (NASDAQ: SIGA) was released for Mar, 2023. The net profit margin was 30.70% and return on equity was 20.70% for SIGA. The company reported revenue of $8.32 million for the quarter, compared to $10.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.03 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/16/2023 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 related 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. The company was incorporated in 1995 and is headquartered in New York, New York.
