Rigel Pharmaceuticals Inc. (NASDAQ:RIGL) saw an upside of 1.44% to close Tuesday at $3.52 after adding $0.05 on the day. The 5-day average trading volume is 902,680 shares of the company’s common stock. It has gained $3.56 in the past week. An average of 1,193,545 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,541,558.
RIGL’s 1-month performance is -8.33% or -$0.35 on its low of $3.39 reached on 10/11/21. The company’s shares have touched a 52-week low of $2.36 and high of $5.50, with the stock’s rally to the 52-week high happening on 02/18/21. YTD, RIGL has achieved 0.57% or $0.02. However, the current price is down -36.00%% from the 52-week high price.
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Rigel Pharmaceuticals Inc. (RIGL) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.RIGL stock has a beta of 1.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.27 while the price-to-book (PB) in the most recent quarter is 8.80.
Rigel Pharmaceuticals Inc.’s quick ratio for the period ended June 29 was 3.00, with the current ratio over the same period at 3.10 meaning that RIGL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.29, while the total debt to equity was 0.29. In terms of profitability, the gross margin trailing 12 months is 99.40%. The trailing 12-month EBITDA margin is -26.02% while for the period ending June 29; Rigel Pharmaceuticals Inc.’s operating margin was -2.70%. The firm’s gross profit as reported stood at $107.73 million against revenue of $108.62 million.
For the quarterly period ending June 29 this year, Rigel Pharmaceuticals Inc.’s cash and short-term investments amounted to $68.56 million against total debt of $93.94 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 39.02% to $26.27 million, while revenue of $81.02 million was -208.41% off the previous quarter. Analysts expected RIGL to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.08, representing a 27.30% surprise. EBITDA for the quarter stood at more than -$12.78 million. RIGL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 133.49 million, with total debt at $93.94 million. Shareholders hold equity totaling $170.85 million
Let’s look briefly at Rigel Pharmaceuticals Inc. (RIGL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 41.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.90%.
The stock’s 5-day moving average is $3.48, reflecting a -0.28% or -$0.01 change from its current price. RIGL is currently trading -6.38% above its 20-day SMA, -4.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -12.44% and -4.61% respectively.
Stochastic %K and %D was 15.61% and 14.44% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 41.50%, while the 14-day stochastic is at 25.24% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.12 on the 14-day charts.
In the most recent analyst report for Rigel Pharmaceuticals Inc. (NASDAQ: RIGL), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for RIGL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RIGL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is RIGL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $11.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Rigel Pharmaceuticals Inc. (RIGL) stock is $8.33.