Buying SIGA Technologies Inc. (SIGA) Stock Is A Smart Move Today?

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MNDY Stock
MNDY Stock

SIGA Technologies Inc. (NASDAQ:SIGA) finished Wednesday with a subtraction of -$0.05 to close at $10.86, a downside of -0.46 percent. An average of 2,659,380 shares of common stock have been traded in the last five days. There was a fall of -$2.34 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 3,488,910 shares traded, while the 50-day average volume stands at 11,002,606.

SIGA stock has decreased by -51.26% in the last month. The company shares reached their 1-month lowest point of $10.77 on 09/21/22. With the stock rallying to its 52-week high on 08/15/22, shares of the company touched a low of $5.49 and a high of $26.99 in 52 weeks. It has reached a new high 21 times so far this year and achieved 53.69% or $3.34 in price. In spite of this, the price is down -59.76% from the 52-week high.


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Insider Transactions

287 days have passed since SIGA Technologies Inc. (SIGA) last reported insider trading activity. Antal James, who is Director, most recently acquired $30,000 shares at $7.82 per share on Dec 09.

Valuation Metrics

SIGA Technologies Inc. (SIGA) has a trailing price-to-earnings (P/E) ratio of 11.83. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.79, the price-to-book (PB) ratio at 5.66.

Financial Health

The quick ratio of SIGA Technologies Inc. for the recent quarter was 8.20, and the current ratio was 9.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $117.07 million compared to revenue of $133.67 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SIGA Technologies Inc.’s return on assets was 41.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.04 million in the quarter, while revenues were grew 91.67%. Shareholders own equity worth $73.02 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SIGA Technologies Inc. (SIGA) price momentum. RSI 9-day as of the close on 21 September was 15.22%, suggesting the stock is oversold, with historical volatility in this time frame at 47.09%.

As of today, SIGA’s price is $11.61 -17.73% or -$2.34 from its 5-day moving average. SIGA is currently trading -48.99% lower than its 20-day SMA and +58.54% higher than its 100-day SMA. However, the stock’s current price level is -16.53% below the SMA50 and +41.96% above the SMA200.

The stochastic %K and %D were 2.58% and 3.12%, respectively, and the average true range (ATR) was 0.98. With the 14-day stochastic at 2.14% and the average true range at 1.23, the RSI (14) stands at 25.95%. The stock has reached -1.30 on the 9-day MACD Oscillator while the 14-day reading was at -1.80.

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