SIGA Technologies Inc. (NASDAQ:SIGA) saw an upside of 1.09% to close Friday at $4.65 after adding $0.05 on the day. The 5-day average trading volume is 828,820 shares of the company’s common stock. It has gained $5.15 in the past week and touched a new high 2 times within the past 5 days. An average of 1,774,080 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 993,356.
SIGA’s 1-month performance is -6.63% or -$0.29 on its low of $4.51 reached on 08/17/23. The company’s shares have touched a 52-week low of $4.51 and high of $22.89, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, SIGA has lost -31.61% or -$2.71 and has reached a new high 6 times. However, the current price is down -79.69% from the 52-week high price.
Valuation Metrics
SIGA stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.34 while the price-to-book (PB) in the most recent quarter is 2.66, with the price to cash flow ratio at 40.87.
SIGA Technologies Inc.’s quick ratio for the recent period was 4.40, with the current ratio over the same period at 7.10. In terms of profitability, the gross margin trailing 12 months is 92.90%. The trailing 12-month EBITDA margin is 39.01%. The firm’s gross profit as reported stood at $100.34 million against revenue of $110.78 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 170.83% to -$2.88 million, while revenue of -$0.92 million was 68.06% off the previous quarter. EBITDA for the quarter stood at more than -$4.5 million. SIGA stock balance sheet for the recent quarter shows that total liabilities totaled 22.44 million, with total debt at $1.79 million. Shareholders hold equity totaling $71.08 million.
Let’s look briefly at SIGA Technologies Inc. (SIGA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 29.37% to suggest the stock is trending oversold, with historical volatility in this time period at 45.60%.
The stock’s 5-day moving average is $4.82, reflecting a -8.10% or -$0.41 change from its current price. SIGA is currently trading -7.37% above its 20-day SMA, -19.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.31% and SMA200 by-49.40%.
Stochastic %K and %D was 6.67% and 5.53% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 34.79%, while the 14-day stochastic is at 10.37% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.38 and -0.59 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for SIGA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SIGA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SIGA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $11.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for SIGA Technologies Inc. (SIGA) stock is $11.00.
