SIGA Technologies Inc. [SIGA] Is Currently -2.49 below its 200 Period Moving Avg: What Does This Mean?

SIGA Technologies Inc. [NASDAQ: SIGA] loss -2.49% or -0.41 points to close at $16.03 with a heavy trading volume of 4487473 shares. The company report on August 9, 2022 that SIGA Announces BARDA Exercise of Procurement Options Valued at Approximately $26 Million for IV TPOXX®.

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It opened the trading session at $15.47, the shares rose to $16.61 and dropped to $15.46, the range by which the price of stock traded the whole day. The daily chart for SIGA points out that the company has recorded 184.32% gains over the past six months. However, it is still -191.99% lower than its most recent low trading price.

If we look at the average trading volume of 14.25M shares, SIGA reached to a volume of 4487473 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about SIGA Technologies Inc. [SIGA]:

The Average True Range (ATR) for SIGA Technologies Inc. is set at 2.48, with the Price to Sales ratio for SIGA stock in the period of the last 12 months amounting to 8.62. The Price to Book ratio for the last quarter was 8.35, with the Price to Cash per share for the same quarter was set at 1.44.

Trading performance analysis for SIGA stock

SIGA Technologies Inc. [SIGA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.05. With this latest performance, SIGA shares dropped by -6.75% in over the last four-week period, additionally plugging by 184.32% over the last 6 months – not to mention a rise of 166.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIGA stock in for the last two-week period is set at 38.26, with the RSI for the last a single of trading hit 27.58, and the three-weeks RSI is set at 44.21 for SIGA Technologies Inc. [SIGA]. The present Moving Average for the last 50 days of trading for this stock 17.01, while it was recorded at 18.53 for the last single week of trading, and 9.97 for the last 200 days.

SIGA Technologies Inc. [SIGA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and SIGA Technologies Inc. [SIGA] shares currently have an operating margin of +66.65 and a Gross Margin at +87.58. SIGA Technologies Inc.’s Net Margin is presently recorded at +51.96.

Return on Equity for this stock inclined to 45.68, with Return on Assets sitting at 37.97.

SIGA Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.20 and a Current Ratio set at 9.20.

SIGA Technologies Inc. [SIGA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SIGA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SIGA Technologies Inc. go to 1.00%.

An analysis of insider ownership at SIGA Technologies Inc. [SIGA]

There are presently around $440 million, or 44.30% of SIGA stock, in the hands of institutional investors. The top three institutional holders of SIGA stocks are: BLACKROCK INC. with ownership of 3,419,333, which is approximately -4.697% of the company’s market cap and around 0.70% of the total institutional ownership; D. E. SHAW & CO., INC., holding 3,216,528 shares of the stock with an approximate value of $51.56 million in SIGA stocks shares; and VANGUARD GROUP INC, currently with $34.62 million in SIGA stock with ownership of nearly -3.362% of the company’s market capitalization.

Positions in SIGA Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 70 institutional holders increased their position in SIGA Technologies Inc. [NASDAQ:SIGA] by around 8,984,677 shares. Additionally, 62 investors decreased positions by around 2,858,373 shares, while 19 investors held positions by with 15,590,819 shares. The mentioned changes placed institutional holdings at 27,433,869 shares, according to the latest SEC report filing. SIGA stock had 42 new institutional investments in for a total of 4,926,168 shares, while 8 institutional investors sold positions of 265,550 shares during the same period.


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