In last trading session, SIGA Technologies Inc (NASDAQ:SIGA) saw 1.32 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $8.92 trading at $0.15 or 1.71% at ring of the bell on the day assigns it a market valuation of $634.12M. That closing price of SIGA’s stock is at a premium of 0.22% from its 52-week high price of $8.90 and is indicating a premium of 52.69% from its 52-week low price of $4.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.87 million shares which gives us an average trading volume of 546.72K if we extend that period to 3-months.
SIGA Technologies Inc (NASDAQ:SIGA) trade information
Upright in the green during last session for gaining 1.71%, in the last five days SIGA remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $8.92 price level, adding 0.67% to its value on the day. SIGA Technologies Inc’s shares saw a change of 59.29% in year-to-date performance and have moved 29.09% in past 5-day. SIGA Technologies Inc (NASDAQ:SIGA) showed a performance of 71.87% in past 30-days. Number of shares sold short was 5.11 million shares which calculate 15.01 days to cover the short interests.
SIGA Technologies Inc (SIGA) estimates and forecasts
Statistics highlight that SIGA Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 89.79% of value to its shares in past 6 months, showing an annual growth rate of 28.42% while that of industry is 11.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 36.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $190.61 million for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.78% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 24.21% while estimates for its earnings growth in next 5 years are of 1.00%.
SIGA Dividends
SIGA Technologies Inc is more likely to be releasing its next quarterly report between March 01 and March 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
SIGA Technologies Inc (NASDAQ:SIGA)’s Major holders
Insiders are in possession of 9.52% of company’s total shares while institution are holding 49.58 percent of that, with stock having share float percentage of 54.79%. Investors also watch the number of corporate investors in a company very closely, which is 49.58% institutions for SIGA Technologies Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SIGA for having 3.51 million shares of worth $31.34 million. And as of Dec 30, 2023, it was holding 4.34% of the company’s outstanding shares.
The second largest institutional holder is Federated Hermes, Inc., which was holding about 3.22 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 3.98% of outstanding shares, having a total worth of $28.72 million.
On the other hand, Federated Hermes MDT Small Cap Core Fund and Federated Hermes MDT Mid Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 2.61 million shares of worth $23.25 million or 3.22% of the total outstanding shares. The later fund manager was in possession of 1.34 million shares on Oct 30, 2023, making its stake of worth around $11.96 million in the company or a holder of 1.66% of company’s stock.
