SIGA Technologies Inc (NASDAQ: SIGA) Is Increase 33.13%, So Here’s What We Can Expect On The Upswing

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During the last session, SIGA Technologies Inc (NASDAQ:SIGA)’s traded shares were 0.34 million, with the beta value of the company hitting 0.90. At the end of the trading day, the stock’s price was $6.87, reflecting an intraday gain of 4.09% or $0.27. The 52-week high for the SIGA share is $12.83, that puts it down -86.75 from that peak though still a striking 42.21% gain since the share price plummeted to a 52-week low of $3.97. The company’s market capitalization is $490.31M, and the average intraday trading volume over the past 10 days was 0.5 million shares, and the average trade volume was 1.41 million shares over the past three months.

SIGA Technologies Inc (NASDAQ:SIGA) trade information

SIGA Technologies Inc (SIGA) registered a 4.09% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.09% in intraday trading to $6.87, hitting a weekly high. The stock’s 5-day price performance is -1.58%, and it has moved by -12.71% in 30 days. Based on these gigs, the overall price performance for the year is 33.13%. The short interest in SIGA Technologies Inc (NASDAQ:SIGA) is 5.05 million shares and it means that shorts have 6.82 day(s) to cover.

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SIGA Technologies Inc (SIGA) estimates and forecasts

Statistics show that SIGA Technologies Inc has underperformed its competitors in share price, compared to the industry in which it operates. SIGA Technologies Inc (SIGA) shares have gone down -22.02% during the last six months, with a year-to-date growth rate less than the industry average at 6.32% against 19.50. In the rating firms’ projections, revenue will increase 14.70% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.78%. While earnings are projected to return 6.32% in 2024, the next five years will return 1.00% per annum.

SIGA Dividends

SIGA Technologies Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

SIGA Technologies Inc (NASDAQ:SIGA)’s Major holders

SIGA Technologies Inc insiders own 43.19% of total outstanding shares while institutional holders control 49.32%, with the float percentage being 86.81%. BLACKROCK INC. is the largest shareholder of the company, while 220.0 institutions own stock in it. As of 2024-06-30, the company held over 3.91 million shares (or 5.505% of all shares), a total value of $29.71 million in shares.

The next largest institutional holding, with 2.64 million shares, is of FIRST WILSHIRE SECURITIES MANAGEMENT INC’s that is approximately 3.7086% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $20.01 million.