SIGA Technologies Inc (NASDAQ:SIGA) Is 47.56% Above Its 52-Week Low, But How Long Can It Continue?

In last trading session, SIGA Technologies Inc (NASDAQ:SIGA) saw 0.73 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $7.57 trading at -$0.06 or -0.79% at ring of the bell on the day assigns it a market valuation of $540.27M. That closing price of SIGA’s stock is at a discount of -69.48% from its 52-week high price of $12.83 and is indicating a premium of 47.56% from its 52-week low price of $3.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 1.36 million if we extend that period to 3-months.

SIGA Technologies Inc (NASDAQ:SIGA) trade information

Upright in the red during last session for losing -0.79%, in the last five days SIGA remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $7.57 price level, adding 5.02% to its value on the day. SIGA Technologies Inc’s shares saw a change of 45.12% in year-to-date performance and have moved 4.99% in past 5-day. SIGA Technologies Inc (NASDAQ:SIGA) showed a performance of 14.70% in past 30-days. Number of shares sold short was 4.93 million shares which calculate 8.11 days to cover the short interests.

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SIGA Technologies Inc (SIGA) estimates and forecasts

Statistics highlight that SIGA Technologies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.47% of value to its shares in past 6 months, showing an annual growth rate of 6.32% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.70% from the last financial year’s standing.

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 6.32% while estimates for its earnings growth in next 5 years are of 1.00%.

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

Insiders are in possession of 43.24% of company’s total shares while institution are holding 50.51 percent of that, with stock having share float percentage of 88.98%. Investors also watch the number of corporate investors in a company very closely, which is 50.51% institutions for SIGA Technologies Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SIGA for having 3.91 million shares of worth $29.71 million. And as of 2024-06-30, it was holding 5.505 of the company’s outstanding shares.

The second largest institutional holder is FIRST WILSHIRE SECURITIES MANAGEMENT INC, which was holding about 2.64 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.7086 of outstanding shares, having a total worth of $20.01 million.