SIGA Technologies Inc. (SIGA) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

SIGA Technologies Inc. (NASDAQ: SIGA) stock fell -4.76% on Friday to $22.19 against a previous-day closing price of $23.30. With 13.49 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.14 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $24.38 whereas the lowest price it dropped to was $21.24. The 52-week range on SIGA shows that it touched its highest point at $23.87 and its lowest point at $5.49 during that stretch. Beta for the stock currently stands at 0.62.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIGA was up-trending over the past week, with a rise of 28.56%, but this was up by 74.86% over a month. Three-month performance surged to 215.28% while six-month performance rose 273.06%. The stock gained 276.63% in the past year, while it has gained 214.02% so far this year. A look at the trailing 12-month EPS for SIGA yields 0.89 with Next year EPS estimates of 0.66. EPS is expected to grow by 1.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.00%.

Float and Shares Shorts:

At present, 72.68 million SIGA shares are outstanding with a float of 40.27 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.55 million, which was 4.91% higher than short shares on Jun 14, 2022. In addition to Dr. Phillip Louis Gomez III, M.D., Ph.D. as the firm’s CEO & Director, Mr. Daniel J. Luckshire serves as its Exec. VP, CFO & Sec.

Institutional Ownership:

Through their ownership of 42.39% of SIGA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 42.94% of SIGA, in contrast to 24.64% held by mutual funds. Shares owned by individuals account for 14.04%. As the largest shareholder in SIGA with 5.02% of the stake, D. E. Shaw & Co. LP holds 3,634,392 shares worth 3,634,392. A second-largest stockholder of SIGA, BlackRock Fund Advisors, holds 3,023,660 shares, controlling over 4.18% of the firm’s shares. Esopus Creek Management is the third largest shareholder in SIGA, holding 2,954,692 shares or 4.08% stake. With a 1.67% stake in SIGA, the Kempen Intl. Funds – Global Small is the largest stakeholder. A total of 1,205,323 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.59% of SIGA stock, is the second-largest Mutual Fund holder. It holds 1,149,664 shares valued at 13.31 million. iShares Russell 2000 ETF holds 1.48% of the stake in SIGA, owning 1,074,019 shares worth 12.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIGA since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SIGA analysts setting a high price target of $11.00 and a low target of $11.00, the average target price over the next 12 months is $11.00. Based on these targets, SIGA could drop -50.43% to reach the target high and fall by -50.43% to reach the target low. Reaching the average price target will result in a decline of -50.43% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SIGA will report FY 2022 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of $0.66 being high and $0.66 being low. For SIGA, this leads to a yearly average estimate of $0.66. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SIGA Technologies Inc. reported $0.03 EPS. Based on analyst estimates, the high estimate for the next quarter is $0.28 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.28.

Summary of Insider Activity:

Insiders traded SIGA stock several times over the past three months with 8 Buys and 8 Sells. In these transactions, 182,648 shares were bought while 54,792 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 182,648 while 84,792 shares were sold.

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