A better buy-in window may exist right now for SIGA Technologies Inc. (SIGA)

SIGA Technologies Inc. (NASDAQ: SIGA) stock fell -0.26% on Tuesday to $7.54 against a previous-day closing price of $7.56. With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $7.63 whereas the lowest price it dropped to was $7.49. The 52-week range on SIGA shows that it touched its highest point at $26.99 and its lowest point at $5.49 during that stretch. Beta for the stock currently stands at 0.78.

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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 down-trending over the past week, with a drop of -0.92%, but this was down by -2.58% over a month. Three-month performance dropped to -15.66% while six-month performance fell -51.94%. The stock gained 26.36% in the past year, while it has gained 2.45% so far this year. A look at the trailing 12-month EPS for SIGA yields 1.41 with Next year EPS estimates of 0.95. 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, 73.02 million SIGA shares are outstanding with a float of 40.89 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.86 million, which was 6.65% higher than short shares on Sep 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 43.87% of SIGA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 42.58% of SIGA, in contrast to 27.62% held by mutual funds. Shares owned by individuals account for 16.99%. As the largest shareholder in SIGA with 4.05% of the stake, Esopus Creek Management holds 2,954,692 shares worth 2,954,692. A second-largest stockholder of SIGA, BlackRock Fund Advisors, holds 2,784,566 shares, controlling over 3.81% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in SIGA, holding 2,353,247 shares or 3.22% stake. With a 1.63% stake in SIGA, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,189,862 shares are owned by the mutual fund manager. The Kempen Intl. Funds – Global Small, which owns about 1.46% of SIGA stock, is the second-largest Mutual Fund holder. It holds 1,063,981 shares valued at 7.83 million. iShares Russell 2000 ETF holds 1.44% of the stake in SIGA, owning 1,054,039 shares worth 7.76 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 surge 45.89% to reach the target high and rise by 45.89% to reach the target low. Reaching the average price target will result in a growth of 45.89% 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 03/01/2024. 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. 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 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 182,648 while 54,792 shares were sold.

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