Why SIGA Technologies Inc (NASDAQ: SIGA) At $6.00 Is Worth Your Money?

SIGA Technologies Inc (NASDAQ:SIGA) does about 535.04K shares in volume on a normal day but saw 159035 shares change hands in the recent trading day. The company now has a market cap of 432.76M USD. Its current market price is $6.00, marking an increase of 1.01% compared to the previous close of $5.94. The 52 week high reached by this stock is $12.83 whilst the lowest price level in 52 weeks is $3.97.

SIGA Technologies Inc (SIGA) has a 20-day trading average at $6.49 and the current price is -53.23% off the 52-week high compared with 51.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.72 and its 200-day simple moving average is $7.89. If we look at the stock’s price movements over the week, volatility stands at 6.93%, which decreases to 6.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.90 to suggest the stock is neutral.

The consensus objective for the share price is $11.00, suggesting that the stock has a potential upside of 45.45% over the period.

The current price level is -7.51%, -10.65%, and -23.73% away from its SMA20, SMA50, and SMA200 respectively, with the SIGA price moving above the 50-day SMA on current market day. SIGA Technologies Inc (SIGA) stock is down -1.31% over the week and -7.25% over the past month. Its price is 15.21% year-to-date and 13.19% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 1.04 for whole year.

To reach the target analysts have set, the stock logically needs to grow 45.45 percent from here.

Outstanding shares total 71.37M with insiders holding 43.24% of the shares and institutional holders owning 53.01% of the company’s common stock. The company has a return on investment of 50.29% and return on equity of 58.39%. The price to earnings ratio (P/E ratio) amounts to 4.98 while the forward price to earnings ratio is 4.76. The beta has a value of 0.93. Price to book ratio is 2.53 and price to sales ratio is 2.49.