We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Siga Technologies Inc. (SIGA) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
Siga Technologies Inc. (SIGA - Free Report) closed at $7.88 in the latest trading session, marking a -1.38% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%.
Coming into today, shares of the company had lost 23.47% in the past month. In that same time, the Medical sector gained 2.67%, while the S&P 500 gained 1.54%.
Market participants will be closely following the financial results of Siga Technologies Inc. in its upcoming release.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.01 per share and revenue of $160.46 million. These totals would mark changes of +6.32% and +14.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Siga Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Siga Technologies Inc. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Siga Technologies Inc. has a Forward P/E ratio of 7.91 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.35.
The Medical - Drugs industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Siga Technologies Inc. (SIGA) Stock Drops Despite Market Gains: Important Facts to Note
Siga Technologies Inc. (SIGA - Free Report) closed at $7.88 in the latest trading session, marking a -1.38% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%.
Coming into today, shares of the company had lost 23.47% in the past month. In that same time, the Medical sector gained 2.67%, while the S&P 500 gained 1.54%.
Market participants will be closely following the financial results of Siga Technologies Inc. in its upcoming release.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.01 per share and revenue of $160.46 million. These totals would mark changes of +6.32% and +14.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Siga Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Siga Technologies Inc. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Siga Technologies Inc. has a Forward P/E ratio of 7.91 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.35.
The Medical - Drugs industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.