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The price of Rigel Pharmaceuticals (NASDAQ: RIGL) closed at $27.22 in the last session, up 9.10% from day before closing price of $24.95. In other words, the price has increased by $9.10 from its previous closing price. On the day, 0.68 million shares were traded. RIGL stock price reached its highest trading level at $29.82 during the session, while it also had its lowest trading level at $24.7675.
Ratios:
We take a closer look at RIGL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.96.
Piper Sandler Downgraded its Overweight to Neutral on June 08, 2022, whereas the target price for the stock was revised from $7 to $1.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 05 ’24 when Santos David A sold 8,918 shares for $1.14 per share. The transaction valued at 10,167 led to the insider holds 349,093 shares of the business.
Santos David A sold 5,601 shares of RIGL for $6,329 on Feb 02 ’24. The EVP, Chief Commercial Officer now owns 358,011 shares after completing the transaction at $1.13 per share. On Feb 05 ’24, another insider, Schorno Dean L, who serves as the EVP & Chief Financial Officer of the company, sold 7,027 shares for $1.14 each. As a result, the insider received 8,011 and left with 402,891 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIGL now has a Market Capitalization of 479480288 and an Enterprise Value of 518576384. As of this moment, Rigel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 125.67, and their Forward P/E ratio for the next fiscal year is 31.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04. Its current Enterprise Value per Revenue stands at 3.295 whereas that against EBITDA is 45.811.
Stock Price History:
Over the past 52 weeks, RIGL has reached a high of $25.72, while it has fallen to a 52-week low of $7.48. The 50-Day Moving Average of the stock is 78.06%, while the 200-Day Moving Average is calculated to be 120.20%.
Shares Statistics:
According to the various share statistics, RIGL traded on average about 170.26K shares per day over the past 3-months and 359570 shares per day over the past 10 days. A total of 17.48M shares are outstanding, with a floating share count of 17.27M. Insiders hold about 1.98% of the company’s shares, while institutions hold 67.22% stake in the company. Shares short for RIGL as of 1728950400 were 717989 with a Short Ratio of 3.88, compared to 1726185600 on 500474. Therefore, it implies a Short% of Shares Outstanding of 717989 and a Short% of Float of 4.17.
