Investor’s Toolkit: Key Ratios for Assessing Rigel Pharmaceuticals (RIGL)’s Performance

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

Rigel Pharmaceuticals (NASDAQ: RIGL) closed the day trading at $0.98 down -0.22% from the previous closing price of $0.98. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 0.71 million shares were traded. RIGL stock price reached its highest trading level at $1.01 during the session, while it also had its lowest trading level at $0.9523.

Ratios:

For a better understanding of RIGL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.26.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 05 ’24 when RODRIGUEZ RAUL R sold 30,545 shares for $1.14 per share. The transaction valued at 34,821 led to the insider holds 2,036,629 shares of the business.

Santos David A sold 8,918 shares of RIGL for $10,167 on Feb 05 ’24. The EVP, Chief Commercial Officer now owns 349,093 shares after completing the transaction at $1.14 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 172283776 and an Enterprise Value of 224217920. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43. Its current Enterprise Value per Revenue stands at 1.88 whereas that against EBITDA is -15.409.

Stock Price History:

Over the past 52 weeks, RIGL has reached a high of $1.96, while it has fallen to a 52-week low of $0.71. The 50-Day Moving Average of the stock is -23.22%, while the 200-Day Moving Average is calculated to be -16.40%.

Shares Statistics:

Over the past 3-months, RIGL traded about 1.54M shares per day on average, while over the past 10 days, RIGL traded about 1148930 shares per day. A total of 174.83M shares are outstanding, with a floating share count of 172.07M. Insiders hold about 1.90% of the company’s shares, while institutions hold 61.33% stake in the company. Shares short for RIGL as of 1714435200 were 5669811 with a Short Ratio of 3.69, compared to 1711584000 on 5013843. Therefore, it implies a Short% of Shares Outstanding of 5669811 and a Short% of Float of 3.3000000000000003.

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