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The price of Rigel Pharmaceuticals (NASDAQ: RIGL) closed at $0.95 in the last session, down -0.54% from day before closing price of $0.96. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 4.59 million shares were traded. RIGL stock price reached its highest trading level at $0.9932 during the session, while it also had its lowest trading level at $0.9489.
Ratios:
We take a closer look at RIGL’s different ratios to gain a better understanding of the stock. 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:
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 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 166635696 and an Enterprise Value of 218569840. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38. Its current Enterprise Value per Revenue stands at 1.833 whereas that against EBITDA is -15.021.
Stock Price History:
Over the past 52 weeks, RIGL has reached a high of $1.77, while it has fallen to a 52-week low of $0.71. The 50-Day Moving Average of the stock is -7.83%, while the 200-Day Moving Average is calculated to be -16.78%.
Shares Statistics:
According to the various share statistics, RIGL traded on average about 1.40M shares per day over the past 3-months and 1445920 shares per day over the past 10 days. A total of 174.83M shares are outstanding, with a floating share count of 171.92M. Insiders hold about 1.99% of the company’s shares, while institutions hold 63.44% stake in the company. Shares short for RIGL as of 1715731200 were 5641507 with a Short Ratio of 3.77, compared to 1713139200 on 5166554. Therefore, it implies a Short% of Shares Outstanding of 5641507 and a Short% of Float of 3.2899998.
