Rigel Pharmaceuticals (NASDAQ: RIGL) closed the day trading at $1.34 down -1.47% from the previous closing price of $1.36. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 635771 shares were traded.
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Ratios:
For a better understanding of RIGL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 1.86.
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 236.76M and an Enterprise Value of 240.41M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is -14.16.
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 1.3264, while the 200-Day Moving Average is calculated to be 1.2153.
Shares Statistics:
Over the past 3-months, RIGL traded about 1.11M shares per day on average, while over the past 10 days, RIGL traded about 1.79M shares per day. A total of 174.83M shares are outstanding, with a floating share count of 171.92M. Insiders hold about 1.97% of the company’s shares, while institutions hold 61.12% stake in the company. Shares short for RIGL as of Feb 29, 2024 were 3.74M with a Short Ratio of 3.37, compared to 3.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.13% and a Short% of Float of 2.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.04, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.02, with high estimates of $0 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.04 and -$0.13 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.08, with 5 analysts recommending between $0.18 and -$0.02.
Revenue Estimates
4 analysts predict $31.39M in revenue for the current quarter. It ranges from a high estimate of $32.9M to a low estimate of $30.17M. As of the current estimate, Rigel Pharmaceuticals’s year-ago sales were $26.07M, an estimated increase of 20.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $33.48M, an increase of 24.50% over than the figure of $20.40% in the same quarter last year. There is a high estimate of $34.2M for the next quarter, whereas the lowest estimate is $32.31M.
A total of 4 analysts have provided revenue estimates for RIGL’s current fiscal year. The highest revenue estimate was $160.2M, while the lowest revenue estimate was $136.4M, resulting in an average revenue estimate of $147.51M. In the same quarter a year ago, actual revenue was $116.88M, up 26.20% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $190.82M in the next fiscal year. The high estimate is $217.4M and the low estimate is $160M. The average revenue growth estimate for next year is up 29.40% from the average revenue estimate for this year.
