Siga Technologies Inc. (SIGA) Stock Sinks As Market Gains: What You Should Know
Siga Technologies Inc. (SIGA) closed the most recent trading day at $11.75, moving -0.59% from the previous trading session. This change lagged the S&P 500's 0.69% gain on the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Prior to today's trading, shares of the company had lost 49.18% over the past month. This has lagged the Medical sector's loss of 5.7% and the S&P 500's loss of 9.94% in that time.
Wall Street will be looking for positivity from Siga Technologies Inc. as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.66 per share and revenue of $125.03 million. These totals would mark changes of -27.47% and -6.49%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Siga Technologies Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Siga Technologies Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Siga Technologies Inc. has a Forward P/E ratio of 17.91 right now. This represents a premium compared to its industry's average Forward P/E of 15.01.
The Medical - Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SIGA in the coming trading sessions, be sure to utilize Zacks.com.
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