Free Trial

Siga Technologies (NASDAQ:SIGA) Stock Price Up 13.9% - Here's What Happened

Siga Technologies logo with Medical background

Key Points

  • Siga Technologies Inc. shares increased by 13.9% on Wednesday, trading as high as $7.63 after previously closing at $6.60.
  • The company reported $0.49 earnings per share and $81.12 million in revenue for the last quarter, with a net margin of 40.30%.
  • Institutional investors currently hold 55.40% of Siga Technologies' stock, with significant increases in holdings by firms like Harbor Capital Advisors and Renaissance Technologies.
  • Looking to export and analyze Siga Technologies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) rose 13.9% on Wednesday . The company traded as high as $7.63 and last traded at $7.52. Approximately 178,646 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 447,124 shares. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday.

View Our Latest Stock Report on SIGA

Siga Technologies Price Performance

The stock has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.13. The firm has a market capitalization of $641.59 million, a price-to-earnings ratio of 7.93 and a beta of 0.94.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $81.12 million during the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%. As a group, research analysts expect that Siga Technologies Inc. will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SIGA. DekaBank Deutsche Girozentrale acquired a new position in shares of Siga Technologies during the 2nd quarter worth about $34,000. Russell Investments Group Ltd. boosted its position in shares of Siga Technologies by 6,344.8% during the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company's stock worth $54,000 after acquiring an additional 9,771 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of Siga Technologies during the 1st quarter worth about $58,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Siga Technologies during the 4th quarter worth about $78,000. Finally, Bailard Inc. acquired a new position in shares of Siga Technologies during the 2nd quarter worth about $78,000. 55.40% of the stock is owned by institutional investors and hedge funds.

About Siga Technologies

(Get Free Report)

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.

Featured Articles

Should You Invest $1,000 in Siga Technologies Right Now?

Before you consider Siga Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Siga Technologies wasn't on the list.

While Siga Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines