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Rigel Pharmaceuticals Stock Price, Forecast & Analysis (NASDAQ:RIGL)

$2.24
-0.11 (-4.68 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$2.21
Now: $2.24
$2.37
50-Day Range
$1.59
MA: $1.96
$2.34
52-Week Range
$1.56
Now: $2.24
$3.16
Volume1.76 million shs
Average Volume1.57 million shs
Market Capitalization$375.45 million
P/E RatioN/A
Dividend YieldN/A
Beta1.37
Rigel Pharmaceuticals, Inc, a biotechnology company, engages in the discovery and development of small molecule drugs for the treatment of immune and hematologic disorders, cancer, and rare diseases. The company's clinical programs include Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia; and Phase III clinical study for autoimmune hemolytic anemia. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:RIGL
CUSIP76655960
Phone650-624-1100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$44.51 million
Book Value$0.66 per share

Profitability

Net Income$-70,480,000.00

Miscellaneous

Employees158
Market Cap$375.45 million
Next Earnings Date2/27/2020 (Estimated)
OptionableOptionable

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Rigel Pharmaceuticals (NASDAQ:RIGL) Frequently Asked Questions

What is Rigel Pharmaceuticals' stock symbol?

Rigel Pharmaceuticals trades on the NASDAQ under the ticker symbol "RIGL."

How were Rigel Pharmaceuticals' earnings last quarter?

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) posted its earnings results on Tuesday, November, 5th. The biotechnology company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. The biotechnology company had revenue of $20.86 million for the quarter, compared to analyst estimates of $16.27 million. Rigel Pharmaceuticals had a negative net margin of 56.84% and a negative return on equity of 52.74%. During the same period in the previous year, the business posted ($0.14) EPS. View Rigel Pharmaceuticals' Earnings History.

When is Rigel Pharmaceuticals' next earnings date?

Rigel Pharmaceuticals is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Rigel Pharmaceuticals.

What price target have analysts set for RIGL?

3 brokers have issued 1-year price targets for Rigel Pharmaceuticals' stock. Their forecasts range from $5.00 to $8.00. On average, they expect Rigel Pharmaceuticals' share price to reach $6.67 in the next year. This suggests a possible upside of 197.6% from the stock's current price. View Analyst Price Targets for Rigel Pharmaceuticals.

What is the consensus analysts' recommendation for Rigel Pharmaceuticals?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rigel Pharmaceuticals in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Rigel Pharmaceuticals.

What are Wall Street analysts saying about Rigel Pharmaceuticals stock?

Here are some recent quotes from research analysts about Rigel Pharmaceuticals stock:
  • 1. According to Zacks Investment Research, "Rigel Pharmaceuticals, Inc. is a clinical-stage drug development company that discovers and develops novel, small-molecule drugs for the treatment of inflammatory diseases, cancer and viral diseases. Its goal is to file one new investigative new drug application in a significant indication each year. The Company's pioneering research focuses on intracellular signaling pathways and related targets that are critical to disease mechanisms. Rigel's productivity has resulted in strategic collaborations with large pharmaceutical partners to develop and market our product candidates. We have product development programs in inflammatory/autoimmune diseases such as rheumatoid arthritis, thrombocytopenia, and asthma and allergy, as well as in cancer. " (11/9/2019)
  • 2. Cantor Fitzgerald analysts commented, ": We reiterate our OW rating and $7 PT on Rigel following results from the period ended 3/31/2019. During the quarter, Rigel reported sales of $8.1 million for TAVALISSE for the treatment of immune thrombocytopenia (ITP), which was a slight beat vs. our $7.7 million estimate. Our near-term focus for Rigel will remain on quarterly U.S. sales for TAVALISSE. Additionally, we await an EU approval decision by year-end 2019, which could expand the revenue opportunity for Rigel and provide upfront capital of nearly $40 million from Grifols (GRFS – NC)." (5/7/2019)

Has Rigel Pharmaceuticals been receiving favorable news coverage?

Media headlines about RIGL stock have trended positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Rigel Pharmaceuticals earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the biotechnology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Rigel Pharmaceuticals.

Are investors shorting Rigel Pharmaceuticals?

Rigel Pharmaceuticals saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 9,850,000 shares, a drop of 10.5% from the September 30th total of 11,010,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is currently 6.6 days. Approximately 6.0% of the company's shares are sold short. View Rigel Pharmaceuticals' Current Options Chain.

Who are some of Rigel Pharmaceuticals' key competitors?

What other stocks do shareholders of Rigel Pharmaceuticals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rigel Pharmaceuticals investors own include Rite Aid (RAD), Terra Tech (TRTC), Synergy Pharmaceuticals (SGYP), Geron (GERN), Inovio Pharmaceuticals (INO), Novavax (NVAX), Verastem (VSTM), Athersys (ATHX), Catalyst Pharmaceuticals (CPRX) and Ocular Therapeutix (OCUL).

Who are Rigel Pharmaceuticals' key executives?

Rigel Pharmaceuticals' management team includes the folowing people:
  • Mr. Raul R. Rodriguez, Pres, CEO & Director (Age 58)
  • Ms. Dolly A. Vance, Exec. VP of Corp. Affairs, Gen. Counsel & Corp. Sec. (Age 54)
  • Dr. Anne-Marie S. Duliege, Exec. VP & Chief Medical Officer (Age 60)
  • Mr. Eldon C. Mayer III, M.B.A., Exec. VP & Chief Commercial Officer (Age 58)
  • Dr. Thomas A. Raffin, Co-Founder (Age 72)

Who are Rigel Pharmaceuticals' major shareholders?

Rigel Pharmaceuticals' stock is owned by many different of institutional and retail investors. Top institutional investors include Rhenman & Partners Asset Management AB (1.19%), Assenagon Asset Management S.A. (0.37%), California Public Employees Retirement System (0.31%), Alps Advisors Inc. (0.20%), Russell Investments Group Ltd. (0.06%) and Meeder Asset Management Inc. (0.02%). Company insiders that own Rigel Pharmaceuticals stock include Anne-Marie Duliege, Dean L Schorno, Eldon C Mayer III, Nelson Cabatuan and Raul R Rodriguez. View Institutional Ownership Trends for Rigel Pharmaceuticals.

Which major investors are selling Rigel Pharmaceuticals stock?

RIGL stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Rhenman & Partners Asset Management AB, Russell Investments Group Ltd. and Alps Advisors Inc.. View Insider Buying and Selling for Rigel Pharmaceuticals.

Which major investors are buying Rigel Pharmaceuticals stock?

RIGL stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Meeder Asset Management Inc., SG Americas Securities LLC and Brighton Jones LLC. Company insiders that have bought Rigel Pharmaceuticals stock in the last two years include Dean L Schorno, Eldon C Mayer III and Raul R Rodriguez. View Insider Buying and Selling for Rigel Pharmaceuticals.

How do I buy shares of Rigel Pharmaceuticals?

Shares of RIGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Rigel Pharmaceuticals' stock price today?

One share of RIGL stock can currently be purchased for approximately $2.24.

How big of a company is Rigel Pharmaceuticals?

Rigel Pharmaceuticals has a market capitalization of $375.45 million and generates $44.51 million in revenue each year. The biotechnology company earns $-70,480,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis. Rigel Pharmaceuticals employs 158 workers across the globe.View Additional Information About Rigel Pharmaceuticals.

What is Rigel Pharmaceuticals' official website?

The official website for Rigel Pharmaceuticals is http://www.rigel.com/.

How can I contact Rigel Pharmaceuticals?

Rigel Pharmaceuticals' mailing address is 1180 VETERANS BOULEVARD, SOUTH SAN FRANCISCO CA, 94080. The biotechnology company can be reached via phone at 650-624-1100 or via email at [email protected]


MarketBeat Community Rating for Rigel Pharmaceuticals (NASDAQ RIGL)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  282 (Vote Underperform)
Total Votes:  652
MarketBeat's community ratings are surveys of what our community members think about Rigel Pharmaceuticals and other stocks. Vote "Outperform" if you believe RIGL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIGL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2019 by MarketBeat.com Staff

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