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.
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Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Phone650-624-1100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$44.51 million
Profitability
Miscellaneous
Employees158
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable
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 quarterly earnings data on Tuesday, August, 6th. The biotechnology company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. The biotechnology company earned $10.41 million during the quarter, compared to analysts' expectations of $9.25 million. Rigel Pharmaceuticals had a negative return on equity of 60.72% and a negative net margin of 89.34%. During the same quarter in the prior year, the business earned ($0.16) earnings per share. View Rigel Pharmaceuticals' Earnings History.
When is Rigel Pharmaceuticals' next earnings date?
What price target have analysts set for RIGL?
3 equities research analysts have issued 1-year price objectives for Rigel Pharmaceuticals' stock. Their forecasts range from $7.00 to $8.00. On average, they anticipate Rigel Pharmaceuticals' share price to reach $7.33 in the next twelve months. This suggests a possible upside of 347.2% 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. " (8/10/2019)
- 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)
- 3. HC Wainwright analysts commented, "Valuation and impediments to achieving price target. We reiterate our Buy rating though are increasing our price target to $8 from $7.50. The primary drivers to our price target change include: (1) adjustment to base year; and (2) adjustment to fully diluted share count. Our valuation is currently driven wholly by fostamatinib (Tavalisse) with 77% contribution from our U.S. and E.U. projections for cIPT and 23% contribution from our U.S. and E.U. projections for AIHA." (1/23/2019)
Has Rigel Pharmaceuticals been receiving favorable news coverage?
Press coverage about RIGL stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rigel Pharmaceuticals earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave press coverage about the biotechnology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact 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 decrease in short interest during the month of September. As of September 30th, there was short interest totalling 11,630,000 shares, a decrease of 9.2% from the August 30th total of 12,810,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 9.3 days. Approximately 7.1% of the company's shares are short sold. View Rigel Pharmaceuticals' Current Options Chain.
Who are some of Rigel Pharmaceuticals' key competitors?
Some companies that are related to Rigel Pharmaceuticals include Innoviva (INVA), Esperion Therapeutics (ESPR), ArQule (ARQL), Theravance Biopharma (TBPH), Dicerna Pharmaceuticals (DRNA), Gossamer Bio (GOSS), Amphastar Pharmaceuticals (AMPH), TherapeuticsMD (TXMD), Odonate Therapeutics (ODT), AnaptysBio (ANAB), Epizyme (EPZM), Y-mAbs Therapeutics (YMAB), Phibro Animal Health (PAHC), ANI Pharmaceuticals (ANIP) and Spectrum Pharmaceuticals (SPPI).
What other stocks do shareholders of Rigel Pharmaceuticals own?
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 a variety of of retail and institutional investors. Top institutional shareholders include Rhenman & Partners Asset Management AB (1.19%) and Assenagon Asset Management S.A. (0.37%). Company insiders that own Rigel Pharmaceuticals stock include Anne-Marie Duliege, Dean L Schorno, Eldon C Mayer III, Nelson Cabatuan, Raul R Rodriguez and Ryan D Maynard. View Institutional Ownership Trends for Rigel Pharmaceuticals.
Which major investors are selling Rigel Pharmaceuticals stock?
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 $1.64.
How big of a company is Rigel Pharmaceuticals?
Rigel Pharmaceuticals has a market capitalization of $274.88 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?
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)
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.
