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About Rigel Pharmaceuticals (NASDAQ:RIGL)
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 fostamatinib, an oral spleen tyrosine kinase inhibitor for immune thrombocytopenia purpura; and Phase II clinical study for autoimmune hemolytic anemia and immunoglobulin a nephropathy. Rigel Pharmaceuticals, Inc. has research and license agreements with Aclaris Therapeutics International Limited for the development and commercialization of janus kinase (JAK) inhibitors for the treatment of alopecia areata and other dermatological conditions; BMS for the discovery, development, and commercialization of cancer immunotherapies; AstraZeneca AB for the development and commercialization of R256, an inhaled JAK inhibitor; BerGenBio AS for the development and commercialization of AXL inhibitors in oncology; and Daiichi Sankyo to pursue research related to MDM2 inhibitors, a novel class of drug targets called ligases. The company was incorporated in 1996 and is based in South San Francisco, California.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
SymbolNASDAQ:RIGL
CUSIP76655960
Phone650-624-1100
Debt
Debt-to-Equity RatioN/A
Current Ratio5.14
Quick Ratio5.14
Price-To-Earnings
Trailing P/E Ratio-6.39
Forward P/E Ratio-6.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$4.48 million
Price / Sales144.59
Cash FlowN/A
Price / CashN/A
Book Value$0.49 per share
Price / Book8.08
Profitability
EPS (Most Recent Fiscal Year)($0.62)
Net Income$-77,990,000.00
Net MarginsN/A
Return on Equity-113.73%
Return on Assets-92.96%
Miscellaneous
Employees103
Outstanding Shares163,580,000
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) announced its earnings results on Tuesday, May, 1st. The biotechnology company reported ($0.17) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.17). During the same quarter in the previous year, the business earned ($0.13) EPS. View Rigel Pharmaceuticals' Earnings History.
When is Rigel Pharmaceuticals' next earnings date?
What price target have analysts set for RIGL?
5 Wall Street analysts have issued 1-year price targets for Rigel Pharmaceuticals' stock. Their forecasts range from $7.00 to $10.00. On average, they anticipate Rigel Pharmaceuticals' share price to reach $8.30 in the next year. 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. " (5/9/2018)
- 2. Cantor Fitzgerald analysts commented, "Premature to Write-off IgAN for Now. Given the totality of the data and unmet need in IgAN, we have slightly lowered our probability of success for the program. While the data did not meet the primary endpoint of a statistically significant mean change in proteinuria from baseline, several positive trends were found among a pre-specified population of patients with greater than 1,000mg/g of proteinuria. Treatment with 150mg fostamatinib twice daily at 24-weeks led to a median reduction in proteinuria from baseline of 803mg/ g (n=15), compared with 100mg fostamatinib’s reduction of 720mg/g (n=16) and placebo’s reduction of 177mg/g (n=14). These trends were also observed among patients who entered the study with a baseline proteinuria of 2,000mg/g. During the study safety events were in-line with previous experiences, with two patients experiencing severe adverse events across each cohort and two events reported as drug related (pancreatitis and abnormal liver enzyme). As a reminder, fostamatinib has over 5,000 patient-years of experience generated with the drug. Going forward, Rigel plans to advance the IgAN program through collaborations with a pharmaceutical partner, which we believe could be potentially bundled with an ex-U.S. territory licensing of TAVLISSE for lead indication ITP." (4/3/2018)
Are investors shorting Rigel Pharmaceuticals?
Rigel Pharmaceuticals saw a decrease in short interest in April. As of April 30th, there was short interest totalling 8,717,881 shares, a decrease of 18.3% from the April 13th total of 10,676,111 shares. Based on an average daily volume of 6,527,453 shares, the days-to-cover ratio is currently 1.3 days. Currently, 5.5% of the shares of the company are sold short.
Who are some of Rigel Pharmaceuticals' key competitors?
Some companies that are related to Rigel Pharmaceuticals include Emergent BioSolutions (EBS), Horizon Pharma (HZNP), Global Blood Therapeutics (GBT), The Medicines (MDCO), Arena Pharmaceuticals (ARNA), Heron Therapeutics (HRTX), ACADIA Pharmaceuticals (ACAD), Evotec A.G. (EVTCY), Corcept Therapeutics (CORT), Spectrum Pharmaceuticals (SPPI), OPKO Health (OPK), Intercept Pharmaceuticals (ICPT), AnaptysBio (ANAB), Insmed (INSM) and Puma Biotechnology (PBYI).
Who are Rigel Pharmaceuticals' key executives?
Rigel Pharmaceuticals' management team includes the folowing people:
- Mr. Raul R. Rodriguez, Pres, CEO & Director (Age 57)
- Ms. Dolly A. Vance, Exec. VP of Corp. Affairs, Gen. Counsel & Corp. Sec. (Age 53)
- Dr. Anne-Marie S. Duliege, Exec. VP & Chief Medical Officer (Age 59)
- Mr. Eldon C. Mayer III, M.B.A., Exec. VP & Chief Commercial Officer (Age 57)
- Dr. Thomas A. Raffin, Co-Founder (Age 71)
Has Rigel Pharmaceuticals been receiving favorable news coverage?
Press coverage about RIGL stock has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rigel Pharmaceuticals earned a media sentiment score of 0.11 on Accern's scale. They also gave news headlines about the biotechnology company an impact score of 45.92 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Rigel Pharmaceuticals' major shareholders?
Rigel Pharmaceuticals' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.77%), Palo Alto Investors LP (2.42%), Rock Springs Capital Management LP (1.57%), JPMorgan Chase & Co. (1.24%), Northern Trust Corp (1.09%) and Candriam Luxembourg S.C.A. (0.92%). Company insiders that own Rigel Pharmaceuticals stock include Anne-Marie Duliege, Donald G Payan and Ryan D Maynard. 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 BlackRock Inc., DAFNA Capital Management LLC and Teacher Retirement System of Texas. Company insiders that have sold Rigel Pharmaceuticals company stock in the last year include Anne-Marie Duliege and Ryan D Maynard. View Insider Buying and Selling for Rigel Pharmaceuticals.
Which major investors are buying Rigel Pharmaceuticals stock?
RIGL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Allianz Asset Management GmbH, Candriam Luxembourg S.C.A., UBS Group AG, Rock Springs Capital Management LP, A.R.T. Advisors LLC, DekaBank Deutsche Girozentrale and Lido Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.
What is Rigel Pharmaceuticals' stock price today?
One share of RIGL stock can currently be purchased for approximately $3.96.
How big of a company is Rigel Pharmaceuticals?
Rigel Pharmaceuticals has a market capitalization of $649.41 million and generates $4.48 million in revenue each year. The biotechnology company earns $-77,990,000.00 in net income (profit) each year or ($0.62) on an earnings per share basis. Rigel Pharmaceuticals employs 103 workers across the globe.
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 (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.
Rigel Pharmaceuticals (NASDAQ:RIGL) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Rigel Pharmaceuticals in the last 12 months. Their average twelve-month price target is $8.30, suggesting that the stock has a possible upside of 109.60%. The high price target for RIGL is $10.00 and the low price target for RIGL is $7.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $8.30 | $7.20 | $5.80 | $5.6667 |
| Price Target Upside: | 109.60% upside | 79.10% upside | 44.64% upside | 46.05% upside |
Rigel Pharmaceuticals (NASDAQ:RIGL) Consensus Price Target History
Rigel Pharmaceuticals (NASDAQ:RIGL) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Rigel Pharmaceuticals (NASDAQ:RIGL) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Rigel Pharmaceuticals (NASDAQ RIGL) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.38%
Institutional Ownership Percentage: 84.45%
Rigel Pharmaceuticals (NASDAQ RIGL) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/20/2018 | Anne-Marie Duliege | EVP | Sell | 5,000 | $4.11 | $20,550.00 | |  |
| 11/3/2017 | Ryan D Maynard | CFO | Sell | 100,000 | $3.90 | $390,000.00 | 100,000 | |
| 7/5/2017 | Anne-Marie Duliege | Insider | Sell | 5,000 | $2.69 | $13,450.00 | | |
| 8/30/2016 | Donald G Payan | EVP | Sell | 5,303 | $4.00 | $21,212.00 | | |
| 4/1/2015 | Donald G Payan | EVP | Sell | 10,000 | $3.75 | $37,500.00 | | |
| 12/18/2014 | Dolly Vance | EVP | Sell | 1,000 | $2.22 | $2,220.00 | | |
| 9/3/2014 | Donald G Payan | EVP | Sell | 20,000 | $2.56 | $51,200.00 | | |
| 11/19/2013 | Bvf Partners P/Il | major shareholder | Sell | 484,622 | $2.64 | $1,279,402.08 | | |
| 6/7/2013 | Bvf Partners L P/Il | Major Shareholder | Buy | 32,700 | $3.47 | $113,469.00 | | |
| 9/13/2012 | Dolly Vance | EVP | Sell | 4,151 | $10.43 | $43,294.93 | | |
(Data available from 1/1/2013 forward)
Rigel Pharmaceuticals (NASDAQ RIGL) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Short Interest in Rigel Pharmaceuticals, Inc. (RIGL) Decreases By 18.3%
www.americanbankingnews.com - May 12 at 2:11 AM |
| Rigel Pharmaceuticals, Inc. (RIGL) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 10 at 4:37 PM |
| Rigel Pharmaceuticals (RIGL) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - May 9 at 5:11 PM |
| Rigel Pharmaceuticals, Inc. (RIGL) Expected to Announce Quarterly Sales of $300,000.00
www.americanbankingnews.com - May 9 at 2:00 AM |
| Zacks: Analysts Expect Rigel Pharmaceuticals, Inc. (RIGL) Will Post Earnings of -$0.16 Per Share
www.americanbankingnews.com - May 7 at 9:14 PM |
 | Rigel Pharmaceuticals, Inc. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 4 at 4:28 PM |
| FY2018 EPS Estimates for Rigel Pharmaceuticals, Inc. (RIGL) Reduced by Piper Jaffray
www.americanbankingnews.com - May 4 at 8:15 AM |
| Brokers Set Expectations for Rigel Pharmaceuticals, Inc.'s Q2 2018 Earnings (RIGL)
www.americanbankingnews.com - May 4 at 7:30 AM |
| Rigel Pharmaceuticals (RIGL) Releases Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - May 2 at 2:52 PM |
| Rigel Pharmaceuticals (RIGL) Given Buy Rating at HC Wainwright
www.americanbankingnews.com - May 2 at 11:10 AM |
| Rigel Pharmaceuticals (RIGL) Given New $10.00 Price Target at BMO Capital Markets
www.americanbankingnews.com - May 2 at 10:44 AM |
| Cantor Fitzgerald Reiterates $9.00 Price Target for Rigel Pharmaceuticals (RIGL)
www.americanbankingnews.com - May 2 at 10:25 AM |
| Rigel Pharmaceuticals up 4% on Q1 results
seekingalpha.com - May 2 at 9:22 AM |
| Rigel Pharmaceuticals (RIGL) CEO Raul Rodriguez on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 2 at 9:22 AM |
 | Edited Transcript of RIGL earnings conference call or presentation 1-May-18 9:00pm GMT
finance.yahoo.com - May 2 at 9:22 AM |
| Rigel: 1Q Earnings Snapshot
finance.yahoo.com - May 2 at 9:22 AM |
| Rigel Pharmaceuticals (RIGL) Given New $8.00 Price Target at Piper Jaffray
www.americanbankingnews.com - May 1 at 9:18 PM |
| Rigel Announces First Quarter 2018 Financial Results and Provides Company Update
finance.yahoo.com - May 1 at 4:27 PM |
 | Rigel Pharma (RIGL) Says TAVALISSE Phase 3 Data Published in American Journal of Hematology Describes Pivotal ...
www.streetinsider.com - April 30 at 9:36 AM |
| TAVALISSE™ (fostamatinib disodium hexahydrate) Phase 3 Data Published in the American Journal of Hematology Describes Pivotal Data and Overall Response Rate Versus Placebo
finance.yahoo.com - April 30 at 9:36 AM |
 | The Week Ahead In Biotech: PDUFA Dates, Clinical Trials, Merck And Pfizer Earnings On Tap
www.benzinga.com - April 29 at 9:41 AM |
| Rigel Pharmaceuticals, Inc. (RIGL) Expected to Earn Q2 2018 Earnings of ($0.16) Per Share
www.americanbankingnews.com - April 27 at 7:46 AM |
| Rigel Pharmaceuticals Is In Bargain Territory
seekingalpha.com - April 25 at 4:39 PM |
| Rigel Pharmaceuticals, Inc. (RIGL) EVP Sells $20,550.00 in Stock
www.americanbankingnews.com - April 24 at 10:22 PM |
| Rigel Gets A Surprise Approval For Tavalisse
seekingalpha.com - April 24 at 4:43 PM |
 | Rigel Announces Conference Call and Webcast to Report First Quarter 2018 Financial Results
www.bizjournals.com - April 24 at 9:24 AM |
| Rigel Pharmaceuticals (RIGL) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - April 23 at 7:50 AM |
| Rigel Pharmaceuticals (RIGL) FDA Approval Of TAVALISSE(TM) - Slideshow
seekingalpha.com - April 20 at 4:32 PM |
| Rigel prices stock offering at $3.90; shares up 1% premarket
seekingalpha.com - April 20 at 9:36 AM |
| Jefferies Group Research Analysts Raise Earnings Estimates for Rigel Pharmaceuticals, Inc. (RIGL)
www.americanbankingnews.com - April 20 at 8:52 AM |
| Rigel Pharma (RIGL) Reports FDA Approval of TAVALISSE (fostamatinib disodium hexahydrate) for Chronic Immune Thrombocytopenia
www.streetinsider.com - April 19 at 9:26 AM |
| 2 Bay Area drug approvals in 1 day underscore industry's issues, opportunities
www.bizjournals.com - April 18 at 4:46 PM |
| Rigel Pharmaceuticals (RIGL) PT Raised to $8 at BMO Capital on FDA Approval
www.streetinsider.com - April 18 at 4:46 PM |
| Analysts See 100% Upside To Rigel After Tavalisse Approval
finance.yahoo.com - April 18 at 4:45 PM |
| 2 Bay Area drug approvals in 1 day underscore industry's issues, opportunities
finance.yahoo.com - April 18 at 4:45 PM |
| Rigel Announces Proposed Public Offering Of Common Stock
finance.yahoo.com - April 18 at 4:45 PM |
| BMO Capital Markets Boosts Rigel Pharmaceuticals (RIGL) Price Target to $8.00
www.americanbankingnews.com - April 18 at 11:17 AM |
| Jefferies Group Boosts Rigel Pharmaceuticals (RIGL) Price Target to $7.00
www.americanbankingnews.com - April 18 at 9:46 AM |
 | Rigel : FDA Okays TAVALISSE For Chronic Immune Thrombocytopenia In Adult
www.nasdaq.com - April 18 at 9:26 AM |
| Rigel Announces FDA Approval of TAVALISSE™ (fostamatinib disodium hexahydrate) for Chronic Immune Thrombocytopenia (ITP) in Adult Patients
www.bizjournals.com - April 18 at 9:26 AM |
| Rigel Overcomes Its First FDA Approval Barrier, Is There More To Come?
seekingalpha.com - April 18 at 9:26 AM |
| Rigel Pharmaceuticals (RIGL) Price Target Raised to $8.00
www.americanbankingnews.com - April 18 at 9:00 AM |
| Rigel Pharmaceuticals (RIGL) PT Set at $6.00 by Cantor Fitzgerald
www.americanbankingnews.com - April 18 at 8:37 AM |
| Piper Jaffray Increases Rigel Pharmaceuticals (RIGL) Price Target to $7.00
www.americanbankingnews.com - April 17 at 9:20 PM |
| Trading in Rigel halted ahead of expected FDA OK for Tavalisse for immune thrombocytopenia; shares up 10%
seekingalpha.com - April 17 at 4:55 PM |
| Here's Why Rigel Pharmaceuticals Rose as Much as 10.2% Today
finance.yahoo.com - April 17 at 4:55 PM |
| FDA approves Rigel Pharmaceuticals' drug for rare bleeding disorder
finance.yahoo.com - April 17 at 4:55 PM |
| Here's Why Rigel Pharmaceuticals Rose as Much as 10.2% Today
finance.yahoo.com - April 17 at 4:55 PM |
| Here’s What Happened Last Week In Biotech
finance.yahoo.com - April 17 at 9:47 AM |
| The Week Ahead: Netflix Earnings, Big Bank Results, FDA Actions Abound
finance.yahoo.com - April 16 at 4:27 PM |
Rigel Pharmaceuticals (NASDAQ:RIGL) SEC Filings
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Rigel Pharmaceuticals (NASDAQ:RIGL) Income Statement, Balance Sheet and Cash Flow Statement
Rigel Pharmaceuticals (NASDAQ RIGL) Stock Chart for Wednesday, May, 23, 2018
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