NASDAQ:RIGL

Rigel Pharmaceuticals - RIGL Stock Forecast, Price & News

$1.14

-0.05 (-4.20%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $1.12
▼
$1.22
50-Day Range: $1.10
▼
$1.72
52-Week Range: $0.64
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$3.60

Volume: 1.44 million shs
Average Volume: 4.46 million shs
Market Capitalization: $197.04 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.96

Rigel Pharmaceuticals MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 247.2% Upside
$3.96 Price Target
Short Interest: Bearish
6.34% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.52) to ($0.33) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Medical Sector

825th out of 1,072 stocks

Pharmaceutical Preparations Industry

403rd out of 534 stocks

3.1

Analyst's Opinion

Consensus Rating
Rigel Pharmaceuticals has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.96, Rigel Pharmaceuticals has a forecasted upside of 247.2% from its current price of $1.14.
Amount of Analyst Coverage
Rigel Pharmaceuticals has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.34% of the outstanding shares of Rigel Pharmaceuticals have been sold short.
Short Interest Ratio / Days to Cover
Rigel Pharmaceuticals has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Rigel Pharmaceuticals has recently increased by 16.24%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Rigel Pharmaceuticals does not currently pay a dividend.
Dividend Growth
Rigel Pharmaceuticals does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RIGL.

2.6

News and Social Media Coverage

News Sentiment
Rigel Pharmaceuticals has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Rigel Pharmaceuticals this week, compared to 1 article on an average week.
Search Interest
12 people have searched for RIGL on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Rigel Pharmaceuticals to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rigel Pharmaceuticals insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.43% of the stock of Rigel Pharmaceuticals is held by insiders.
Percentage Held by Institutions
80.94% of the stock of Rigel Pharmaceuticals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rigel Pharmaceuticals are expected to grow in the coming year, from ($0.52) to ($0.33) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rigel Pharmaceuticals is -2.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rigel Pharmaceuticals is -2.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Rigel Pharmaceuticals has a P/B Ratio of 6.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rigel Pharmaceuticals (NASDAQ:RIGL) Stock

Rigel Pharmaceuticals, Inc., a biotechnology company, discovers and develops small molecule drugs to treat hematologic disorders, cancer, and rare immune diseases. The company offers Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia. It also develops Fostamatinib that is in phase III clinical trial for the treatment of warm autoimmune hemolytic anemia; phase III clinical trial for the treatment of hospitalized COVID-19 patients; and phase III clinical trial for the treatment of COVID-19. In addition, the company is developing R289, an oral interleukin receptor associated kinase 1/4 inhibitor, which is in phase I clinical trial for autoimmune, inflammatory, and hematology-oncology diseases; and R552, a receptor-interacting serine/threonine-protein kinase 1 inhibitor that has completed phase I clinical trial for autoimmune and inflammatory diseases. It has research and license agreements with 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 develop murine double minute 2 inhibitors for solid and hematological malignancies, as well as license and supply agreement with Kissei Pharmaceutical Co., Ltd. to develop and commercialize Fostamatinib. The company also has a license agreement and strategic collaboration with Eli Lilly and Company to co-develop and commercialize R552 for various indications, including autoimmune and inflammatory diseases, as well as other non-central nervous system (non-CNS) disease development candidates. Rigel Pharmaceuticals, Inc. was incorporated in 1996 and is headquartered in South San Francisco, California.

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RIGL Stock News Headlines

October 2, 2022 | americanbankingnews.com

Rigel Pharmaceuticals (NASDAQ:RIGL) Cut to Hold at StockNews.com

September 21, 2022 | finance.yahoo.com

Calculating The Fair Value Of Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL)

September 5, 2022 | finance.yahoo.com

Rigel Pharmaceuticals, Inc. (RIGL)

August 17, 2022 | markets.businessinsider.com

Piper Sandler Maintains Neutral Rating for Rigel Pharmaceuticals: Here's What You Need To Know

August 3, 2022 | rttnews.com

ATRC Sees 18-21% Revenue Growth, EVH Q2 Results Beat Estimates, EXAS Trims Outlook, HRMY On Watch...

August 3, 2022 | seekingalpha.com

Rigel Pharmaceuticals, Inc. 2022 Q2 - Results - Earnings Call Presentation

August 2, 2022 | markets.businessinsider.com

Rigel Pharmaceuticals Inc. Q2 Loss beats estimates

August 2, 2022 | finance.yahoo.com

Rigel Reports Second Quarter 2022 Financial Results and Provides Business Update

August 1, 2022 | benzinga.com

Earnings Outlook For Rigel Pharmaceuticals

July 9, 2022 | finance.yahoo.com

Increasing losses over year doesn't faze investors as stock surges 10% this past week

June 24, 2022 | nasdaq.com

Rigel Pharmaceuticals Still Has Reasons To Cheer

June 22, 2022 | benzinga.com

Thinking about buying stock in Energy Focus, Ford Motor, Clovis Oncology, Li Auto, or Rigel Pharmaceuticals?

June 16, 2022 | finance.yahoo.com

The President of Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), Raul Rodriguez, Just Bought 521% More Shares

June 15, 2022 | finance.yahoo.com

Biotech Stock Roundup: BLUE Up on Regulatory Updates, RIGL's Pipeline News & More

June 9, 2022 | markets.businessinsider.com

Expert Ratings for Rigel Pharmaceuticals

June 9, 2022 | finance.yahoo.com

Rigel (RIGL) wAIHA Study Fails to Meet Goals, Stock Tanks

June 9, 2022 | marketwatch.com

Rigel Pharmaceuticals stock price target cut to $1.25 from $4.00 at B. Riley

June 8, 2022 | markets.businessinsider.com

Mid-Day Market Update: Crude Oil Rises 1%; Rigel Pharmaceuticals Shares Slide

June 8, 2022 | finance.yahoo.com

Trial failure trips up Peninsula drug company's plans, halves stock

June 8, 2022 | nasdaq.com

Why Rigel Pharma Stock Falling In Pre-market?

May 4, 2022 | seekingalpha.com

Rigel Pharmaceuticals, Inc.'s (RIGL) CEO Raul Rodriguez on Q1 2022 Results - Earnings Call Transcript

May 3, 2022 | nasdaq.com

Rigel Pharmaceuticals Inc. Q1 Earnings Summary

May 3, 2022 | finance.yahoo.com

Rigel Pharmaceuticals (RIGL) Reports Q1 Loss, Misses Revenue Estimates

May 2, 2022 | seekingalpha.com

Rigel Pharmaceuticals Q1 2022 Earnings Preview

May 2, 2022 | benzinga.com

Preview: Rigel Pharmaceuticals's Earnings

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30 days | 90 days | 365 days | Advanced Chart

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RIGL Company Calendar

Last Earnings: 8/02/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: Biotechnology
Sector: Medical
Current Symbol: NASDAQ:RIGL
CUSIP: 76655960
CIK: 1034842
Web: www.rigel.com
Phone: (650) 624-1100
Fax: 650-624-1101
Employees: 165
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $3.96
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $1.00
Forecasted Upside/Downside: +247.2%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.49)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-17,910,000.00
Net Margins: -95.51%
Pretax Margin: -95.73%
Return on Equity: -406.57%
Return on Assets: -53.59%

Debt

Debt-to-Equity Ratio: 4.39
Current Ratio: 2.19
Quick Ratio: 2.08

Sales & Book Value

Annual Sales: $149.24 million
Price / Sales: 1.32
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.18 per share
Price / Book: 6.33

Miscellaneous

Outstanding Shares: 172,840,000
Free Float: 161,723,000
Market Cap: $197.04 million
Optionable: Optionable
Beta: 1.55

Social Links

Key Executives

Mr. Raul R. Rodriguez (Age 61)
Pres, CEO & Director
Comp: $979.34k

Mr. Dean L. Schorno CPA (Age 59)
Exec. VP & CFO
Comp: $623.46k

Ms. Dolly A. Vance (Age 57)
Exec. VP of Corp. Affairs, Gen. Counsel & Corp. Sec.
Comp: $810.06k

Dr. Wolfgang Dummer M.D. (Age 56)
Ph.D., Exec. VP & Chief Medical Officer
Comp: $644.05k

Mr. David A. Santos (Age 59)
Exec. VP & Chief Commercial Officer
Comp: $600.64k

Mr. Joseph Lasaga (Age 47)
Exec. VP of Corp. Devel.

Ms. Julie Patel
Sr. VP of HR

Dr. Esteban S. Masuda (Age 60)
Exec. VP of Research

Mr. Tarek Sallam
VP of Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RIGL Stock - Frequently Asked Questions

Should I buy or sell Rigel Pharmaceuticals stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rigel Pharmaceuticals in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RIGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIGL, but not buy additional shares or sell existing shares.
View RIGL analyst ratings or view top-rated stocks.
What is Rigel Pharmaceuticals' stock price forecast for 2022?: 7 analysts have issued twelve-month price targets for Rigel Pharmaceuticals' stock. Their RIGL share price forecasts range from $1.00 to $15.00. On average, they expect the company's share price to reach $3.96 in the next twelve months. This suggests a possible upside of 247.2% from the stock's current price.
View analysts price targets for RIGL or view top-rated stocks among Wall Street analysts.
How have RIGL shares performed in 2022?: Rigel Pharmaceuticals' stock was trading at $2.65 at the start of the year. Since then, RIGL shares have decreased by 57.0% and is now trading at $1.14.
View the best growth stocks for 2022 here.
When is Rigel Pharmaceuticals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RIGL earnings forecast.
How were Rigel Pharmaceuticals' earnings last quarter?: Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) released its quarterly earnings data on Tuesday, August, 2nd. The biotechnology company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. The biotechnology company had revenue of $29.82 million for the quarter, compared to analyst estimates of $23.56 million. Rigel Pharmaceuticals had a negative net margin of 95.51% and a negative trailing twelve-month return on equity of 406.57%.
What is Raul Rodriguez's approval rating as Rigel Pharmaceuticals' CEO?: 6 employees have rated Rigel Pharmaceuticals Chief Executive Officer Raul Rodriguez on Glassdoor.com. Raul Rodriguez has an approval rating of 84% among the company's employees.

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 ADMA Biologics (ADMA), Matinas BioPharma (MTNB), Zosano Pharma (ZSAN), Sorrento Therapeutics (SRNE), Aeterna Zentaris (AEZS), KushCo (KSHB), Novan (NOVN), Bionano Genomics (BNGO), OrganiGram (OGI) and Pennsylvania Real Estate Investment Trust (PEI).
What is Rigel Pharmaceuticals' stock symbol?: Rigel Pharmaceuticals trades on the NASDAQ under the ticker symbol "RIGL."
How do I buy shares of Rigel Pharmaceuticals?: Shares of RIGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Rigel Pharmaceuticals' stock price today?: One share of RIGL stock can currently be purchased for approximately $1.14.
How much money does Rigel Pharmaceuticals make?: Rigel Pharmaceuticals (NASDAQ:RIGL) has a market capitalization of $197.04 million and generates $149.24 million in revenue each year. The biotechnology company earns $-17,910,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis.
How many employees does Rigel Pharmaceuticals have?: The company employs 165 workers across the globe.
How can I contact Rigel Pharmaceuticals?: Rigel Pharmaceuticals' mailing address is 1180 VETERANS BOULEVARD, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.rigel.com. The biotechnology company can be reached via phone at (650) 624-1100, via email at ir@rigel.com, or via fax at 650-624-1101.

This page (NASDAQ:RIGL) was last updated on 10/6/2022 by MarketBeat.com Staff

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Rigel Pharmaceuticals - RIGL Stock Forecast, Price & News

Rigel Pharmaceuticals MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows