SIGA Technologies (NASDAQ:SIGA) Stock Price Up 10.5% – What’s Next?

SIGA Technologies, Inc. (NASDAQ:SIGA)’s share price was up 10.5% during mid-day trading on Monday . The company traded as high as $7.21 and last traded at $7.16. Approximately 555,769 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 877,156 shares. The stock had previously closed at $6.48.

SIGA Technologies Stock Performance

The company’s 50-day moving average is $7.03 and its 200-day moving average is $7.86. The firm has a market cap of $521.93 million, a price-to-earnings ratio of 5.88 and a beta of 0.89.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The business had revenue of $10.01 million for the quarter. On average, analysts predict that SIGA Technologies, Inc. will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in SIGA Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock valued at $19,548,000 after buying an additional 41,515 shares during the period. AltraVue Capital LLC raised its position in shares of SIGA Technologies by 6.6% in the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock valued at $16,528,000 after acquiring an additional 134,450 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in SIGA Technologies by 152.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after acquiring an additional 1,237,620 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SIGA Technologies by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,821,788 shares of the company’s stock valued at $13,826,000 after purchasing an additional 133,883 shares during the period. Finally, Geode Capital Management LLC increased its stake in SIGA Technologies by 6.3% in the third quarter. Geode Capital Management LLC now owns 1,112,743 shares of the company’s stock valued at $7,512,000 after purchasing an additional 66,344 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

SIGA Technologies Company Profile

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.