Notable negative changes in SIGA Technologies Inc (NASDAQ: SIGA) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for SIGA Technologies Inc (NASDAQ: SIGA): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SIGA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SIGA Technologies has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. SIGA Technologies has a slightly positive Appreciation Score of 64 and a neutral Power Rating of 48, with the Neutral Value Trend Rating the result.
Recent Price Action
On 3/4/24, SIGA Technologies Inc (NASDAQ: SIGA) stock declined by -2.3%, closing at $5.09. However, trading volume in this decline was unusually low at 57% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.3% during the last week.
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