On 5/8/24, SIGA Technologies Inc (NASDAQ: SIGA) stock suffered a major decline of -28.3%, closing at $7.50. Moreover, trading volume in this decline was exceptionally high at 380% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.6% during the last week.
Current PriceTarget Research Rating
SIGA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
SIGA Technologies has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. SIGA Technologies has a slightly positive Appreciation Score of 67 and a very high Power Rating of 93, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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