In the latest trading session, Siga Technologies Inc. (SIGA) closed at $6.56, marking a +1.86% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.94%, and the technology-dominated Nasdaq saw an increase of 0.97%.
The company's shares have seen an increase of 5.75% over the last month, surpassing the Medical sector's gain of 3.12% and the S&P 500's gain of 5.12%.
Analysts and investors alike will be keeping a close eye on the performance of Siga Technologies Inc. in its upcoming earnings disclosure.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.13 per share and a revenue of $184.36 million, signifying shifts of -84.15% and +32.97%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Siga Technologies Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Siga Technologies Inc. holds a Zacks Rank of #3 (Hold).
Investors should also note Siga Technologies Inc.'s current valuation metrics, including its Forward P/E ratio of 49.54. This expresses a premium compared to the average Forward P/E of 16.83 of its industry.
The Medical - Drugs industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 35% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Siga Technologies Inc. (SIGA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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