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Wednesday, September 27, 2023

Rigel Pharmaceuticals Inc. (RIGL) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Rigel Pharmaceuticals Inc. (RIGL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.88%, to $1.15. The Rigel Pharmaceuticals Inc. has recorded 41,299 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Rigel to Participate in Upcoming September Investor Conferences.

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Stocks Info

Rigel Pharmaceuticals Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $1.14 and fluctuated between $1.1650 as its day high and $1.1200 as its day low. The current market capitalization of Rigel Pharmaceuticals Inc. is $197.90M. A total of 1.04 million shares were traded on the day, compared to an average of 1.25M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RIGL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 3 SELLs from insiders. Insiders purchased 618,000 shares during that period but sold 16,166.

In the most recent transaction, RODRIGUEZ RAUL R sold 20,340 shares of RIGL for 1.75 per share on Feb 06. After the transaction, the CEO, President now owns 1,680,713 company shares. In a previous transaction on Feb 02, Dummer Wolfgang sold 5,389 shares at 1.66 per share. RIGL shares that EVP & CMO owns now total 72,459.

Among the insiders who sold shares, Schorno Dean L disposed of 5,389 shares on Feb 02 at a per-share price of $1.66. This resulted in the EVP & Chief Financial Officer holding 196,519 shares of RIGL after the transaction. In another insider transaction, Santos David A sold 5,388 shares at $1.66 per share on Feb 02. Company shares held by the EVP, Chief Commercial Officer now total 144,612.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RIGL in the last 3 months, the mean price target is $4.18 with high estimates of $15.00 and low estimates of $1.30. In terms of 52-week highs and lows, RIGL has a high of $2.04 and a low of $0.67.

As of this writing, RIGL has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.08 in the last quarter, which was 20.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RIGL’s latest balance sheet shows that the firm has $124.97M in Cash & Short Term Investments as of fiscal 2021. There were $30.57M in debt and $63.55M in liabilities at the time. Its Book Value Per Share was -$0.16, while its Total Shareholder’s Equity was $30.37M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIGL is Buy with a score of 3.67.

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