After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Rigel Pharmaceuticals Provides Business Update.
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Stocks Info
This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Rigel Pharmaceuticals is $235.40M. A total of 0.89 million shares were traded on the day, compared to an average of 1.22M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RIGL in the last 3 months, the mean price target is $4.04 with high estimates of $15.00 and low estimates of $1.00. In terms of 52-week highs and lows, RIGL has a high of $2.04 and a low of $0.71.
As of this writing, RIGL has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.04 in the last quarter, which was 50.00% higher than expectations of -$0.08.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 -$0.18, while its Total Shareholder’s Equity was $30.37M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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.
