After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Rigel Pharmaceuticals Provides Business Update.
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Stocks Info
RIGL belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $1.36 and fluctuated between $1.3800 as its day high and $1.3150 as its day low. The current market capitalization of Rigel Pharmaceuticals is $237.14M. A total of 0.72 million shares were traded on the day, compared to an average of 1.22M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. 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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 -$0.18, while its Total Shareholder’s Equity was $30.37M.
Analysts Opinion
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. 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.
