After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Rigel Pharmaceuticals Acquires U.S. Rights to GAVRETO®.
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Stocks Info
The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $1.32 and fluctuated between $1.3300 as its day high and $1.2400 as its day low. The current market capitalization of Rigel Pharmaceuticals is $230.17M. A total of 1.01 million shares were traded on the day, compared to an average of 1.11M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 7 BUYs and 0 SELLs from insiders. Insiders purchased 175,000 shares during that period but sold 0.
In the most recent transaction, RODRIGUEZ RAUL R sold 30,545 shares of RIGL for 1.14 per share on Feb 05. After the transaction, the CEO, President now owns 2,036,629 company shares. In a previous transaction on Feb 05, Santos David A sold 8,918 shares at 1.14 per share. RIGL shares that EVP, Chief Commercial Officer owns now total 349,093.
Among the insiders who sold shares, Schorno Dean L disposed of 7,027 shares on Feb 05 at a per-share price of $1.14. This resulted in the EVP & Chief Financial Officer holding 402,891 shares of RIGL after the transaction. In another insider transaction, RODRIGUEZ RAUL R sold 22,349 shares at $1.13 per share on Feb 02. Company shares held by the CEO, President now total 2,067,174.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RIGL in the last 3 months, the mean price target is $4.13 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 $1.96 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 -$0.18, while its Total Shareholder’s Equity was $30.37M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
