The Street Is Finally Waking Up To Rigel Pharmaceuticals (NASDAQ: RIGL)

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.

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Stocks Info

Rigel Pharmaceuticals is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Rigel Pharmaceuticals is $192.92M. A total of 2.97 million shares were traded on the day, compared to an average of 1.43M shares.

In the most recent transaction, RODRIGUEZ RAUL R sold 30,545 shares of RIGL for 1.14 per share on Feb 05 ’24. After the transaction, the CEO, President now owns 2,036,629 company shares. In a previous transaction on Feb 05 ’24, 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 ’24 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 ’24. Company shares held by the CEO, President now total 2,067,174.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RIGL has a high of $1.96 and a low of $0.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 -$0.16, while its Total Shareholder’s Equity was $30.37M.

Analysts Opinion

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. 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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