How Does Rigel Pharmaceuticals, Inc. (RIGL) Stack Up Right Now?

Rigel Pharmaceuticals, Inc. (RIGL) is an interesting player in the Healthcare space, with a focus on Drugs – Generic. The stock has been active on the tape, currently trading at $3.73, down from yesterday’s close by -5.57%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Rigel Pharmaceuticals, Inc. (RIGL) currently trades with a market capitalization of $540.89 Million. That value represents a market adjusting for revenues that have been falling by -100.00 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$77.72 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.17 on a per share basis this quarter. Perhaps, that suggests something about why 0.21% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Rigel Pharmaceuticals, Inc. recorded a 52-week high of $4.71. It is now trading 0.98% off that level. The stock is trading $3.82 its 50-day moving average by 0.09%. The stock carved out a 52-week low down at $2.14.

In recent action, Rigel Pharmaceuticals, Inc. (RIGL) has made a move of -8.80% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.63% with $145.01 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RIGL.

Previous articleChecking the Overall Picture for Avis Budget Group, Inc. (CAR)
Next articleTaking a Fresh Look at The PNC Financial Services Group, Inc. (PNC)