Edison Inv. Res Weighs in on SIGA Technologies, Inc.’s FY2024 Earnings (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA – Get Rating) – Equities research analysts at Edison Inv. Res issued their FY2024 earnings per share estimates for SIGA Technologies in a report issued on Tuesday, March 14th. Edison Inv. Res analyst S. Romanoff anticipates that the company will post earnings of $1.12 per share for the year. The consensus estimate for SIGA Technologies’ current full-year earnings is $1.06 per share.

SIGA Technologies Price Performance

SIGA Technologies stock opened at $5.62 on Thursday. SIGA Technologies has a 12 month low of $5.11 and a 12 month high of $26.99. The business has a 50 day simple moving average of $6.94 and a 200-day simple moving average of $8.75. The stock has a market capitalization of $405.76 million, a PE ratio of 12.22 and a beta of 0.87.

Institutional Investors Weigh In On SIGA Technologies

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of SIGA Technologies by 269.1% during the third quarter. Renaissance Technologies LLC now owns 2,353,247 shares of the company’s stock worth $24,238,000 after purchasing an additional 1,715,736 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SIGA Technologies by 3.2% during the third quarter. Vanguard Group Inc. now owns 2,228,809 shares of the company’s stock worth $22,956,000 after purchasing an additional 69,423 shares during the last quarter. AltraVue Capital LLC raised its stake in shares of SIGA Technologies by 18.6% during the fourth quarter. AltraVue Capital LLC now owns 1,728,016 shares of the company’s stock worth $12,718,000 after purchasing an additional 270,480 shares during the last quarter. State Street Corp raised its stake in shares of SIGA Technologies by 52.5% during the third quarter. State Street Corp now owns 1,514,105 shares of the company’s stock worth $15,595,000 after purchasing an additional 521,261 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of SIGA Technologies by 38.4% during the fourth quarter. Morgan Stanley now owns 1,016,714 shares of the company’s stock worth $7,483,000 after purchasing an additional 282,166 shares during the last quarter. Hedge funds and other institutional investors own 39.44% of the company’s stock.

About SIGA Technologies

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SIGA Technologies, Inc is a commercial-stage pharmaceutical company, which engages in the development and commercialization of solutions for serious unmet medical needs and biothreats. The firm develops therapeutic solutions for lethal pathogens including smallpox, Ebola, dengue, Lassa fever, and other dangerous viruses.