SIGA Stock Summary and Trading Ideas (Siga Technologies | NASDAQ:SIGA)

SIGA Technologies Inc is a commercial-stage pharmaceutical company focused on the health security market. The company's main product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by the variola virus. The company derives maximum revenue from United States.

Siga Technologies trades on the NASDAQ stock market under the symbol SIGA.

As of April 18, 2024, SIGA stock price declined to $8.23 with 688,220 million shares trading.

SIGA has a beta of 0.46, meaning it tends to be less sensitive to market movements. SIGA has a correlation of 0.01 to the broad based SPY ETF.

SIGA has a market cap of $586.53 million. This is considered a Small Cap stock.

In the last 3 years, SIGA stock traded as high as $26.99 and as low as $4.22.

The top ETF exchange traded funds that SIGA belongs to (by Net Assets): VTI, IWM, VXF, IWO, AVUV.

SIGA has outperformed the market in the last year with a return of +53.9%, while the SPY ETF gained +22.3%. In the last 3 month period, SIGA beat the market returning +69.2%, while SPY returned +6.1%. However, in the most recent 2 weeks SIGA has underperformed the stock market by returning -17.0%, while SPY returned -3.8%.

SIGA support price is $8.15 and resistance is $8.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SIGA stock will trade within this expected range on the day.