Taking a Fresh Look at Rigel Pharmaceuticals, Inc. (RIGL)

Rigel Pharmaceuticals, Inc. (RIGL) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $3.30, up from yesterday’s close by 2.48%. 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 $576.34 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 -$80.51 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.16 on a per share basis this quarter. Perhaps, that suggests something about why 0.19% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Rigel Pharmaceuticals, Inc. recorded a 52-week high of $4.71. It is now trading 1.41% off that level. The stock is trading $3.68 its 50-day moving average by 0.38%. The stock carved out a 52-week low down at $2.14.

In recent action, Rigel Pharmaceuticals, Inc. (RIGL) has made a move of -16.03% 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 14.11, 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 4.92% with $163.11 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RIGL.

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