Siga Technologies Inc. (SIGA) Outpaces Stock Market Gains: What You Should Know

Siga Technologies Inc. (SIGA) closed the most recent trading day at $6.78, moving +1.19% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.32% for the day. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.26%. Prior to today's trading, shares of the company had gained 6.35% outpaced the Medical sector's loss of 3.4% and the S&P 500's gain of 4.51%.The investment community will be paying close attention to the earnings performance of Siga Technologies Inc. in its upcoming release. For the full year, the Zacks Consensus Estimates project earnings of $0.13 per share and a revenue of $184.36 million, demonstrating changes of -84.15% and +32.97%, respectively, from the preceding year. Any recent changes to analyst estimates for Siga Technologies Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Siga Technologies Inc. holds a Zacks Rank of #3 (Hold). From a valuation perspective, Siga Technologies Inc. is currently exchanging hands at a Forward P/E ratio of 51.54. This valuation marks a premium compared to its industry average Forward P/E of 13.09. The Medical - Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity.Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Siga Technologies Inc. (SIGA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks