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SIGA - Siga Technologies: Preparing For A Contingency If Tomorrow Comes
SIGA Technologies Inc.
2024-03-25 14:46:18 ET
Summary
SIGA stock is setting new 52-week highs after a strong earnings report. The post-earnings rally is also supported by a special cash dividend of $0.60, going ex-dividend on 25 March.
Perhaps the most important question on investors’ minds would be if it is too late to buy the stock.
Despite the rally, the stock still trades at a discount to its 5-year averages on several valuation metrics.
Assigning a “Buy” rating and price target of at least ~$10 for the stock given Siga’s strong positioning to benefit from the heightened focus and global spending on health security.