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.
Introduction & Thesis
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For further details see:
Siga Technologies: Preparing For A Contingency If Tomorrow Comes