SIGA (SIGA) Back To 2022 Level After Q4 Earnings Profit

SIGA reported a net profit of $72.3 million, or $1.01 a share, compared with a loss of $800,000, or 1 cent a share, for the same period a year earlier. Product revenue surged to $115.7 million from $5.1 million a year ago, taking total revenue to $116.5 million from $11.4 million.

If we go back to how the share price was trading two years ago, this is where we saw almost the same price level, and we saw a good price upside to more than $20 dollars in June-July 2022.

If we go back to May 2022 earnings on 02 May 2022, we could see that that was a positive EPS recorded as well, there was the time we saw SIGA stock price on the high.

So could we be seeing another Gap Up or surge this time?

If we look at how SIGA have been trading, it look like it is trying to break higher in MACD, with Bull power forming along the way.

I am expecting the positive profit and cash dividend to help push SIGA stock price higher today.

Next we will need to see how traders and investors are feeling about SIGA.

Looks like traders and investors might be holding wait and see attitude on SIGA, but I would expect some buying and LONG sentiment coming.

We are not seeing a significant volume in after hours trading after SIGA posted its earnings, this is something I will be looking out for.

Will monitor the price action and see how things goes.

SIGA was a stock that I have bough and earned a pretty good profit in 2022, but it has since went to around 5ish level. With the new profit and significant earnings, will SIGA continue to do well and go back to its 2022 level?

I will be monitoring the price action closely as I believe there is a potential trade here.

Appreciate if you could share your thoughts in the comment section whether you think SIGA can go back to 2022 level after a profit and good earnings.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.