To The Moon

$SIGA Technologies Inc.(SIGA)$ is expected to release earnings on 07 May 2024 after the market closes (AMC).

Technicals is showing uptrend ahead of the earnings, and SIGA has been performing since its last earning report on 12 March 2024, so this might be a stock we could look at in the long term.

SIGA Technologies (SIGA) Last Reported Earnings

SIGA last reported earnings on 12 March 2024 after the market close (AMC).

SIGA shares gained +21.2% the day following the earnings announcement to close at 6.01. Following its earnings release, 56 days ago, SIGA stock has drifted +72.9% higher. From the time it announced earnings, SIGA traded in a range between 5.90 and 10.83. The last price (10.39) is closer to the higher end of range.

If we looked at how SIGA have traded since its last reported earnings, we will be able to see it has been trading upside strongly, there is no show of weakened demand.

Though we see some selling, but that does not constituent a sell off, and MACD just show a crossover. But it might be too expensive to buy now, unless you have some position, I would suggest you hold them.

SIGA Technologies (SIGA) Implied Straddle

If we looked at how the price effect have played out during its last earnings, we have a more than 20% upside, and this quarter is expected to report profits.

So with upcoming earnings implied straddle is 15.4%, we could be seeing at least 10% upside for SIGA.

Summary

SIGA is one of the early stocks that I have traded and it was quite a nice profit then, this is a potential commercial drug stock, which has been doing well recently.

Since the last March earnings release, it has been trading on a nice upside trend, without being affected by the pullback and correction we experienced along the trading period.

I would think if you are still holding onto this stock, do hold it for long term. In order to find opportunities, we will need SIGA to have a small correction, then we might be able to get into a dollar per share short trade.

Appreciate if you could share your thoughts in the comment section whether you think SIGA would continue to announce profit and keep its bullish upside going?

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

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