Rigel Pharmaceuticals (RIGL) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rigel Pharmaceuticals in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RIGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIGL, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 1-year price targets for Rigel Pharmaceuticals' shares. Their RIGL share price forecasts range from $1.00 to $15.00. On average, they expect the company's stock price to reach $4.21 in the next year. This suggests a possible upside of 223.7% from the stock's current price.
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Rigel Pharmaceuticals' stock was trading at $1.50 on January 1st, 2023. Since then, RIGL stock has decreased by 13.3% and is now trading at $1.30.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our RIGL earnings forecast.

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) posted its quarterly earnings data on Tuesday, March, 7th. The biotechnology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.08. The biotechnology company had revenue of $51.28 million for the quarter, compared to the consensus estimate of $37.55 million. Rigel Pharmaceuticals had a negative trailing twelve-month return on equity of 2,419.00% and a negative net margin of 34.47%. During the same quarter in the prior year, the company posted ($0.13) EPS.

ETFs with the largest weight of Rigel Pharmaceuticals (NASDAQ:RIGL) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), Principal Healthcare Innovators ETF (BTEC),

6 employees have rated Rigel Pharmaceuticals Chief Executive Officer Raul Rodriguez on Glassdoor.com. Raul Rodriguez has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rigel Pharmaceuticals investors own include ADMA Biologics (ADMA), Matinas BioPharma (MTNB), Zosano Pharma (ZSAN), Sorrento Therapeutics (SRNE), Aeterna Zentaris (AEZS), KushCo (KSHB), Novan (NOVN), Bionano Genomics (BNGO), Organigram (OGI) and Pennsylvania Real Estate Investment Trust (PEI).

Rigel Pharmaceuticals trades on the NASDAQ under the ticker symbol "RIGL."

Rigel Pharmaceuticals' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Armistice Capital LLC (9.80%), BlackRock Inc. (8.13%), Acadian Asset Management LLC (2.14%), State Street Corp (1.98%), Geode Capital Management LLC (1.89%) and FMR LLC (1.63%). Insiders that own company stock include David A Santos, Dean L Schorno and Raul R Rodriguez.
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Shares of RIGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RIGL stock can currently be purchased for approximately $1.30.

Rigel Pharmaceuticals (NASDAQ:RIGL) has a market capitalization of $225.77 million and generates $120.24 million in revenue each year. The biotechnology company earns $-58,570,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis.

The company employs 165 workers across the globe.

Rigel Pharmaceuticals' mailing address is 1180 VETERANS BOULEVARD, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.rigel.com. The biotechnology company can be reached via phone at (650) 624-1100, via email at ir@rigel.com, or via fax at 650-624-1101.