Monkeypox Stocks to Watch: SIGA Technologies Inc. (SIGA)
SIGA Technologies (NASDAQ:SIGA) produces the Tecovirimat SIGA, or TPOXX smallpox vaccine as it’s known in the U.S., SIGA’s vaccine was approved in the United States for the treatment of smallpox in July 2018, and it received European approvals for the treatment of Smallpox, Monkeypox and Cowpox in January 2022.
Following a Monkeypox rally that saw SIGA stock price skyrocket between the first of May and May 27, shares are in consolidation mode after a 13% decline since May 27. Investors speculate on the company’s economic benefits from a potential Monkeypox outbreak, and any new vaccine orders could reignite the speculative rally this month.
Although it has been profitable historically, SIGA has a significantly volatile revenue history. That said, given its good working capital position, no debt in its capital structure and a positive free cash flow generation profile, SIGA stock could outperform if Monkeypox becomes a significant cause for concern enough for governments to increase orders for Tecovirimat and TPOXX.
SIGA Technologies (NASDAQ:SIGA) produces the Tecovirimat SIGA, or TPOXX smallpox vaccine as it’s known in the U.S., SIGA’s vaccine was approved in the United States for the treatment of smallpox in July 2018, and it received European approvals for the treatment of Smallpox, Monkeypox and Cowpox in January 2022.
Following a Monkeypox rally that saw SIGA stock price skyrocket between the first of May and May 27, shares are in consolidation mode after a 13% decline since May 27. Investors speculate on the company’s economic benefits from a potential Monkeypox outbreak, and any new vaccine orders could reignite the speculative rally this month.
Although it has been profitable historically, SIGA has a significantly volatile revenue history. That said, given its good working capital position, no debt in its capital structure and a positive free cash flow generation profile, SIGA stock could outperform if Monkeypox becomes a significant cause for concern enough for governments to increase orders for Tecovirimat and TPOXX.
