Rigel (RIGL) AI Stock Analysis

• Market Cap: $365.13M
• Dividend Yield: N/A
• Average Volume (3M): 189.97K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 2.12
• Revenue Growth: 68.74%
• EPS Growth: N/A
• Country: US
• Employees: 162
• Sector: Healthcare
• Sector Strength: 37
• Industry: Biotechnology
• EPS (TTM): 0.63
• Shares Outstanding: 17,872,433
• 10 Day Avg. Volume: 167,387
• 30 Day Avg. Volume: 189,965
• PEG Ratio: 0.08
• Price to Book (P/B): 17.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.38
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 2.01
• Enterprise Value/Ebitda: 4.23
• 1Y Price Target: $38.73
• Price Target Upside: 92.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: $22.00 ▲(9.07%Upside)

Rigel's overall score is driven by strong financial performance and positive earnings call insights, offset by technical analysis concerns. The stock's attractive valuation further supports its potential, while leverage risks remain a consideration.

Positive Factors

Efficacy and Safety Results

ARROW trial wraps with strong efficacy and safety results for GAVRETO.

International Expansion

Approval from the Korean Ministry of Food and Drug Safety for Tavalisse boosts Rigel's presence in the international market.

Revenue Growth

Rigel Pharmaceuticals reported higher-than-expected revenue growth, primarily driven by stronger-than-projected sales of Gavreto and Tavalisse.

Negative Factors

Strategic Decisions

Rigel decided not to exercise its opt-in right for ocadusertib under its agreement with Eli Lilly, based on internal strategic prioritization.

Rigel Business Overview & Revenue Model

Company Description

Rigel Pharmaceuticals, Inc. (RIGL) is a biotechnology company focused on the discovery, development, and commercialization of small molecule drugs for the treatment of immune and hematologic disorders, cancer, and rare diseases. Based in the United States, Rigel is recognized for its expertise in immunology and signal transduction, leveraging this knowledge to develop innovative therapeutics that address unmet medical needs.

How the Company Makes Money

Rigel Pharmaceuticals generates revenue primarily through the sale of its FDA-approved products, such as fostamatinib, which is marketed under the brand name TAVALISSE for the treatment of chronic immune thrombocytopenia (ITP) in adults. The company also earns revenue through collaborative agreements, which may include upfront payments, milestone payments, and royalties from partners who commercialize its products in territories outside the United States. Additionally, Rigel engages in research and development collaborations, where they receive funding or share in the profits from jointly developed therapies. The company's financial performance is supported by its ability to secure strategic partnerships and licensing agreements, which enhance its market reach and provide additional revenue streams.

Rigel Financial Statement Overview

Summary

Rigel's financial statements show strong revenue growth and profitability improvements, with an impressive Gross Profit Margin and Net Profit Margin. However, the high leverage seen in the balance sheet is a concern despite strong cash flow metrics. Overall, the company is on a positive trajectory but needs to manage debt carefully.

Income Statement

Rigel's income statement reflects a strong performance in recent periods, with significant improvements in profitability. The TTM Gross Profit Margin stands at 89.66%, and the Net Profit Margin is 18.31%, showcasing efficient cost management. Revenue growth is robust, with a 13.28% increase from the previous year, indicating a positive trajectory. EBIT and EBITDA margins are also showing healthy improvements. However, the company has experienced periods of negative earnings in the past, which suggests some volatility in its profitability.

Balance Sheet

The balance sheet shows a mixed picture. The Debt-to-Equity Ratio is high, reflecting a leverage risk, but the company has managed to improve its equity position over the TTM. Return on Equity (ROE) is an impressive 200.22%, driven by improved earnings, although this is partly due to a low equity base. The Equity Ratio is only 10.55%, pointing to a significant reliance on debt financing. Overall, while there are positive signs, the high leverage remains a concern.

Cash Flow

Cash flow statements indicate strong operational cash generation, with Operating Cash Flow significantly exceeding Net Income, resulting in a healthy Operating Cash Flow to Net Income Ratio. Free Cash Flow has also shown substantial growth, with a Free Cash Flow Growth Rate of 13.57% in the TTM. The Free Cash Flow to Net Income Ratio is 0.96, showing strong cash conversion from earnings. This robust cash flow performance provides a solid foundation for future growth and debt servicing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	179.28M	116.88M	120.24M	149.24M	108.62M
Gross Profit	160.63M	109.77M	118.49M	148.15M	107.73M
EBITDA	28.51M	-16.98M	-53.87M	-11.29M	-27.68M
Net Income	17.48M	-25.09M	-58.57M	-17.91M	-29.74M
Balance Sheet
Total Assets	163.98M	117.22M	134.28M	167.33M	110.38M
Cash, Cash Equivalents and Short-Term Investments	77.32M	56.93M	58.21M	124.97M	57.33M
Total Debt	59.97M	60.58M	41.55M	30.57M	39.09M
Total Liabilities	160.69M	145.87M	147.90M	136.95M	76.35M
Stockholders Equity	3.29M	-28.64M	-13.62M	30.37M	34.03M
Cash Flow
Free Cash Flow	31.43M	-20.74M	-74.21M	5.25M	-53.45M
Operating Cash Flow	31.47M	-5.74M	-73.76M	5.88M	-52.19M
Investing Cash Flow	4.13M	-4.30M	72.78M	-80.04M	47.47M
Financing Cash Flow	-11.64M	18.37M	6.55M	62.67M	12.57M

Rigel Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RIGL, the sentiment is Positive. The current price of 20.17 is above the 20-day moving average (MA) of 19.29, above the 50-day MA of 19.67, and above the 200-day MA of 19.51, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 55.31 is Neutral, neither overbought nor oversold. The STOCH value of 70.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RIGL.

Rigel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RIGL	73 Outperform	$365.13M	9.73	531.78%	―	68.74%	―
Sector *	60 Neutral	HK$17.07B	5.63	-7.44%	2.87%	11.55%	-28.15%
TRDA	60 Neutral	$242.52M	7.90	7.22%	―	5.74%	24.45%
HRTX	57 Neutral	$289.87M	―	40.36%	―	12.43%	91.67%
RGNX	54 Neutral	$460.05M	―	-47.44%	―	80.70%	46.66%
MREO	43 Neutral	$276.66M	―	-92.00%	―	―	―
IVA	42 Neutral	$447.31M	―	344.74%	―	-47.32%	-26.67%

Rigel Corporate Events

Rigel Pharmaceuticals Approves Equity Plan Amendment

On May 22, 2025, Rigel Pharmaceuticals, Inc. held its 2025 Annual Meeting of Stockholders, where stockholders approved an amendment to the 2018 Equity Incentive Plan, adding 700,000 shares for issuance. The plan became effective immediately upon approval. Additionally, stockholders elected directors to serve until the 2028 Annual Meeting, approved executive compensation, and ratified Ernst & Young LLP as the independent accounting firm for the fiscal year ending December 31, 2023.

The most recent analyst rating on (RIGL) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Rigel stock, see the RIGL Stock Forecast page.