How have the shares performed?
Rocket Pharmaceuticals Inc. (RCKT) saw downtrend of -5.39% in the recent trading with $44.22 being its most recent. The current price level -34.47% lower than the highest price of $67.48 marked by the stock while trading over the past 52-weeks, whereas it is 122.10% higher than the lowest price of $19.91 the company dropped to over past 52-weeks. The latest news story on RCKT appeared in Benzinga under the title “Rocket Pharmaceuticals Announces Positive Data From RP-L102, RP-L201 Gene Therapy Programs” on May-13-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -7.26% below one month high and is +10.49% above of the lowest during that time. Looking into the simple moving average, Rocket Pharmaceuticals Inc. (RCKT)’s stock stands at a SMA-50 of $43.38 while that of 5-day is reading $46.18.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RCKT’s SMA-200 as of now is $42.64.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
Rocket Pharmaceuticals Inc. Earnings – What Happened With RCKT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rocket Pharmaceuticals Inc. (RCKT) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 5.80% for net revenue.
RCKT – Rocket Pharmaceuticals Inc. Stock Earnings Estimates
The perspective of Rocket Pharmaceuticals Inc. (NASDAQ:RCKT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.69 for stock’s EPS in the current quarter. 11 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.65.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 61.57 million. RCKT does have institutional investors; and they hold 98.50% of the stock.
Rocket Pharmaceuticals Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 3 new insider purchases involving 169,842 shares. On the other hand, RCKT declared 1,143,102 shares have been sold in 16 insider transactions over the past three months.
As on Mar 30, 2021, RTW Investments LP was the top most holder in Rocket Pharmaceuticals Inc. (NASDAQ:RCKT) with an ownership of 15.72 million shares of the company or 24.79% of the stake worth $697.29 million. The filing also reveals Wellington Management Group, LLP as the second largest holder in the company with a control over 5.77% of the outstanding shares. Its stake is worth $162.35 million for having 3.66 million shares in hand.
Price (T.Rowe) Associates Inc also came holding a key position in the company during the recent quarter and it now holds 5.68% of the outstanding shares. With this there are now 266 institutions which have possession in RCKT’s shares.
Currently, the stock has been recommended as Strong Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Rocket Pharmaceuticals Inc. was 14.94 while posting a debt to equity ratio of 0.13. The count was 10.83 for long-term debt to equity ratio.
Rocket Pharmaceuticals Inc.’s return on equity, or ROE, is -41.60%, compared to the industry average of -40.34% for Healthcare – Biotechnology. Although this indicates that RCKT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Rocket Pharmaceuticals Inc. (NASDAQ:RCKT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Rocket Pharmaceuticals Inc. (RCKT), we notice that the stock’s 20-day average volume is at 252,190 shares and 50% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 357,986 shares. And to end with, RCKT’s 100-day average volume are 438,482 shares.