A new trading day began on Friday, with Rhythm Pharmaceuticals Inc. (NASDAQ: RYTM) stock price down -5.28% from the previous day of trading, before settling in for the closing price of $42.58. RYTM’s price has ranged from $15.50 to $52.57 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 175.40% over the past five years. Meanwhile, its annual earnings per share averaged -29.31%. With a float of $53.27 million, this company’s outstanding shares have now reached $59.43 million.
Let’s look at the performance matrix of the company that is accounted for 226 employees.
Rhythm Pharmaceuticals Inc. (RYTM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Rhythm Pharmaceuticals Inc. is 11.43%, while institutional ownership is 102.56%. The most recent insider transaction that took place on Apr 02 ’24, was worth 15,368. In this transaction Corporate Controller & CAO of this company sold 368 shares at a rate of $41.76, taking the stock ownership to the 795 shares. Before that another transaction happened on Mar 21 ’24, when Company’s Chief Technical Officer sold 18,235 for $40.34, making the entire transaction worth $735,600. This insider now owns 30 shares in total.
Rhythm Pharmaceuticals Inc. (RYTM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 40.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -29.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -9.00% during the next five years compared to -6.04% drop over the previous five years of trading.
Rhythm Pharmaceuticals Inc. (NASDAQ: RYTM) Trading Performance Indicators
Here are Rhythm Pharmaceuticals Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 31.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.21, a number that is poised to hit -2.16 in the next quarter and is forecasted to reach -2.04 in one year’s time.
Technical Analysis of Rhythm Pharmaceuticals Inc. (RYTM)
Rhythm Pharmaceuticals Inc. (NASDAQ: RYTM) saw its 5-day average volume 0.51 million, a negative change from its year-to-date volume of 0.64 million. As of the previous 9 days, the stock’s Stochastic %D was 47.10%. Additionally, its Average True Range was 2.18.
During the past 100 days, Rhythm Pharmaceuticals Inc.’s (RYTM) raw stochastic average was set at 41.84%, which indicates a significant increase from 25.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.84% in the past 14 days, which was higher than the 60.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.63, while its 200-day Moving Average is $32.67. Nevertheless, the first resistance level for the watch stands at $41.63 in the near term. At $42.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.84. If the price goes on to break the first support level at $39.42, it is likely to go to the next support level at $38.50. Assuming the price breaks the second support level, the third support level stands at $37.21.
Rhythm Pharmaceuticals Inc. (NASDAQ: RYTM) Key Stats
With a market capitalization of 2.43 billion, the company has a total of 60,140K Shares Outstanding. Currently, annual sales are 77,430 K while annual income is -184,680 K. The company’s previous quarter sales were 24,230 K while its latest quarter income was -41,630 K.
