On Monday, Rhythm Pharmaceuticals Inc (NASDAQ: RYTM) opened higher 8.12% from the last session, before settling in for the closing price of $49.01. Price fluctuations for RYTM have ranged from $23.26 to $55.64 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 175.40%. Company’s average yearly earnings per share was noted -39.60% at the time writing. With a float of $54.57 million, this company’s outstanding shares have now reached $59.43 million.
The extent of productivity of a business whose workforce counts for 226 workers is very important to gauge. In terms of profitability, gross margin is 88.44%, operating margin of -260.93%, and the pretax margin is -253.56%.
Rhythm Pharmaceuticals Inc (RYTM) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Rhythm Pharmaceuticals Inc is 10.74%, while institutional ownership is 103.46%. The most recent insider transaction that took place on Sep 17 ’24, was worth 1,663,803. In this transaction Director of this company sold 31,751 shares at a rate of $52.40, taking the stock ownership to the 3,000 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Director proposed sale 31,751 for $49.52, making the entire transaction worth $1,572,310.
Rhythm Pharmaceuticals Inc (RYTM) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.76 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.74) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -39.60% 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
Check out the current performance indicators for Rhythm Pharmaceuticals Inc (RYTM). In the past quarter, the stock posted a quick ratio of 6.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.37, a number that is poised to hit -0.80 in the next quarter and is forecasted to reach -2.78 in one year’s time.
Technical Analysis of Rhythm Pharmaceuticals Inc (RYTM)
The latest stats from [Rhythm Pharmaceuticals Inc, RYTM] show that its last 5-days average volume of 0.33 million was inferior to 0.53 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 45.31%. Additionally, its Average True Range was 2.06.
During the past 100 days, Rhythm Pharmaceuticals Inc’s (RYTM) raw stochastic average was set at 83.62%, which indicates a significant decrease from 90.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.90% in the past 14 days, which was lower than the 47.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.80, while its 200-day Moving Average is $44.72. Now, the first resistance to watch is $54.90. This is followed by the second major resistance level at $56.81. The third major resistance level sits at $60.05. If the price goes on to break the first support level at $49.76, it is likely to go to the next support level at $46.52. The third support level lies at $44.61 if the price breaches the second support level.
Rhythm Pharmaceuticals Inc (NASDAQ: RYTM) Key Stats
There are currently 61,134K shares outstanding in the company with a market cap of 3.33 billion. Presently, the company’s annual sales total 77,430 K according to its annual income of -184,680 K. Last quarter, the company’s sales amounted to 29,080 K and its income totaled -32,260 K.
