Rocket Pharmaceuticals Inc (NASDAQ: RCKT) on Monday, plunged -3.38% from the previous trading day, before settling in for the closing price of $17.45. Within the past 52 weeks, RCKT’s price has moved between $15.98 and $32.53.
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The company achieved an average annual earnings per share of 3.18%. With a float of $83.99 million, this company’s outstanding shares have now reached $90.28 million.
The extent of productivity of a business whose workforce counts for 268 workers is very important to gauge. In terms of profitability, gross margin is 5.46%, operating margin of -2655.06%, and the pretax margin is -2502.71%.
Rocket Pharmaceuticals Inc (RCKT) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Rocket Pharmaceuticals Inc is 7.86%, while institutional ownership is 101.18%. The most recent insider transaction that took place on Oct 31 ’24, was worth 51,205. In this transaction an insider of this company sold 3,080 shares at a rate of $16.62, taking the stock ownership to the 69,140 shares. Before that another transaction happened on Oct 31 ’24, when Company’s insider sold 917 for $16.62, making the entire transaction worth $15,245. This insider now owns 50,534 shares in total.
Rocket Pharmaceuticals Inc (RCKT) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.64 earnings per share (EPS) for the period topping the consensus outlook (set at -0.79) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.73 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 41.70% during the next five years compared to -9.09% drop over the previous five years of trading.
Rocket Pharmaceuticals Inc (NASDAQ: RCKT) Trading Performance Indicators
Rocket Pharmaceuticals Inc (RCKT) is currently performing well based on its current performance indicators. A quick ratio of 6.05 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.75, a number that is poised to hit -0.73 in the next quarter and is forecasted to reach -2.38 in one year’s time.
Technical Analysis of Rocket Pharmaceuticals Inc (RCKT)
The latest stats from [Rocket Pharmaceuticals Inc, RCKT] show that its last 5-days average volume of 0.87 million was superior to 0.78 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 52.03%. Additionally, its Average True Range was 0.87.
During the past 100 days, Rocket Pharmaceuticals Inc’s (RCKT) raw stochastic average was set at 8.04%, which indicates a significant decrease from 36.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.38% in the past 14 days, which was lower than the 60.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.00, while its 200-day Moving Average is $22.48. Now, the first resistance to watch is $17.56. This is followed by the second major resistance level at $18.27. The third major resistance level sits at $18.71. If the price goes on to break the first support level at $16.42, it is likely to go to the next support level at $15.98. The third support level lies at $15.27 if the price breaches the second support level.
Rocket Pharmaceuticals Inc (NASDAQ: RCKT) Key Stats
Market capitalization of the company is 1.55 billion based on 91,014K outstanding shares. Right now, sales total 0 K and income totals -245,600 K. The company made 0 K in profit during its latest quarter, and -69,650 K in sales during its previous quarter.
