Rockwell Medical Inc (NASDAQ: RMTI) on Friday, plunged -5.42% from the previous trading day, before settling in for the closing price of $2.49. Within the past 52 weeks, RMTI’s price has moved between $1.16 and $5.15.
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Annual sales at Healthcare sector company grew by 6.03% over the past five years. The company achieved an average annual earnings per share of 97.22%. With a float of $28.29 million, this company’s outstanding shares have now reached $29.13 million.
Let’s look at the performance matrix of the company that is accounted for 237 employees. In terms of profitability, gross margin is 16.91%, operating margin of 0.59%, and the pretax margin is -1.25%.
Rockwell Medical Inc (RMTI) Insider Updates
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Rockwell Medical Inc is 12.48%, while institutional ownership is 29.27%. The most recent insider transaction that took place on Oct 01 ’24, was worth 3,689. In this transaction SVP, Chief Commercial Officer of this company sold 1,001 shares at a rate of $3.69, taking the stock ownership to the 55,171 shares. Before that another transaction happened on Oct 01 ’24, when Company’s President and CEO sold 2,163 for $3.69, making the entire transaction worth $7,971. This insider now owns 147,201 shares in total.
Rockwell Medical Inc (RMTI) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.05 earnings per share (EPS) for the period topping the consensus outlook (set at -0.07) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 97.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.00% during the next five years compared to 44.20% growth over the previous five years of trading.
Rockwell Medical Inc (NASDAQ: RMTI) Trading Performance Indicators
Rockwell Medical Inc (RMTI) is currently performing well based on its current performance indicators. A quick ratio of 2.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.73. Likewise, its price to free cash flow for the trailing twelve months is 27.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of Rockwell Medical Inc (RMTI)
Rockwell Medical Inc (NASDAQ: RMTI) saw its 5-day average volume 2.91 million, a positive change from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 2.73%. Additionally, its Average True Range was 0.39.
During the past 100 days, Rockwell Medical Inc’s (RMTI) raw stochastic average was set at 21.27%, which indicates a significant increase from 2.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 214.24% in the past 14 days, which was higher than the 110.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.68, while its 200-day Moving Average is $2.28. Nevertheless, the first resistance level for the watch stands at $2.45 in the near term. At $2.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.64. If the price goes on to break the first support level at $2.26, it is likely to go to the next support level at $2.17. Assuming the price breaks the second support level, the third support level stands at $2.07.
Rockwell Medical Inc (NASDAQ: RMTI) Key Stats
Market capitalization of the company is 71.98 million based on 32,319K outstanding shares. Right now, sales total 83,610 K and income totals -8,440 K. The company made 25,830 K in profit during its latest quarter, and 340 K in sales during its previous quarter.
