Why should you buy stock in Rockwell Medical Inc. (RMTI)?

Rockwell Medical Inc. (NASDAQ: RMTI) is 16.83% higher on its value in year-to-date trading and has touched a low of $0.83 and a high of $3.85 in the current 52-week trading range. The RMTI stock was last observed hovering at around $1.18 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $5.00 for the next 12 months. It is also 75.0% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 75.0% higher than the price target low of $5.00 for the same period.

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Currently trading at $1.25, the stock is 19.71% and 22.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 5.93% at the moment leaves the stock -20.07% off its SMA200. RMTI registered -47.56% loss for a year compared to 6-month loss of -32.57%. The firm has a 50-day simple moving average (SMA 50) of $1.0694 and a 200-day simple moving average (SMA200) of $1.2944.

The stock witnessed a -0.84% gain in the last 1 month and extending the period to 3 months gives it a 8.26%, and is 12.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.04% over the week and 6.29% over the month.

Rockwell Medical Inc. (RMTI) has around 299 employees, a market worth around $107.38M and $62.50M in sales. Profit margin for the company is -47.20%. Distance from 52-week low is 50.60% and -67.53% from its 52-week high.

Rockwell Medical Inc. (RMTI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Rockwell Medical Inc. (RMTI) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Rockwell Medical Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $19.66M over the same period.The EPS is expected to grow by 7.90% this year, but quarterly earnings will post 10.60% year-over-year. Quarterly sales are estimated to grow 26.90% in year-over-year returns.

Rockwell Medical Inc. (RMTI) Top Institutional Holders

115 institutions hold shares in Rockwell Medical Inc. (RMTI), with 2.11M shares held by insiders accounting for 2.26% while institutional investors hold 46.20% of the company’s shares. The shares outstanding are 93.57M, and float is at 81.49M with Short Float at 2.83%. Institutions hold 45.15% of the Float.

The top institutional shareholder in the company is CVI Holdings, LLC with over 5.3 million shares valued at $5.67 million. The investor’s holdings represent 5.67% of the RMTI Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 4.52 million shares valued at $4.84 million to account for 4.83% of the shares outstanding. The other top investors are Sabby Management, LLC which holds 3.6 million shares representing 3.84% and valued at over $3.85 million, while Vanguard Group, Inc. (The) holds 2.81% of the shares totaling 2.63 million with a market value of $2.82 million.

Rockwell Medical Inc. (RMTI) Insider Activity

A total of 18 insider transactions have happened at Rockwell Medical Inc. (RMTI) in the last six months, with sales accounting for 13 and purchases happening 5 times. The most recent transaction is an insider sale by Richmond David S., the company’s 10% Owner. SEC filings show that Richmond David S. sold 42,450 shares of the company’s common stock on Dec 21 at a price of $1.03 per share for a total of $43724.0. Following the sale, the insider now owns 1.43 million shares.

Rockwell Medical Inc. disclosed in a document filed with the SEC on Dec 16 that Richmond David S. (10% Owner) sold a total of 521,876 shares of the company’s common stock. The trade occurred on Dec 16 and was made at $1.01 per share for $0.53 million. Following the transaction, the insider now directly holds 61278.0 shares of the RMTI stock.

Still, SEC filings show that on Dec 15, Richmond David S. (10% Owner) disposed off 278,124 shares at an average price of $1.11 for $0.31 million. The insider now directly holds 1,611,780 shares of Rockwell Medical Inc. (RMTI).

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Rockwell Medical Inc. (RMTI): Who are the competitors?

The company’s main competitors (and peers) include Abbott Laboratories (ABT) that is trading 27.87% up over the past 12 months. Baxter International Inc. (BAX) is -9.86% down on the 1-year trading charts. Short interest in the company’s stock has fallen -6.49% from the last report on Nov 12, 2020 to stand at a total of 2.46 million short shares sold with a short interest ratio of 1.8.

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