Rocket Pharmaceuticals Inc (NASDAQ: RCKT) is -7.54% lower on its value in year-to-date trading and has touched a low of $14.89 and a high of $32.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RCKT stock was last observed hovering at around $27.86 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $27.71, the stock is -1.95% and -2.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -0.54% at the moment leaves the stock 22.55% off its SMA200. RCKT registered 55.06% gain for a year compared to 6-month gain of 26.18%. The firm has a 200-day simple moving average (SMA200) of -$9.13.
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The stock witnessed a -2.91% loss in the last 1 month and extending the period to 3 months gives it a -3.18%, and is 1.58% 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 4.25% over the week and 4.85% over the month.
Rocket Pharmaceuticals Inc (RCKT) has around 268 employees, a market worth around $2.51B and $0.00M in sales. Distance from 52-week low is 86.10% and -14.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.70%).
Rocket Pharmaceuticals Inc quarterly earnings per share for the current quarter are estimated at -$0.68.The EPS is expected to grow by 7.00% this year
297 institutions hold shares in Rocket Pharmaceuticals Inc (RCKT), with institutional investors hold 104.67% of the company’s shares. The shares outstanding are 90.28M, and float is at 83.21M with Short Float at 11.97%. Institutions hold 100.87% of the Float.
The top institutional shareholder in the company is RTW Investments LP with over 17.69 million shares valued at $351.46 million. The investor’s holdings represent 21.97% of the RCKT Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 5.14 million shares valued at $102.18 million to account for 6.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 5.14 million shares representing 6.38% and valued at over $102.05 million, while Vanguard Group Inc holds 5.71% of the shares totaling 4.6 million with a market value of $91.4 million.
Rocket Pharmaceuticals Inc (RCKT) Insider Activity
The most recent transaction is an insider sale by Militello John, the company’s. SEC filings show that Militello John sold 10,000 shares of the company’s common stock on Feb 29 ’24 at a price of $29.84 per share for a total of $0.3 million. Following the sale, the insider now owns 21517.0 shares.
Rocket Pharmaceuticals Inc disclosed in a document filed with the SEC on Feb 29 ’24 that Wilson Martin (General Counsel) sold a total of 4,100 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $29.33 per share for $0.12 million. Following the transaction, the insider now directly holds 18680.0 shares of the RCKT stock.
Still, SEC filings show that on Feb 16 ’24, Shah Gaurav (CEO) disposed off 20,272 shares at an average price of $29.84 for $0.6 million. The insider now directly holds 554,762 shares of Rocket Pharmaceuticals Inc (RCKT).
