Rockwell Medical Inc. (NASDAQ:RMTI) went down by -34.29% from its latest closing price compared to the recent 1-year high of $1.06. The company’s stock price has collected -7.01% of loss in the last five trading sessions.
Is It Worth Investing in Rockwell Medical Inc. (NASDAQ :RMTI) Right Now?
Plus, the 36-month beta value for RMTI is at 1.09.
The average price from analysts is $3.00, which is $3.79 above the current price. RMTI currently public float of 84.93M and currently shorts hold a 2.31% ratio of that float. Today, the average trading volume of RMTI was 389.09K shares.
RMTI’s Market Performance
RMTI stocks went down by -7.01% for the week, with a monthly drop of -15.82% and a quarterly performance of -14.67%, while its annual performance rate touched -65.19%. The volatility ratio for the week stands at 12.06% while the volatility levels for the past 30 days are set at 10.35% for Rockwell Medical Inc.. The simple moving average for the period of the last 20 days is -38.10% for RMTI stocks with a simple moving average of -55.76% for the last 200 days.
Analysts’ Opinion of RMTI
Many brokerage firms have already submitted their reports for RMTI stocks, with Piper Jaffray repeating the rating for RMTI by listing it as a “Overweight.” The predicted price for RMTI in the upcoming period, according to Piper Jaffray is $10 based on the research report published on June 24th of the previous year 2019.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see RMTI reach a price target of $11. The rating they have provided for RMTI stocks is “Buy” according to the report published on May 13th, 2019.
RMTI Trading at -42.78% from the 50-Day Moving Average
After a stumble in the market that brought RMTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.17% of loss for the given period.
Volatility was left at 10.35%, however, over the last 30 days, the volatility rate increased by 12.06%, as shares sank -40.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.26% lower at present.
During the last 5 trading sessions, RMTI fell by -28.09%, which changed the moving average for the period of 200-days by -68.30% in comparison to the 20-day moving average, which settled at $0.3316. In addition, Rockwell Medical Inc. saw -21.98% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RMTI
Current profitability levels for the company are sitting at:
- -48.98 for the present operating margin
- -3.91 for the gross margin
The net margin for Rockwell Medical Inc. stands at -52.76. Equity return is now at value -144.60, with -48.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.