Rocket Pharmaceuticals Inc. (RCKT): Skating on Thin Ice? We Know the Answer – News Heater
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Rocket Pharmaceuticals Inc. (RCKT): Skating on Thin Ice? We Know the Answer

Rocket Pharmaceuticals Inc. (NASDAQ:RCKT) went up by 15.92% from its latest closing price compared to the recent 1-year high of $49.66. The company’s stock price has collected 26.68% of gains in the last five trading sessions.

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RCKT currently public float of 61.26M and currently shorts hold a 13.55% ratio of that float. Today, the average trading volume of RCKT was 747.58K shares.

RCKT’s Market Performance

RCKT stocks went up by 26.68% for the week, with a monthly jump of 28.32% and a quarterly performance of -10.14%, while its annual performance rate touched -67.64%. The volatility ratio for the week stands at 12.06% while the volatility levels for the past 30 days are set at 10.87% for Rocket Pharmaceuticals Inc. The simple moving average for the period of the last 20 days is 20.27% for RCKT stocks with a simple moving average of -31.67% for the last 200 days.

Analysts’ Opinion of RCKT

Stifel, on the other hand, stated in their research note that they expect to see RCKT reach a price target of $64. The rating they have provided for RCKT stocks is “Buy” according to the report published on March 02nd, 2021.

Needham gave a rating of “Buy” to RCKT, setting the target price at $75 in the report published on February 18th of the previous year.

RCKT Trading at 23.56% from the 50-Day Moving Average

After a stumble in the market that brought RCKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.99% of loss for the given period.

Volatility was left at 10.87%, however, over the last 30 days, the volatility rate increased by 12.06%, as shares surge +39.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.31% upper at present.

During the last 5 trading sessions, RCKT rose by +26.68%, which changed the moving average for the period of 200-days by -60.44% in comparison to the 20-day moving average, which settled at $11.76. In addition, Rocket Pharmaceuticals Inc. saw -36.28% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RCKT starting from Schwartz Jonathan David, who sale 45,000 shares at the price of $16.41 back on Mar 30. After this action, Schwartz Jonathan David now owns 179,529 shares of Rocket Pharmaceuticals Inc., valued at $738,652 using the latest closing price.

Shah Gaurav, the CEO of Rocket Pharmaceuticals Inc., purchase 22,000 shares at $17.34 during a trade that took place back on Feb 07, which means that Shah Gaurav is holding 517,639 shares at $381,513 based on the most recent closing price.

Stock Fundamentals for RCKT

Equity return is now at value -37.20, with -34.00 for asset returns.