Rocket Pharmaceuticals Inc. (NASDAQ:RCKT) went down by -5.24% from its latest closing price compared to the recent 1-year high of $38.81. The company’s stock price has collected -18.07% of loss in the last five trading sessions.
Is It Worth Investing in Rocket Pharmaceuticals Inc. (NASDAQ :RCKT) Right Now?
Plus, the 36-month beta value for RCKT is at 1.71. Opinions of the stock are interesting as 12 analysts out of 13 who provided ratings for Rocket Pharmaceuticals Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $53.18, which is $38.06 above the current price. RCKT currently public float of 61.26M and currently shorts hold a 14.01% ratio of that float. Today, the average trading volume of RCKT was 915.93K shares.
RCKT’s Market Performance
RCKT stocks went down by -18.07% for the week, with a monthly drop of -0.15% and a quarterly performance of 33.66%, while its annual performance rate touched -61.64%. The volatility ratio for the week stands at 8.57% while the volatility levels for the past 30 days are set at 8.33% for Rocket Pharmaceuticals Inc. The simple moving average for the period of the last 20 days is -13.96% for RCKT stocks with a simple moving average of -24.56% for the last 200 days.
Analysts’ Opinion of RCKT
Many brokerage firms have already submitted their reports for RCKT stocks, with Raymond James repeating the rating for RCKT by listing it as a “Outperform.” The predicted price for RCKT in the upcoming period, according to Raymond James is $22 based on the research report published on July 08th of the current year 2022.
Stifel gave a rating of “Buy” to RCKT, setting the target price at $64 in the report published on March 02nd of the previous year.
RCKT Trading at 2.02% 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 -64.60% of loss for the given period.
Volatility was left at 8.33%, however, over the last 30 days, the volatility rate increased by 8.57%, as shares sank -4.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.23% upper at present.
During the last 5 trading sessions, RCKT fell by -18.07%, which changed the moving average for the period of 200-days by -50.98% in comparison to the 20-day moving average, which settled at $15.93. In addition, Rocket Pharmaceuticals Inc. saw -37.06% in overturn over a single year, with a tendency to cut further losses.
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.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.69.