In the past week, RCKY stock has gone up by 20.68%, with a monthly gain of 23.47% and a quarterly surge of 18.26%. The volatility ratio for the week is 6.46%, and the volatility levels for the last 30 days are 4.42% for Rocky Brands, Inc The simple moving average for the past 20 days is 24.49% for RCKY’s stock, with a 42.53% simple moving average for the past 200 days.
Is It Worth Investing in Rocky Brands, Inc (NASDAQ: RCKY) Right Now?
Rocky Brands, Inc (NASDAQ: RCKY) has a price-to-earnings ratio that is above its average at 23.49x. The stock has a 36-month beta value of 1.97. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for RCKY is 6.87M, and at present, short sellers hold a 4.02% of that float. On May 02, 2024, the average trading volume of RCKY was 26.47K shares.
RCKY) stock’s latest price update
The stock price of Rocky Brands, Inc (NASDAQ: RCKY) has jumped by 28.41 compared to previous close of 25.77. Despite this, the company has seen a gain of 20.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Rocky Brands (RCKY) first-quarter 2024 results reflect robust business momentum and gains from restructuring initiatives, which aids cost-savings and leads to better advertising programs.
Analysts’ Opinion of RCKY
Many brokerage firms have already submitted their reports for RCKY stocks, with B. Riley Securities repeating the rating for RCKY by listing it as a “Neutral.” The predicted price for RCKY in the upcoming period, according to B. Riley Securities is $28 based on the research report published on March 30, 2023 of the previous year 2023.
BTIG Research gave a rating of “Buy” to RCKY, setting the target price at $79 in the report published on July 27th of the previous year.
RCKY Trading at 23.52% from the 50-Day Moving Average
After a stumble in the market that brought RCKY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.19% of gains for the given period.
Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 6.46%, as shares surge +23.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.00% upper at present.
During the last 5 trading sessions, RCKY rose by +20.68%, which changed the moving average for the period of 200-days by +50.89% in comparison to the 20-day moving average, which settled at $26.90. In addition, Rocky Brands, Inc saw 9.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RCKY starting from BROOKS MIKE, who sale 4,000 shares at the price of $29.27 back on Dec 13 ’23. After this action, BROOKS MIKE now owns 224,170 shares of Rocky Brands, Inc, valued at $117,080 using the latest closing price.
Moore Robert Burton Jr., the Director of Rocky Brands, Inc, sale 4,000 shares at $31.11 during a trade that took place back on Dec 11 ’23, which means that Moore Robert Burton Jr. is holding 28,258 shares at $124,459 based on the most recent closing price.
Stock Fundamentals for RCKY
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.39 for the gross margin
The net margin for Rocky Brands, Inc stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 4.75, with 1.92 for asset returns.
Based on Rocky Brands, Inc (RCKY), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 1.55.
Currently, EBITDA for the company is 50.6 million with net debt to EBITDA at 4.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 5.69for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.61.
Conclusion
To sum up, Rocky Brands, Inc (RCKY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
