Rocket Pharmaceuticals Inc (NASDAQ: RCKT)’s stock price has plunge by 2.38relation to previous closing price of 11.75. Nevertheless, the company has seen a 4.07% surge in its stock price over the last five trading sessions. investopedia.com reported 2024-12-18 that Shares of Rocket Pharmaceuticals (RCKT) jumped 5.5% intraday Wednesday as Jefferies initiated coverage of the biotech company with a “buy” rating on optimism about the experimental drugs in its pipeline. Jefferies also set a price target of $29, more than double its current value.
Is It Worth Investing in Rocket Pharmaceuticals Inc (NASDAQ: RCKT) Right Now?
The 36-month beta value for RCKT is at 1.01. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for RCKT is 96.86M, and currently, shorts hold a 11.54% of that float. The average trading volume for RCKT on December 31, 2024 was 1.08M shares.
RCKT’s Market Performance
RCKT stock saw a decrease of 4.07% in the past week, with a monthly decline of -15.28% and a quarterly a decrease of -34.87%. The volatility ratio for the week is 5.43%, and the volatility levels for the last 30 days are 6.08% for Rocket Pharmaceuticals Inc (RCKT). The simple moving average for the last 20 days is -4.24% for RCKT stock, with a simple moving average of -39.54% for the last 200 days.
Analysts’ Opinion of RCKT
Jefferies, on the other hand, stated in their research note that they expect to see RCKT reach a price target of $29. The rating they have provided for RCKT stocks is “Buy” according to the report published on December 18th, 2024.
RCKT Trading at -17.59% 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 -63.01% of loss for the given period.
Volatility was left at 6.08%, however, over the last 30 days, the volatility rate increased by 5.43%, as shares sank -16.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.73% lower at present.
During the last 5 trading sessions, RCKT rose by +4.07%, which changed the moving average for the period of 200-days by -55.90% in comparison to the 20-day moving average, which settled at $12.56. In addition, Rocket Pharmaceuticals Inc saw -59.86% 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 Militello John, who sale 1,224 shares at the price of $13.05 back on Nov 21 ’24. After this action, Militello John now owns 49,310 shares of Rocket Pharmaceuticals Inc, valued at $15,978 using the latest closing price.
Patel Kinnari, the of Rocket Pharmaceuticals Inc, sale 4,588 shares at $13.05 during a trade that took place back on Nov 21 ’24, which means that Patel Kinnari is holding 392,395 shares at $59,892 based on the most recent closing price.
Stock Fundamentals for RCKT
Current profitability levels for the company are sitting at:
- -26.55 for the present operating margin
- 0.05 for the gross margin
The net margin for Rocket Pharmaceuticals Inc stands at -25.03. The total capital return value is set at -0.77. Equity return is now at value -59.27, with -52.01 for asset returns.
Currently, EBITDA for the company is -236.62 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 120.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.05.
Conclusion
In conclusion, Rocket Pharmaceuticals Inc (RCKT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
