Why Buy stock in Rockwell Medical Inc. (RMTI)? – Marketing Sentinel

Why Buy stock in Rockwell Medical Inc. (RMTI)?

Rockwell Medical Inc. (NASDAQ:RMTI) has a beta value of 1 and has seen 1,103,113 shares traded in the last trading session. The company, currently valued at $90.27 Million, closed the last trade at $0.96 per share which meant it lost -$0.03 on the day or -2.12% during that session. The RMTI stock price is -172.92% off its 52-week high price of $2.62 and 13.54% above the 52-week low of $0.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.42 Million shares traded. The 3-month trading volume is 2.17 Million shares.

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The consensus among analysts is that Rockwell Medical Inc. (RMTI) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.

Rockwell Medical Inc. (NASDAQ:RMTI) trade information

Despite being -2.12% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the RMTI stock price touched $1.0778 or saw a rise of 10.5%. Year-to-date, Rockwell Medical Inc. shares have moved -4.5%, while the 5-day performance has seen it change -9%. Over the past 30 days, the shares of Rockwell Medical Inc. (NASDAQ:RMTI) have changed -13.1%. Short interest in the company has seen 8.92 Million shares shorted with days to cover at 4.11.

Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 446.88% from current levels. The projected low price target is $5 while the price target rests at a high of $5.5. In that case, then, we find that the current price level is +472.92% off the targeted high while a plunge would see the stock lose 420.83% from current levels.

Rockwell Medical Inc. (RMTI) estimates and forecasts

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.2% over the past 5 years. Earnings growth for 2021 is a modest +27.1% while over the next 5 years, the company’s earnings are expected to increase by 38%.

Rockwell Medical Inc. (NASDAQ:RMTI)’s Major holders

Insiders own 2.21% of the company shares, while shares held by institutions stand at 41.82% with a share float percentage of 42.76%. Investors are also buoyed by the number of investors in a company, with Rockwell Medical Inc. having a total of 121 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 4.79 Million shares worth more than $4.84 Million. As of December 30, 2020, Blackrock Inc. held 5.12% of shares outstanding.

The other major institutional holder is Perkins Capital Management Inc., with the holding of over 2.84 Million shares as of March 30, 2021. The firm’s total holdings are worth over $3.29 Million and represent 3.03% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 1.94% shares in the company for having 1814819 shares of worth $2.11 Million while later fund manager owns 1.48 Million shares of worth $1.49 Million as of December 30, 2020, which makes it owner of about 1.58% of company’s outstanding stock.

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