Rockley Photonics Holdings Limited (NYSE: RKLY) Drops -141.34% From Highs, What Happens Next? – Marketing Sentinel
Home  »  Business   »  Rockley Photonics Holdings Limited (NYSE: RKLY) Dr...

Rockley Photonics Holdings Limited (NYSE: RKLY) Drops -141.34% From Highs, What Happens Next?

Rockley Photonics Holdings Limited (NYSE:RKLY)’s traded shares stood at 0.74 million during the last session. At the close of trading, the stock’s price was $7.04, to imply a decrease of -2.09% or -$0.15 in intraday trading. The RKLY share’s 52-week high remains $16.99, putting it -141.34% down since that peak but still an impressive 3.27% since price per share fell to its 52-week low of $6.81. The company has a valuation of $886.48M, with an average of 0.75 million shares in intraday trading volume over the past 10 days and average of 747.53K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Rockley Photonics Holdings Limited (RKLY), translating to a mean rating of 1.70. Of 4 analyst(s) looking at the stock, 0 analyst(s) give RKLY a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.21.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored

Rockley Photonics Holdings Limited (NYSE:RKLY) trade information

After registering a -2.09% downside in the last session, Rockley Photonics Holdings Limited (RKLY) has traded red over the past five days. The stock hit a weekly high of 8.09 this Friday, 10/08/21, dropping -2.09% in its intraday price action. The 5-day price performance for the stock is -6.75%, and -30.57% over 30 days. With these gigs, the year-to-date price performance is -31.32%. Short interest in Rockley Photonics Holdings Limited (NYSE:RKLY) saw shorts transact 1.26 million shares and set a 1.44 days time to cover.

Analysts on Wall Street suggest a consensus price target of $17.00, implying an increase of 58.59% to the stock’s current value. The extremes give us $14.00 and $22.00 for target low and target high price respectively. As such, RKLY has been trading -212.5% off suggested target high and -98.86% from its likely low.

Rockley Photonics Holdings Limited (RKLY) estimates and forecasts

Looking at statistics comparing Rockley Photonics Holdings Limited share performance against respective industry, we note that the company has underperformed competitors. Rockley Photonics Holdings Limited (RKLY) shares are -29.88% down over the last 6 months, with its year-to-date growth rate lower than industry average at -2,050.00% against 30.20%.

Revenue forecast for the current quarter as set by 2 analysts is $2.1 million. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $14.93 million.

RKLY Dividends

Rockley Photonics Holdings Limited has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rockley Photonics Holdings Limited has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Rockley Photonics Holdings Limited (NYSE:RKLY)’s Major holders

Rockley Photonics Holdings Limited insiders hold 26.68% of total outstanding shares, with institutional holders owning 6.64% of the shares at 9.06% float percentage. In total, 6.64% institutions holds shares in the company.

>> 7 Top Picks for the Post-Pandemic Economy <<

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam