In last trading session, Rockley Photonics Holdings Limited (NYSE:RKLY) saw 0.47 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.27 trading at -$0.01 or -2.75% at ring of the bell on the day assigns it a market valuation of $36.65M. That closing price of RKLY’s stock is at a discount of -2444.44% from its 52-week high price of $6.87 and from its 52-week low price of $0.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.1 million shares which gives us an average trading volume of 744.81K if we extend that period to 3-months.
Rockley Photonics Holdings Limited (NYSE:RKLY) trade information
Upright in the red during last session for losing -2.75%, in the last five days RKLY remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.27 price level, adding 18.67% to its value on the day. Rockley Photonics Holdings Limited’s shares saw a change of -93.74% in year-to-date performance and have moved -14.80% in past 5-day. Rockley Photonics Holdings Limited (NYSE:RKLY) showed a performance of -56.47% in past 30-days. Number of shares sold short was 8.42 million shares which calculate 12.79 days to cover the short interests.
Rockley Photonics Holdings Limited (RKLY) estimates and forecasts
Statistics highlight that Rockley Photonics Holdings Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -90.58% of value to its shares in past 6 months, showing an annual growth rate of 13.01% while that of industry is 7.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 53.70% in the current quarter and calculating -91.70% decrease in the next quarter. This year revenue growth is estimated to rise 9.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.5 million for the same. And 5 analysts are in estimates of company making revenue of $5.01 million in the next quarter that will end on Dec 2022. Company posted $2.2 million and $2.41 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -31.80% while estimating it to be 108.10% for the next quarter.
Rockley Photonics Holdings Limited is more likely to be releasing its next quarterly report on August 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Rockley Photonics Holdings Limited (NYSE:RKLY)’s Major holders
Insiders are in possession of 24.57% of company’s total shares while institution are holding 21.15 percent of that, with stock having share float percentage of 28.03%. Investors also watch the number of corporate investors in a company very closely, which is 21.15% institutions for Rockley Photonics Holdings Limited that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at RKLY for having 5.83 million shares of worth $12.71 million. And as of Jun 29, 2022, it was holding 4.41% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.8 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 1.36% of outstanding shares, having a total worth of $3.92 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 2.0 million shares of worth $1.42 million or 1.51% of the total outstanding shares. The later fund manager was in possession of 1.24 million shares on Jun 29, 2022, making its stake of worth around $2.7 million in the company or a holder of 0.94% of company’s stock.