In last trading session, Rockwell Medical Inc (NASDAQ:RMTI) saw 0.56 million shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $3.66 trading at -$0.11 or -2.92% at ring of the bell on the day assigns it a market valuation of $113.57M. That closing price of RMTI’s stock is at a discount of -24.86% from its 52-week high price of $4.57 and is indicating a premium of 68.31% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 443.01K if we extend that period to 3-months.
For Rockwell Medical Inc (RMTI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
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Rockwell Medical Inc (NASDAQ:RMTI) trade information
Upright in the red during last session for losing -2.92%, in the last five days RMTI remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $3.66 price level, adding 17.38% to its value on the day. Rockwell Medical Inc’s shares saw a change of 93.65% in year-to-date performance and have moved -16.82% in past 5-day. Rockwell Medical Inc (NASDAQ:RMTI) showed a performance of 20.79% in past 30-days. Number of shares sold short was 0.4 million shares which calculate 0.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 59.33% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -145.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -145.9% for stock’s current value.
Rockwell Medical Inc (RMTI) estimates and forecasts
Statistics highlight that Rockwell Medical Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 120.48% of value to its shares in past 6 months, showing an annual growth rate of 82.35% while that of industry is 12.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.80% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 26.5M for the same. And 2 analysts are in estimates of company making revenue of 25.16M in the next quarter. Company posted 23.77M and 22.09M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.20% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 91.67% while estimates for its earnings growth in next 5 years are of 38.00%.
Rockwell Medical Inc (NASDAQ:RMTI)’s Major holders
Insiders are in possession of 11.84% of company’s total shares while institution are holding 20.77 percent of that, with stock having share float percentage of 23.56%. Investors also watch the number of corporate investors in a company very closely, which is 20.77% institutions for Rockwell Medical Inc that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at RMTI for having 3.22 million shares of worth $5.67 million. And as of 2024-06-30, it was holding 10.9852 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.8131 of outstanding shares, having a total worth of $1.97 million.
