During the last session, Rockwell Medical Inc (NASDAQ:RMTI)’s traded shares were 0.32 million, with the beta value of the company hitting 1.50. At the end of the trading day, the stock’s price was $3.79, reflecting an intraday gain of 3.84% or $0.14. The 52-week high for the RMTI share is $4.57, that puts it down -20.58 from that peak though still a striking 69.39% gain since the share price plummeted to a 52-week low of $1.16. The company’s market capitalization is $117.60M, and the average intraday trading volume over the past 10 days was 0.36 million shares, and the average trade volume was 539.65K shares over the past three months.
Rockwell Medical Inc (RMTI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RMTI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.01.
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Rockwell Medical Inc (NASDAQ:RMTI) trade information
Rockwell Medical Inc (RMTI) registered a 3.84% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.84% in intraday trading to $3.79, hitting a weekly high. The stock’s 5-day price performance is 1.07%, and it has moved by 6.46% in 30 days. Based on these gigs, the overall price performance for the year is 104.86%. The short interest in Rockwell Medical Inc (NASDAQ:RMTI) is 0.82 million shares and it means that shorts have 1.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 57.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, RMTI is trading at a discount of -137.47% off the target high and -137.47% off the low.
Rockwell Medical Inc (RMTI) estimates and forecasts
Statistics show that Rockwell Medical Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rockwell Medical Inc (RMTI) shares have gone up 139.87% during the last six months, with a year-to-date growth rate more than the industry average at 82.35% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 114.30% this quarter and then jump 120.00% in the quarter after that. In the rating firms’ projections, revenue will increase 19.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 26.5M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 25.16M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 23.77M and 22.09M respectively. In this case, analysts expect current quarter sales to grow by 11.50% and then jump by 13.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.20%. While earnings are projected to return 91.67% in 2024, the next five years will return 38.00% per annum.
RMTI Dividends
Rockwell Medical Inc is due to release its next quarterly earnings on 2024-Nov-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rockwell Medical Inc (NASDAQ:RMTI)’s Major holders
Rockwell Medical Inc insiders own 12.33% of total outstanding shares while institutional holders control 21.28%, with the float percentage being 24.27%. ARMISTICE CAPITAL, LLC is the largest shareholder of the company, while 41.0 institutions own stock in it. As of 2024-06-30, the company held over 3.22 million shares (or 10.9852% of all shares), a total value of $5.67 million in shares.
The next largest institutional holding, with 1.12 million shares, is of VANGUARD GROUP INC’s that is approximately 3.8131% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.97 million.
