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After finishing at $17.62 in the prior trading day, Rocket Pharmaceuticals Inc (NASDAQ: RCKT) closed at $17.70, up 0.45%. In other words, the price has increased by $0.45 from its previous closing price. On the day, 0.62 million shares were traded. RCKT stock price reached its highest trading level at $18.25 during the session, while it also had its lowest trading level at $17.42.
Ratios:
Our goal is to gain a better understanding of RCKT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.79 and its Current Ratio is at 7.79. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
On April 02, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $39.
On October 24, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $65.Cantor Fitzgerald initiated its Overweight rating on October 24, 2023, with a $65 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 16 ’24 when Militello John sold 1,064 shares for $18.50 per share. The transaction valued at 19,688 led to the insider holds 51,451 shares of the business.
Patel Kinnari sold 3,989 shares of RCKT for $73,812 on Aug 16 ’24. The insider now owns 396,983 shares after completing the transaction at $18.50 per share. On Aug 16 ’24, another insider, Shah Gaurav, who serves as the CEO of the company, sold 9,650 shares for $18.50 each. As a result, the insider received 178,564 and left with 718,419 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCKT now has a Market Capitalization of 1610273536 and an Enterprise Value of 1349967616.
Stock Price History:
Over the past 52 weeks, RCKT has reached a high of $32.53, while it has fallen to a 52-week low of $15.98. The 50-Day Moving Average of the stock is -4.30%, while the 200-Day Moving Average is calculated to be -23.88%.
Shares Statistics:
The stock has traded on average 860.76K shares per day over the past 3-months and 696280 shares per day over the last 10 days, according to various share statistics. A total of 90.28M shares are outstanding, with a floating share count of 83.82M. Insiders hold about 7.87% of the company’s shares, while institutions hold 97.96% stake in the company. Shares short for RCKT as of 1727654400 were 11403110 with a Short Ratio of 13.25, compared to 1724976000 on 10929324. Therefore, it implies a Short% of Shares Outstanding of 11403110 and a Short% of Float of 26.610001999999998.
