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The closing price of Rocket Pharmaceuticals Inc (NASDAQ: RCKT) was $19.20 for the day, up 1.21% from the previous closing price of $18.97. In other words, the price has increased by $1.21 from its previous closing price. On the day, 0.77 million shares were traded. RCKT stock price reached its highest trading level at $19.24 during the session, while it also had its lowest trading level at $18.7099.
Ratios:
Our analysis of RCKT’s different ratios will help us gain a deeper understanding of the company. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 02, 2024, initiated with a Neutral rating and assigned the stock a target price of $39.
On October 24, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $65.
On February 01, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $45.Morgan Stanley initiated its Overweight rating on February 01, 2023, with a $45 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 ’24 when Militello John bought 1,064 shares for $18.50 per share.
Patel Kinnari bought 3,989 shares of RCKT for $73,810 on Aug 16 ’24. On Aug 16 ’24, another insider, Wilson Martin, who serves as the Officer of the company, bought 1,027 shares for $18.50 each.
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 1746737408 and an Enterprise Value of 1493709440.
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 $14.89. The 50-Day Moving Average of the stock is -12.08%, while the 200-Day Moving Average is calculated to be -22.07%.
Shares Statistics:
RCKT traded an average of 840.49K shares per day over the past three months and 739550 shares per day over the past ten days. A total of 90.28M shares are outstanding, with a floating share count of 83.73M. Insiders hold about 7.96% of the company’s shares, while institutions hold 97.93% stake in the company. Shares short for RCKT as of 1722384000 were 10533156 with a Short Ratio of 12.53, compared to 1719532800 on 8407169. Therefore, it implies a Short% of Shares Outstanding of 10533156 and a Short% of Float of 24.59.
