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The price of Rockwell Medical Inc (NASDAQ: RMTI) closed at $3.04 in the last session, down -2.88% from day before closing price of $3.13. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 0.5 million shares were traded. RMTI stock price reached its highest trading level at $3.13 during the session, while it also had its lowest trading level at $2.92.
Ratios:
We take a closer look at RMTI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.50.
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, Piper Jaffray on June 24, 2019, initiated with a Overweight rating and assigned the stock a target price of $10.
On May 13, 2019, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $11.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RMTI now has a Market Capitalization of 96489904 and an Enterprise Value of 96845864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 4.01. Its current Enterprise Value per Revenue stands at 1.026 whereas that against EBITDA is -109.43.
Stock Price History:
Over the past 52 weeks, RMTI has reached a high of $3.43, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is 37.53%, while the 200-Day Moving Average is calculated to be 71.92%.
Shares Statistics:
According to the various share statistics, RMTI traded on average about 286.15K shares per day over the past 3-months and 579970 shares per day over the past 10 days. A total of 29.13M shares are outstanding, with a floating share count of 27.35M. Insiders hold about 11.86% of the company’s shares, while institutions hold 20.22% stake in the company. Shares short for RMTI as of 1723680000 were 429508 with a Short Ratio of 1.50, compared to 1721001600 on 596827. Therefore, it implies a Short% of Shares Outstanding of 429508 and a Short% of Float of 1.39.
