Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Rocket Pharmaceuticals Inc (NASDAQ: RCKT) was $23.63 for the day, down -0.17% from the previous closing price of $23.67. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 0.92 million shares were traded. RCKT stock price reached its highest trading level at $24.24 during the session, while it also had its lowest trading level at $23.305.
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 7.80 and its Current Ratio is at 7.80. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
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 Apr 22 ’24 when Militello John sold 833 shares for $22.87 per share. The transaction valued at 19,051 led to the insider holds 54,406 shares of the business.
SOUTHWELL DAVID P sold 10,000 shares of RCKT for $240,520 on Apr 15 ’24. The Director now owns 114,784 shares after completing the transaction at $24.05 per share. On Apr 12 ’24, another insider, SOUTHWELL DAVID P, who serves as the Director of the company, sold 70,000 shares for $24.36 each. As a result, the insider received 1,705,265 and left with 95,160 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 2142234240 and an Enterprise Value of 1790482432.
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 -12.52%, while the 200-Day Moving Average is calculated to be 2.57%.
Shares Statistics:
RCKT traded an average of 712.20K shares per day over the past three months and 677000 shares per day over the past ten days. A total of 90.28M shares are outstanding, with a floating share count of 83.98M. Insiders hold about 7.21% of the company’s shares, while institutions hold 97.17% stake in the company. Shares short for RCKT as of 1711584000 were 10517069 with a Short Ratio of 14.77, compared to 1709164800 on 9961944. Therefore, it implies a Short% of Shares Outstanding of 10517069 and a Short% of Float of 15.14.
