Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Rocket Pharmaceuticals Inc (NASDAQ: RCKT) closed the day trading at $9.36 down -6.87% from the previous closing price of $10.05. In other words, the price has decreased by -$6.87 from its previous closing price. On the day, 2.04 million shares were traded.
Ratios:
For a better understanding of RCKT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.05 and its Current Ratio is at 6.05. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Wedbush on December 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $32.
On December 18, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $29.
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 Feb 21 ’25 when Patel Kinnari sold 6,078 shares for $10.58 per share. The transaction valued at 64,305 led to the insider holds 444,103 shares of the business.
Wilson Martin sold 3,222 shares of RCKT for $34,089 on Feb 21 ’25. The General Counsel now owns 150,696 shares after completing the transaction at $10.58 per share. On Feb 21 ’25, another insider, Militello John, who serves as the insider of the company, sold 2,737 shares for $10.58 each. As a result, the insider received 28,957 and left with 65,757 shares of the company.
Stock Price History:
Over the past 52 weeks, RCKT has reached a high of $31.47, while it has fallen to a 52-week low of $9.33. The 50-Day Moving Average of the stock is -15.79%, while the 200-Day Moving Average is calculated to be -45.98%.
Shares Statistics:
A total of 106.34M shares are outstanding, with a floating share count of 98.65M. Insiders hold about 7.23% of the company’s shares, while institutions hold 101.41% stake in the company.
