Rocket Pharmaceuticals Inc (RCKT) saw an uptrend of 23.05% in the recent trading with $4.27 being its most recent. The current price level -77.40% lower than the highest price of $18.89 marked by the stock while trading over the past 52-weeks, whereas it is 94.98% higher than the lowest price of $2.19 the company dropped to over past 52-weeks. The latest news story on RCKT appeared in (Business Wire) under the title “Rocket Pharmaceuticals Announces FDA Acceptance of BLA Resubmission of KRESLADI for the Treatment of Severe Leukocyte Adhesion Deficiency-I (LAD-I)”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.12 for the stock.
Rocket Pharmaceuticals Inc Earnings – What Happened With RCKT
Coming around sales and income figures on RCKT Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rocket Pharmaceuticals Inc (RCKT) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 5.33% for net revenue.
RCKT – Rocket Pharmaceuticals Inc Stock Earnings Estimates
The perspective of Rocket Pharmaceuticals Inc (NASDAQ:RCKT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.75 for stock’s EPS in the current quarter. Rocket Pharmaceuticals Inc (RCKT) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 5.33% for net revenue. Company’s EPS for the last quarter was -0.71.
Rocket Pharmaceuticals Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 107.88 million. RCKT does have institutional investors; and they hold 85.83% of the stock.
As on 2024-06-30, RTW INVESTMENTS, LP was the top most holder in Rocket Pharmaceuticals Inc (NASDAQ:RCKT) with an ownership of 17.69 million shares of the company or 18.8677 of the stake worth $380.82 million. The filing also reveals WELLINGTON MANAGEMENT GROUP LLP as the second largest holder in the company with a control over 9.7665 of the outstanding shares. Its stake is worth $197.12 million for having 9.16 million shares in hand.
BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 6.6057 of the outstanding shares. With this there are now 274.0 institutions which have possession in RCKT’s shares.
Key Metrics for RCKT
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Rocket Pharmaceuticals Inc has a debt to equity ratio of 0.07.
