Rockwell Medical Inc [NASDAQ: RMTI] loss -0.54% or -0.01 points to close at $1.85 with a heavy trading volume of 186957 shares.
The daily chart for RMTI points out that the company has recorded -21.61% loss over the past six months.
If we look at the average trading volume of 498.97K shares, RMTI reached to a volume of 186957 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Rockwell Medical Inc [RMTI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RMTI shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RMTI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rodman & Renshaw have made an estimate for Rockwell Medical Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2024. While these analysts kept the previous recommendation, Piper Jaffray raised their target price to Overweight. The new note on the price target was released on June 24, 2019, representing the official price target for Rockwell Medical Inc stock. Previously, the target price had yet another raise to $11, while H.C. Wainwright analysts kept a Buy rating on RMTI stock.
The Average True Range (ATR) for Rockwell Medical Inc is set at 0.11, with the Price to Sales ratio for RMTI stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 2.05, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for RMTI in the course of the last twelve months was 22.73 with Quick ratio for the last quarter at 2.00.
Trading performance analysis for RMTI stock
Rockwell Medical Inc [RMTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.63. With this latest performance, RMTI shares dropped by -11.48% in over the last four-week period, additionally sinking by -21.61% over the last 6 months – not to mention a rise of 43.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RMTI stock in for the last two-week period is set at 36.71, with the RSI for the last a single of trading hit 34.46, and the three-weeks RSI is set at 38.32 for Rockwell Medical Inc [RMTI]. The present Moving Average for the last 50 days of trading for this stock 2.0815, while it was recorded at 1.8380 for the last single week of trading, and 2.4727 for the last 200 days.
Rockwell Medical Inc [RMTI]: A deeper dive into fundamental analysis
Rockwell Medical Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.41.
Rockwell Medical Inc [RMTI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RMTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rockwell Medical Inc go to 42.07%.
An analysis of Institutional ownership at Rockwell Medical Inc [RMTI]
There are presently around $25.70%, or 29.49%% of RMTI stock, in the hands of institutional investors. The top three institutional holders of RMTI stocks are: ARMISTICE CAPITAL, LLC with ownership of 3.22 million shares, which is approximately 10.5795%. VANGUARD GROUP INC, holding 1.12 million shares of the stock with an approximate value of $$1.97 million in RMTI stocks shares; and VANGUARD GROUP INC, currently with $$0.62 million in RMTI stock with ownership which is approximately 1.1507%.
