Rockwell Medical Inc [NASDAQ: RMTI] price surged by 2.87 percent to reach at $0.03.
A sum of 111500 shares traded at recent session while its average daily volume was at 250.05K shares. Rockwell Medical Inc shares reached a high of $0.9649 and dropped to a low of $0.91 until finishing in the latest session at $0.94.
The one-year RMTI stock forecast points to a potential upside of 76.5. The average equity rating for RMTI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $4.00 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 0.06, with the Price to Sales ratio for RMTI stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.51. Price to Free Cash Flow for RMTI in the course of the last twelve months was 14.87 with Quick ratio for the last quarter at 2.50.
RMTI Stock Performance Analysis:
Rockwell Medical Inc [RMTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.27. With this latest performance, RMTI shares dropped by -9.62% in over the last four-week period, additionally sinking by -53.92% over the last 6 months – not to mention a drop of -49.19% in the past year of trading.
Insight into Rockwell Medical Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Rockwell Medical Inc [RMTI] shares currently have an operating margin of 0.59% and a Gross Margin at 17.87%. Rockwell Medical Inc’s Net Margin is presently recorded at -0.57%.
Return on Equity for this stock declined to -1.06%, with Return on Assets sitting at -1.06%.
Rockwell Medical Inc [RMTI] Institutonal Ownership Details
There are presently around $20.56%, or 23.55%% 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%.
