A share price of Rhythm Pharmaceuticals Inc. [RYTM] is currently trading at $41.43, up 4.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The RYTM shares have gain 4.33% over the last week, with a monthly amount glided 3.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rhythm Pharmaceuticals Inc. [NASDAQ: RYTM] stock has seen the most recent analyst activity on December 19, 2023, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $55 from $29. Previously, BofA Securities upgraded its rating to Buy on August 01, 2023, and elevated its price target to $27. Goldman upgraded its rating to a Buy but stick to its price target of $28 on August 08, 2022. BofA Securities upgraded its rating to a Neutral and raised its price target to $20 on August 05, 2022. Needham reiterated a Buy rating for this stock on June 17, 2022, and downed its price target to $25.
Rhythm Pharmaceuticals Inc. experienced fluctuations in its stock price throughout the past year between $15.50 and $52.57. Currently, Wall Street analysts expect the stock to reach $28.33 within the next 12 months. Rhythm Pharmaceuticals Inc. [NASDAQ: RYTM] shares were valued at $41.43 at the most recent close of the market. An investor can expect a potential drop of -31.62% based on the average RYTM price forecast.
Analyzing the RYTM fundamentals
Trailing Twelve Months sales for Rhythm Pharmaceuticals Inc. [NASDAQ:RYTM] were 77.43M which represents 175.70% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -2.38%, Pretax Profit Margin comes in at -2.38%, and Net Profit Margin reading is -2.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -0.96 and Total Capital is -0.66. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.07 points at the first support level, and at 38.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.50, and for the 2nd resistance point, it is at 43.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rhythm Pharmaceuticals Inc. [NASDAQ:RYTM] is 5.58. On the other hand, the Quick Ratio is 5.43, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 32.18, the price to book ratio is 14.50.
Transactions by insiders
Recent insider trading involved German Christopher Paul, Corporate Controller & CAO, that happened on Apr 02 ’24 when 368.0 shares were sold. Chief Technical Officer, Shulman Joseph completed a deal on Mar 21 ’24 to sell 18235.0 shares. Meanwhile, EVP, Head of North America Lee Jennifer Kayden sold 18235.0 shares on Mar 20 ’24.
