At the time of writing, Rhythm Pharmaceuticals Inc. [RYTM] stock is trading at $46.60, up 5.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RYTM shares have gain 14.19% over the last week, with a monthly amount glided 13.63%, 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 May 08, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $42 from $49. Previously, Morgan Stanley upgraded its rating to Overweight on December 19, 2023, and elevated its price target to $55. On August 01, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $27 on the stock. Goldman upgraded its rating to a Buy but $28 remained the price target by the analyst firm on August 08, 2022. BofA Securities upgraded its rating to Neutral for this stock on August 05, 2022, and upped its price target to $20. In a note dated June 17, 2022, Needham reiterated an Buy rating on this stock and revised its target price from $40 to $25.
For the past year, the stock price of Rhythm Pharmaceuticals Inc. fluctuated between $15.61 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 $46.60 at the most recent close of the market. An investor can expect a potential drop of -39.21% based on the average RYTM price forecast.
Analyzing the RYTM fundamentals
According to Rhythm Pharmaceuticals Inc. [NASDAQ:RYTM], the company’s sales were 91.93M for trailing twelve months, which represents an 126.41% jump. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -2.96%, Pretax Profit Margin comes in at -2.97%, and Net Profit Margin reading is -2.98%. To continue investigating profitability, this company’s Return on Assets is posted at -1.06, Equity is -1.79 and Total Capital is -1.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.76.
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 45.28 points at the first support level, and at 43.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.34, and for the 2nd resistance point, it is at 48.09.
Ratios To Look Out For
It is important to note that Rhythm Pharmaceuticals Inc. [NASDAQ:RYTM] has a current ratio of 4.35. In addition, the Quick Ratio stands at 4.20 and the Cash Ratio stands at 0.99. Considering the valuation of this stock, the price to sales ratio is 30.91, the price to book ratio is 46.13.
Transactions by insiders
Recent insider trading involved Shulman Joseph, Chief Technical Officer, that happened on May 09 ’24 when 3984.0 shares were sold. Corporate Controller & CAO, German Christopher Paul completed a deal on Apr 02 ’24 to sell 368.0 shares. Meanwhile, Chief Technical Officer Shulman Joseph sold 18235.0 shares on Mar 21 ’24.
