Rhythm Pharmaceuticals Inc. [RYTM] stock is trading at $53.89, up 3.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The RYTM shares have gain 19.92% over the last week, with a monthly amount glided 21.46%, 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.
Rhythm Pharmaceuticals Inc. [RYTM] stock has fluctuated between $16.01 and $52.57 over the past year. 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 $53.89 at the most recent close of the market. An investor can expect a potential drop of -47.43% based on the average RYTM price forecast.
Analyzing the RYTM fundamentals
Rhythm Pharmaceuticals Inc. [NASDAQ:RYTM] reported sales of 91.93M for the trailing twelve months, which represents a growth of 126.41%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.76.
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 51.92 points at the first support level, and at 49.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.89, and for the 2nd resistance point, it is at 55.88.
Ratios To Look Out For
For context, Rhythm Pharmaceuticals Inc.’s Current Ratio is 4.35. On the other hand, the Quick Ratio is 4.20, and the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 35.74, the price to book ratio is 53.35.
Transactions by insiders
Recent insider trading involved Shulman Joseph, Chief Technical Officer, that happened on Jul 12 ’24 when 5313.0 shares were sold. Chief Technical Officer, Shulman Joseph completed a deal on May 09 ’24 to sell 3984.0 shares. Meanwhile, Corporate Controller & CAO German Christopher Paul sold 368.0 shares on Apr 02 ’24.
