Rocket Pharmaceuticals Inc [RCKT] stock prices are up 13.54% to $21.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RCKT shares have gain 11.28% over the last week, with a monthly amount glided 14.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rocket Pharmaceuticals Inc [NASDAQ: RCKT] stock has seen the most recent analyst activity on April 02, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $39. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on October 24, 2023, and set its price target to $65. On February 01, 2023, Morgan Stanley initiated with a Overweight rating and assigned a price target of $45 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $53 on November 08, 2022. BTIG Research initiated its recommendation with a Buy and recommended $35 as its price target on November 01, 2022. Raymond James started tracking with a Outperform rating for this stock on July 08, 2022, and assigned it a price target of $22.
The stock price of Rocket Pharmaceuticals Inc [RCKT] has been fluctuating between $16.55 and $32.53 over the past year. Currently, Wall Street analysts expect the stock to reach $46.75 within the next 12 months. Rocket Pharmaceuticals Inc [NASDAQ: RCKT] shares were valued at $21.80 at the most recent close of the market. An investor can expect a potential return of 114.45% based on the average RCKT price forecast.
Analyzing the RCKT fundamentals
Gross Profit Margin for this corporation currently stands at -0.12% with Operating Profit Margin at -26.16%, Pretax Profit Margin comes in at -24.56%, and Net Profit Margin reading is -24.56%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -0.54 and Total Capital is -0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 20.02 points at the first support level, and at 18.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.80, and for the 2nd resistance point, it is at 23.79.
Ratios To Look Out For
It’s worth pointing out that Rocket Pharmaceuticals Inc [NASDAQ:RCKT]’s Current Ratio is 7.79. On the other hand, the Quick Ratio is 7.79, and the Cash Ratio is 1.03.
Transactions by insiders
Recent insider trading involved Militello John, that happened on Aug 16 ’24 when 1064.0 shares were sold., Patel Kinnari completed a deal on Aug 16 ’24 to sell 3989.0 shares. Meanwhile, CEO Shah Gaurav sold 9650.0 shares on Aug 16 ’24.
