Rockwell Medical Inc (NASDAQ:RMTI) price on current trading day, fall -19.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.42.
A look at the stock’s price movement, the level at last check in today’s session was $1.76, moving within a range at $1.33 and $1.52. The beta value (5-Year monthly) was 1.558. Turning to its 52-week performance, $5.15 and $1.42 were the 52-week high and 52-week low respectively. Overall, RMTI moved -23.24% over the past month.
Rockwell Medical Inc’s market cap currently stands at around $45.89 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RMTI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend RMTI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RMTI’s current price about -13.81% and -24.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.21, while 7-day volatility ratio is 6.56% and 6.41% in the 30-day chart. Further, Rockwell Medical Inc (RMTI) has a beta value of 1.45, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -533.8% off recent price level in today’s trading while to achieve the yearly target high, it has to move -533.8%. Nonetheless, investors will most likely welcome a -533.8% jump to $9 which is the analysts’ median price.
If we refocus on Rockwell Medical Inc (NASDAQ:RMTI), historical trading data shows that trading volumes averaged 0.2 over the past 10 days and 258.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.32 million shares.
The 13.25% of Rockwell Medical Inc’s shares are in the hands of company insiders while institutional holders own 25.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.46 million on 2025-02-28, giving us a short ratio of 1.89. The data shows that as of 2025-02-28 short interest in Rockwell Medical Inc (RMTI) stood at 143.0 of shares outstanding, with shares short falling to 0.5 million registered in 2025-01-31. Current price change has pushed the stock -30.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RMTI stock continues to rise going into the next quarter.
