Rockwell Medical Inc (NASDAQ:RMTI) shares, rose in value on Thursday, April 16, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.03.
Actively observing the price movement in the last trading, the stock closed the session at $1.03, falling within a range of $1.0 and $1.05. The value of beta (5-year monthly) was 1.621. Referring to stock’s 52-week performance, its high was $5.15, and the low was $0.86. On the whole, RMTI has fluctuated by -41.48% over the past month.
With the market capitalization of Rockwell Medical Inc currently standing at about $35.20 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 67.42M, with a low estimate of 17.12M and a high estimate of 17.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RMTI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of RMTI currently trading nearly -6.73% and -30.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.46, while the 7-day volatility ratio is showing 5.74% which for the 30-day chart, stands at 9.17%. Furthermore, Rockwell Medical Inc (RMTI)’s beta value is 1.62, and its average true range (ATR) is 0.10.
A comparison of Rockwell Medical Inc (RMTI) with its peers suggests the former has fared considerably weaker in the market. RMTI showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -30.87%%.
Data on historical trading for Rockwell Medical Inc (NASDAQ:RMTI) indicates that the trading volumes over the past 10 days have averaged 0.24 and over the past 3 months, they’ve averaged 268.03K. According to company’s latest data on outstanding shares, there are 34.06 million shares outstanding.
Nearly 13.33% of Rockwell Medical Inc’s shares belong to company insiders and institutional investors own 24.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.49 million shares as on 2025-03-31, resulting in a short ratio of 1.61. According to the data, the short interest in Rockwell Medical Inc (RMTI) stood at 146.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.46 million. The stock has fallen by -49.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RMTI stock heading into the next quarter.
