With 5.9 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.43 million shares. The 52-week range on RCKT shows that it touched its highest point at $26.98 and its lowest point at $4.55 during that stretch. It currently has a 1-year price target of $39.20. Beta for the stock currently stands at 0.96.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RCKT was down-trending over the past week, with a drop of -13.32%, but this was up by 23.24% over a month. Three-month performance dropped to -43.05% while six-month performance fell -62.10%. The stock lost -72.29% in the past year, while it has lost -49.80% so far this year. A look at the trailing 12-month EPS for RCKT yields -2.73 with Next year EPS estimates of -1.66. For the next quarter, that number is -0.59. This implies an EPS growth rate of 10.72% for this year and 31.80% for next year. EPS is expected to grow by 60.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.60%.
Float and Shares Shorts:
At present, 106.45 million RCKT shares are outstanding with a float of 99.07 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RCKT since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.64433 being high and -$2.81932 being low. For RCKT, this leads to a yearly average estimate of -$2.75127.
