With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. The 52-week range on RCKT shows that it touched its highest point at $28.73 and its lowest point at $8.25 during that stretch. It currently has a 1-year price target of $39.86. Beta for the stock currently stands at 0.88.
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 -7.20%, but this was down by -21.98% over a month. Three-month performance dropped to -35.04% while six-month performance fell -50.87%. The stock lost -68.17% in the past year, while it has lost -30.23% so far this year. A look at the trailing 12-month EPS for RCKT yields -2.73 with Next year EPS estimates of -1.57. For the next quarter, that number is -0.61. This implies an EPS growth rate of 19.66% for this year and 28.21% for next year.
Float and Shares Shorts:
At present, 106.45 million RCKT shares are outstanding with a float of 98.97 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. Based on analyst estimates, the high estimate for the next quarter is -$0.5 and the low estimate is -$0.87. The average estimate for the next quarter is thus -$0.62.
