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Friday, December 2, 2022

Momentum Is Strong For Rockley Photonics Holdings Limited (NYSE: RKLY)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Rockley Photonics Holdings Limited (RKLY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.0199, or +2.21%, to $0.92. Volume reached 7,333 shares, with price reaching a high of $0.8906 and a low of $0.8906. Earlier, Yahoo Finance discussed this stock as it revealed Rockley Photonics Unveils Next-Generation, Higher-Density Laser Spectrophotometer Chip for Wearable Health Monitoring.

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Stocks Info

This NYSE-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.89 and fluctuated between $0.9200 as its day high and $0.8500 as its day low. The current market capitalization of Rockley Photonics Holdings Limited is $112.63M. A total of 1.01 million shares were traded on the day, compared to an average of 859.58K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RKLY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 25 BUYs and 12 SELLs from insiders. Insiders purchased 1,531,394 shares during that period but sold 58,774.

In the most recent transaction, Blaser Brian J bought 47,060 shares of RKLY for 4.19 per share on Mar 18. After the transaction, the Director now owns 22,000 company shares. In a previous transaction on Mar 15, Nagra Amit sold 5,098 shares at 3.90 per share. RKLY shares that Chief Operating Officer owns now total 473,067.

Among the insiders who sold shares, Karanth Mahesh disposed of 8,261 shares on Mar 15 at a per-share price of $3.90. This resulted in the Chief Financial Officer holding 174,355 shares of RKLY after the transaction. In another insider transaction, Rickman Andrew George sold 12,301 shares at $3.90 per share on Mar 15. Company shares held by the Chief Executive Officer now total 18,025,146.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RKLY in the last 3 months, the mean price target is $5.60 with high estimates of $14.00 and low estimates of $2.00. In terms of 52-week highs and lows, RKLY has a high of $10.90 and a low of $0.90.

As of this writing, RKLY has an earnings estimate of $-0.26 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $-0.22 per share and a lower estimate of $-0.28. The company reported an EPS of $-0.82 in the last quarter, which was -241.67% lower than expectations of $-0.24.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RKLY is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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