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Wednesday, February 1, 2023

Rockley Photonics Holdings Limited (NYSE: RKLY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Rockley Photonics Holdings Limited (RKLY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0018, or -0.96%, to $0.185. The Rockley Photonics Holdings Limited has recorded 119,204 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Rockley Photonics Receives 2020 UK R&D Tax Credit and Files 2021 R&D Tax Credit Application.

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Stocks Info

RKLY belongs to the Technology sector of the NYSE while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $0.19 and fluctuated between $0.2040 as its day high and $0.1800 as its day low. The current market capitalization of Rockley Photonics Holdings Limited is $26.11M. A total of 1.71 million shares were traded on the day, compared to an average of 1.44M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 17 BUYs and 8 SELLs from insiders. Insiders purchased 825,296 shares during that period but sold 49,156.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RKLY in the last 3 months, the mean price target is $1.50 with high estimates of $2.00 and low estimates of $1.00. In terms of 52-week highs and lows, RKLY has a high of $5.14 and a low of $0.14.

As of this writing, RKLY has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.28. The company reported an EPS of -$0.28 in the last quarter, which was -12.00% lower than expectations of -$0.25.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

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. Currently, 3 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 Buy with a score of 4.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 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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