There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Rocket Pharmaceuticals Inc (RCKT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -1.07%, to $20.25. The Rocket Pharmaceuticals Inc has recorded 35,098 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rocket Pharmaceuticals Reports Third Quarter 2023 Financial Results and Highlights Recent Progress.
As a NASDAQ listed company, RCKT falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $20.47 and fluctuated between $20.56 as its day high and $19.76 as its day low. The current market capitalization of Rocket Pharmaceuticals Inc is $1.65B. A total of 0.65 million shares were traded on the day, compared to an average of 1.26M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RCKT has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 1,012,693 and the disposition of 1,021,574 shares. Over the last 12 months, there were 16 BUYs and 15 SELLs from insiders. Insiders purchased 1,697,628 shares during that period but sold 1,047,181.
In the most recent transaction, Militello John sold 564 shares of RCKT for 17.06 per share on Oct 20. After the transaction, the insider now owns 8,760 company shares. In a previous transaction on Sep 29, Makker Gotham sold 4,677 shares at 21.14 per share. RCKT shares that Director owns now total 1,316,497.
Among the insiders who sold shares, Makker Gotham disposed of 10,312 shares on Sep 28 at a per-share price of $21.03. This resulted in the Director holding 1,321,174 shares of RCKT after the transaction. In another insider transaction, Shah Gaurav sold 4,767 shares at $15.47 per share on Aug 17. Company shares held by the CEO now total 524,854.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RCKT in the last 3 months, the mean price target is $51.82 with high estimates of $65.00 and low estimates of $39.00. In terms of 52-week highs and lows, RCKT has a high of $24.65 and a low of $14.89.
As of this writing, RCKT has an earnings estimate of -$0.81 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.65 per share and a lower estimate of -$0.93. The company reported an EPS of -$0.73 in the last quarter, which was 14.10% higher than expectations of -$0.85.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RCKT’s latest balance sheet shows that the firm has $388.74M in Cash & Short Term Investments as of fiscal 2021. There were $22.60M in debt and $22.17M in liabilities at the time. Its Book Value Per Share was $5.00, while its Total Shareholder’s Equity was $454.72M.
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, 0 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 RCKT is Buy with a score of 4.92.