NASDAQ:RMTI

Rockwell Medical (RMTI) Stock Forecast, Price & News

$2.08

+0.08 (+4.00%)

(As of 09/29/2023 ET)

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Today's Range: $2.03
▼
$2.19
50-Day Range: $1.83
▼
$3.61
52-Week Range: $0.84
▼
$6.24

Volume: 301,639 shs
Average Volume: 298,715 shs
Market Capitalization: $59.26 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.00

Rockwell Medical MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 428.8% Upside
$11.00 Price Target
Short Interest: Healthy
3.56% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.35
Upright™ Environmental Score
News Sentiment: 0.80
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.43) to ($0.05) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Medical Sector

235th out of 970 stocks

Pharmaceutical Preparations Industry

91st out of 449 stocks

3.5

Analyst's Opinion

Consensus Rating
Rockwell Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.00, Rockwell Medical has a forecasted upside of 428.8% from its current price of $2.08.
Amount of Analyst Coverage
Rockwell Medical has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.56% of the float of Rockwell Medical has been sold short.
Short Interest Ratio / Days to Cover
Rockwell Medical has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Rockwell Medical has recently decreased by 20.64%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Rockwell Medical does not currently pay a dividend.
Dividend Growth
Rockwell Medical does not have a long track record of dividend growth.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Rockwell Medical has received a 58.29% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is false driven by its "Iron deficiency medication" and "Clinical research services for deficiency diseases" products. See details.
Environmental Sustainability
The Environmental Impact score for Rockwell Medical is -2.35.

2.7

News and Social Media Coverage

News Sentiment
Rockwell Medical has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Rockwell Medical this week, compared to 1 article on an average week.
Search Interest
Only 5 people have searched for RMTI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Rockwell Medical to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rockwell Medical insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Rockwell Medical is held by insiders.
Percentage Held by Institutions
Only 22.07% of the stock of Rockwell Medical is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rockwell Medical are expected to grow in the coming year, from ($0.43) to ($0.05) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rockwell Medical is -2.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rockwell Medical is -2.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Rockwell Medical has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rockwell Medical (NASDAQ:RMTI) Stock

Rockwell Medical, Inc., together with its subsidiaries, operates as a healthcare company that engages in the development, manufacture, commercialization, and distribution of various hemodialysis products for dialysis providers worldwide. The company offers Triferic Dialysate and Triferic AVNU which are indicated to maintain hemoglobin in patients undergoing hemodialysis. It also manufactures, sells, delivers, and distributes hemodialysis concentrates, such as CitraPure citric acid concentrate, Dri-Sate dry acid concentrate, RenalPure liquid acid concentrate, dry acid concentrate mixer, and RenalPure and SteriLyte powder bicarbonate concentrate; and ancillary products, including cleaning agents, 6% bleach for disinfection, citric acid descale, filtration salts, and other supplies used by hemodialysis providers. The company's dialysis concentrate products are used to maintain human life by removing toxins and replacing critical nutrients in the dialysis patient's bloodstream. It is also developing other therapeutic product candidates for the treatment of hospitalized patients with acute heart failure; and home infusion therapy that allows patients to receive intravenous medications at home. Its target customers include medium and small sized dialysis chains and independent dialysis centers. Rockwell Medical, Inc. was incorporated in 1996 and is headquartered in Wixom, Michigan.

RMTI Price History

30 days | 90 days | 365 days | Advanced Chart

RMTI Stock News Headlines

September 30, 2023 | americanbankingnews.com

HC Wainwright Reaffirms Buy Rating for Rockwell Medical (NASDAQ:RMTI)

September 28, 2023 | finance.yahoo.com

Rockwell Medical Enters into 3-Year Product Purchase Agreement with Sanderling Renal Services; Expands Distribution Capabilities Westward into Utah

September 30, 2023 | Investor Place Media (Ad)

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September 27, 2023 | finance.yahoo.com

Rockwell Medical (RMTI) Outpaces Stock Market Gains: What You Should Know

September 21, 2023 | marketwatch.com

Rockwell Medical Extends Sales Pact With Top Customer DaVita >RMTI

September 21, 2023 | finance.yahoo.com

Rockwell Medical Enters into Products Purchase Agreement with its Largest Customer, Enhancing Relationship through 2024

September 18, 2023 | finance.yahoo.com

Late-cycle stock sectors in focus amid U.S. economic uncertainty

September 7, 2023 | finance.yahoo.com

Rockwell Medical to Present at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12, 2023

September 30, 2023 | Investor Place Media (Ad)

Elon Musk May Have Just Changed Everything

August 15, 2023 | finance.yahoo.com

Rockwell Medical, Inc. (NASDAQ:RMTI) Q2 2023 Earnings Call Transcript

August 15, 2023 | markets.businessinsider.com

H.C. Wainwright Sticks to Their Buy Rating for Rockwell Med (RMTI)

August 14, 2023 | finance.yahoo.com

Q2 2023 Rockwell Medical Inc Earnings Call

August 14, 2023 | markets.businessinsider.com

Rockwell Medical Boosts Full-year Sales Outlook, Speeds Up Profitability Timeline

August 14, 2023 | markets.businessinsider.com

Why Rockwell Medical Shares Are Surging Today

August 14, 2023 | businesswire.com

Rockwell Medical Announces Second Quarter 2023 Results

August 7, 2023 | msn.com

Rockwell Medical: Upside Potential Outweighs Competition Risk

August 1, 2023 | finance.yahoo.com

VAREX IMAGING (VREX) Surpasses Q3 Earnings and Revenue Estimates

July 27, 2023 | finance.yahoo.com

Rockwell Medical (RMTI) Gains As Market Dips: What You Should Know

July 21, 2023 | finance.yahoo.com

Rockwell Medical (RMTI) Stock Sinks As Market Gains: What You Should Know

July 20, 2023 | thestreet.com

Rockwell Medical (RMTI) Stock Falls After Company Prices Public Offering

July 17, 2023 | markets.businessinsider.com

Rockwell Medical On Course To Reach Profitability By Late 2024, Analyst Says

July 17, 2023 | finance.yahoo.com

Rockwell Medical to Release Second Quarter 2023 Financial Results on Monday, August 14, 2023

July 12, 2023 | finance.yahoo.com

Institutions own 6.9% of Rockwell Medical, Inc. (NASDAQ:RMTI) shares but individual investors control 41% of the company

July 11, 2023 | msn.com

What's Going On With Rockwell Medical (RMTI) Stock

July 11, 2023 | finance.yahoo.com

Rockwell Medical Acquires Hemodialysis Concentrates Business from Evoqua Water Technologies

July 3, 2023 | finance.yahoo.com

What Makes Rockwell Medical (RMTI) a Good Fit for 'Trend Investing'

July 3, 2023 | finance.yahoo.com

Rockwell Medical (RMTI) Soars 20.0%: Is Further Upside Left in the Stock?

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RMTI Company Calendar

Last Earnings: 8/14/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: Health Care Equipment
Sector: Medical
Current Symbol: NASDAQ:RMTI
CUSIP: 77437410
CIK: 1041024
Web: www.rockwellmed.com
Phone: (248) 432-1362
Fax: 248-960-9119
Employees: 253
Year Founded: 1995

Price Target and Rating

Average Stock Price Forecast: $11.00
High Stock Price Forecast: $11.00
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +428.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.88)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-18,680,000.00
Net Margins: -15.32%
Pretax Margin: -15.32%
Return on Equity: -88.74%
Return on Assets: -25.89%

Debt

Debt-to-Equity Ratio: 0.69
Current Ratio: 1.58
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $72.81 million
Price / Sales: 0.81
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.16 per share
Price / Book: 1.79

Miscellaneous

Outstanding Shares: 28,490,000
Free Float: 27,863,000
Market Cap: $59.26 million
Optionable: Optionable
Beta: 1.40

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Key Executives

Dr. Mark Strobeck Ph.D. (Age 52)
Pres, CEO & Director
Comp: $643.41k

Ms. Megan C. Timmins (Age 50)
Exec. VP, Chief Legal Officer & Sec.
Comp: $518.09k

Mr. Paul E. McGarry (Age 55)
SVP of Fin. & Chief Accounting Officer

Mr. James A. McCarthy
Sr. VP of Bus. & Corp. Devel.

Mr. Timothy T. Chole
Sr. VP of Sales & Marketing

Ms. Heather R. Hunter
Sr. VP & Chief Corp. Affairs Officer

Mr. David J. Kull (Age 55)
Sec.

Mr. Jason Finkelstein
Investor Relations Representative

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RMTI Stock - Frequently Asked Questions

Should I buy or sell Rockwell Medical stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Medical in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RMTI shares.
View RMTI analyst ratings or view top-rated stocks.
What is Rockwell Medical's stock price forecast for 2023?: 1 Wall Street research analysts have issued twelve-month target prices for Rockwell Medical's shares. Their RMTI share price forecasts range from $11.00 to $11.00. On average, they expect the company's stock price to reach $11.00 in the next year. This suggests a possible upside of 428.8% from the stock's current price.
View analysts price targets for RMTI or view top-rated stocks among Wall Street analysts.
How have RMTI shares performed in 2023?: Rockwell Medical's stock was trading at $1.0150 on January 1st, 2023. Since then, RMTI shares have increased by 104.9% and is now trading at $2.08.
View the best growth stocks for 2023 here.
Are investors shorting Rockwell Medical?: Rockwell Medical saw a drop in short interest in September. As of September 15th, there was short interest totaling 888,800 shares, a drop of 20.6% from the August 31st total of 1,120,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.6% of the shares of the stock are short sold.
View Rockwell Medical's Short Interest.
When is Rockwell Medical's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our RMTI earnings forecast.
How were Rockwell Medical's earnings last quarter?: Rockwell Medical, Inc. (NASDAQ:RMTI) announced its quarterly earnings data on Monday, August, 14th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by $0.06. The company had revenue of $18.08 million for the quarter, compared to analysts' expectations of $18.08 million. Rockwell Medical had a negative trailing twelve-month return on equity of 88.74% and a negative net margin of 15.32%. During the same period last year, the firm posted ($0.56) earnings per share.
When did Rockwell Medical's stock split?: Rockwell Medical's stock reverse split on Friday, May 13th 2022. The 1-11 reverse split was announced on Friday, May 13th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 13th 2022. An investor that had 100 shares of stock prior to the reverse split would have 9 shares after the split.
What guidance has Rockwell Medical issued on next quarter's earnings?: Rockwell Medical issued an update on its FY 2023 earnings guidance on Sunday, September, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $82.00 million-$86.00 million, compared to the consensus revenue estimate of $86.08 million.

What is Robert L. Chioini's approval rating as Rockwell Medical's CEO?: 6 employees have rated Rockwell Medical Chief Executive Officer Robert L. Chioini on Glassdoor.com. Robert L. Chioini has an approval rating of 22% among the company's employees. This puts Robert L. Chioini in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Rockwell Medical own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Rockwell Medical investors own include Immunomedics (IMMU), JinkoSolar (JKS), Seagen (SGEN), Geron (GERN), OPKO Health (OPK), Amarin (AMRN), Gilead Sciences (GILD), ImmunoGen (IMGN), Sorrento Therapeutics (SRNE) and VBI Vaccines (VBIV).
What is Rockwell Medical's stock symbol?: Rockwell Medical trades on the NASDAQ under the ticker symbol "RMTI."
How do I buy shares of Rockwell Medical?: Shares of RMTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Rockwell Medical's stock price today?: One share of RMTI stock can currently be purchased for approximately $2.08.
How much money does Rockwell Medical make?: Rockwell Medical (NASDAQ:RMTI) has a market capitalization of $59.26 million and generates $72.81 million in revenue each year. The company earns $-18,680,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.
How many employees does Rockwell Medical have?: The company employs 253 workers across the globe.
How can I contact Rockwell Medical?: Rockwell Medical's mailing address is 411 HACKENSACK AVENUE SUITE 501, HACKENSACK NJ, 07601. The official website for the company is www.rockwellmed.com. The company can be reached via phone at (248) 432-1362, via email at invest@rockwellmed.com, or via fax at 248-960-9119.

This page (NASDAQ:RMTI) was last updated on 9/30/2023 by MarketBeat.com Staff

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