Rockwell Medical - RMTI Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" RMTI shares.
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1 Wall Street research analysts have issued 12-month price objectives for Rockwell Medical's shares. Their RMTI share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 661.9% from the stock's current price.
View analysts price targets for RMTI or view top-rated stocks among Wall Street analysts.

Rockwell Medical's stock was trading at $4.51 on January 1st, 2022. Since then, RMTI shares have decreased by 76.7% and is now trading at $1.05.
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Rockwell Medical saw a increase in short interest in November. As of November 15th, there was short interest totaling 127,800 shares, an increase of 29.6% from the October 31st total of 98,600 shares. Based on an average daily volume of 68,700 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our RMTI earnings forecast.

Rockwell Medical, Inc. (NASDAQ:RMTI) issued its quarterly earnings data on Monday, November, 15th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.77) by $0.11. The company had revenue of $15.99 million for the quarter, compared to analyst estimates of $18.06 million. Rockwell Medical had a negative net margin of 36.70% and a negative trailing twelve-month return on equity of 297.10%. During the same period in the previous year, the business earned ($1.10) EPS.

Shares of Rockwell Medical reverse split before market open 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 market closes 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.

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.

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).

Rockwell Medical trades on the NASDAQ under the ticker symbol "RMTI."

Rockwell Medical's stock is owned by many different institutional and retail investors. Top institutional investors include Armistice Capital LLC (10.19%), Richmond Brothers Inc. (6.64%), Perkins Capital Management Inc. (3.34%), Vanguard Group Inc. (2.36%), Verdence Capital Advisors LLC (0.68%) and Jane Street Group LLC (0.22%). Insiders that own company stock include David S Richmond and Russell H Ellison.
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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.
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One share of RMTI stock can currently be purchased for approximately $1.05.

Rockwell Medical (NASDAQ:RMTI) has a market capitalization of $9.88 million and generates $61.93 million in revenue each year.

The company employs 300 workers across the globe.

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) 960-9009, via email at invest@rockwellmed.com, or via fax at 248-960-9119.