As of Thursday close, Rockley Photonics Holdings Limited’s (NYSE:RKLY) stock was down -$0.47, moving down -16.79 percent to $2.33. The average number of shares traded per day over the past five days has been 1,241,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 740,070, while in the previous 50 days, it was 752,578.
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Since last month, RKLY stock retreated -50.00%. Shares of the company fell to $2.12 on 05/12/22, the lowest level in the past month. Since the beginning of this year, RKLY’s stock price has dropped by -46.44% or -$2.02, and marked a new high 5 times. However, the stock has declined by -86.29% since its 52-week high.
Rockley Photonics Holdings Limited (RKLY) last reported insider trading activity 56 days ago on Mar 18. Blaser Brian J, the Director of the company, purchased of 47,060 shares for $4.19 on Mar 18. It resulted in a $197,370 investment by the insider. Nagra Amit sold 5,098 shares at an average price of $3.90 on Mar 15. The insider now owns 473,067 shares following the transaction. On Mar 15, Chief Financial Officer Karanth Mahesh sold 8,261 shares at $3.90 apiece. The transaction was valued at $32,218.
In the three months ended September 29, Rockley Photonics Holdings Limited’s quick ratio stood at 2.30, while its current ratio was 2.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -39.00% percent. Based on annual data, RKLY earned -$3.2 million in gross profit and brought in $8.21 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RKLY’s revenue rose 100.0% to $1.84 million during the quarter, while net income inched up to -$4.03 million. While analysts expected Rockley Photonics Holdings Limited to report -$0.2 quarterly earnings, the actual figure was -$0.54 per share. During the quarter, the company generated -$45.85 million in EBITDA. The liabilities of Rockley Photonics Holdings Limited were 59.01 million at the end of its most recent quarter ended September 29, and its total debt was $31.71 million. The value of shareholders’ equity is $128.47 million.
This quick technical analysis looks at Rockley Photonics Holdings Limited’s (RKLY) price momentum. With a historical volatility rate of 132.22%, the RSI 9-day stood at 25.08% on 12 May.
With respect to its five-day moving average, the current Rockley Photonics Holdings Limited price is down by -26.73% percent or -$0.85. At present, RKLY shares trade -50.00% below its 20-day simple moving average and -56.37% percent below its 100-day simple moving average. However, the stock is currently trading approximately -45.56% below its SMA50.
Stochastic coefficient K was 10.71% and Stochastic coefficient D was 17.70%, while ATR was 0.37. Given the Stochastic reading of 15.64% for the 14-day period, the RSI (14) reading has been calculated as 29.71%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.40.
Rockley Photonics Holdings Limited downgraded its rating on Rockley Photonics Holdings Limited (NYSE: RKLY) to a Neutral in a note to investors on December 22, 2021. The analysts firm previously had a Buy rating on the stock.Rockley Photonics Holdings Limited (RKLY) has been rated Overweight by analysts. According to 0 brokerage firms, RKLY is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Rockley Photonics Holdings Limited stock as buy, with 2 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $5.00 – $10.00. Based on these forecasts, analysts predict Rockley Photonics Holdings Limited (RKLY) will achieve an average price target of $8.25.