Rocket One Inc. Common Stock (NASDAQ:RKTO – Get Free Report)’s stock price dropped 5.2% on Wednesday . The stock traded as low as $0.94 and last traded at $0.9482. Approximately 495,041 shares changed hands during trading, a decline of 92% from the average daily volume of 5,940,086 shares. The stock had previously closed at $1.00.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Rocket One Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. D. Boral Capital reaffirmed a “buy” rating and set a $5.00 price target on shares of Rocket One Inc. Common Stock in a research note on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Rocket One Inc. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rocket One Inc. Common Stock has a consensus rating of “Hold” and a consensus target price of $5.00.
Read Our Latest Report on RKTO
Rocket One Inc. Common Stock Price Performance
Rocket One Inc. Common Stock (NASDAQ:RKTO – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03).
Institutional Investors Weigh In On Rocket One Inc. Common Stock
Several hedge funds have recently made changes to their positions in the company. DRW Securities LLC bought a new stake in shares of Rocket One Inc. Common Stock in the fourth quarter valued at about $257,000. Citadel Advisors LLC purchased a new stake in Rocket One Inc. Common Stock in the third quarter worth about $232,000. Virtu Financial LLC bought a new position in Rocket One Inc. Common Stock during the 3rd quarter worth about $184,000. Kestra Private Wealth Services LLC bought a new position in Rocket One Inc. Common Stock during the 3rd quarter worth about $51,000. Finally, Geode Capital Management LLC increased its position in Rocket One Inc. Common Stock by 18.0% during the 4th quarter. Geode Capital Management LLC now owns 181,112 shares of the company’s stock valued at $179,000 after purchasing an additional 27,577 shares during the period. 7.08% of the stock is currently owned by hedge funds and other institutional investors.
Rocket One Inc. Common Stock Company Profile
Hoth Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the acquisition, licensing and development of novel therapies for dermatological, central nervous system and other debilitating conditions. The company’s strategy emphasizes in-licensing late preclinical or early clinical assets with promising pharmacological profiles and leveraging formulation science to optimize delivery. Core to its approach is the design of topical and localized administration platforms intended to enhance drug penetration, sustain release and reduce systemic exposure.
Hoth’s development pipeline encompasses multiple candidate programs addressing high-unmet-need areas such as atopic dermatitis, epidermolysis bullosa and oral mucositis.
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