Investing In Rockley Photonics Holdings Limited (NYSE: RKLY) Stock. Performance & Trends

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In the last trading session, 1.06 million Rockley Photonics Holdings Limited (NYSE:RKLY) shares changed hands as the company’s beta touched 0. With the company’s per share price at $7.86 changed hands at -$1.66 or -17.44% during last session, the market valuation stood at $1.03B. RKLY’s last price was a discount, traded about -116.16% off its 52-week high of $16.99. The share price had its 52-week low at $6.81, which suggests the last value was 13.36% up since then. When we look at Rockley Photonics Holdings Limited’s average trading volume, we note the 3-month average coming to 437.41K.

Analysts gave the Rockley Photonics Holdings Limited (RKLY) stock a consensus recommendation rating of a Buy. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended RKLY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Rockley Photonics Holdings Limited’s EPS for the current quarter is expected to be -$0.21.

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Instantly RKLY was in red as seen at the end of in last trading. With action -15.03%, the performance over the past five days has been red. The drop to weekly highs of 11.45 on Tuesday, 09/14/21 subtracted -17.44% to the stock’s daily price. The company’s shares are showing year-to-date downside of -23.32%, with the 5-day performance at -15.03% in the red. However, in the 30-day time frame, Rockley Photonics Holdings Limited (NYSE:RKLY) is -40.18% down.

The consensus price target for the stock as assigned by Wall Street analysts is $19.00, meaning bulls need an upside of 58.63% from its current market value. According to analyst projections, RKLY’s forecast low is $15.00 with $22.00 as the target high. To hit the forecast high, the stock’s price needs a -179.9% plunge from its current level, while the stock would need to soar -90.84% for it to hit the projected low.

Rockley Photonics Holdings Limited (RKLY) estimates and forecasts

Data shows that the Rockley Photonics Holdings Limited share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.18% over the past 6 months, a -2,075.00% in annual growth rate that is considerably lower than the industry average of 31.70%.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $2.1 million. 2 analysts are of the opinion that Rockley Photonics Holdings Limited’s revenue for the quarter ending Dec 2021 will be $14.93 million.

The 2021 estimates are for Rockley Photonics Holdings Limited earnings to decrease by -924.80%.

RKLY Dividends

Rockley Photonics Holdings Limited is expected to release its next quarterly earnings report in October.

Rockley Photonics Holdings Limited (NYSE:RKLY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 26.68% of Rockley Photonics Holdings Limited shares while 6.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.06%.

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