RCKT - Rocket Pharmaceuticals, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
20.76
-0.69 (-3.22%)
At close: 4:00PM EST
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Previous Close21.45
Open21.63
Bid20.78 x 900
Ask22.75 x 800
Day's Range20.59 - 21.74
52 Week Range10.76 - 27.59
Volume367,977
Avg. Volume374,127
Market Cap1.125B
Beta (5Y Monthly)1.81
PE Ratio (TTM)N/A
EPS (TTM)-1.82
Earnings DateNov 06, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est36.29
  • What You Must Know About Rocket Pharmaceuticals, Inc.'s (NASDAQ:RCKT) Beta Value
    Simply Wall St.

    What You Must Know About Rocket Pharmaceuticals, Inc.'s (NASDAQ:RCKT) Beta Value

    If you're interested in Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT), then you might want to consider its beta (a...

  • Here's Why Rocket Pharmaceuticals (RCKT) is a Great Momentum Stock to Buy
    Zacks

    Here's Why Rocket Pharmaceuticals (RCKT) is a Great Momentum Stock to Buy

    Does Rocket Pharmaceuticals (RCKT) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Business Wire

    Rocket Pharmaceuticals Announces Participation at the 38th Annual J.P. Morgan Healthcare Conference

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces that Gaurav Shah, M.D., Chief Executive Officer and President of Rocket is scheduled to present on Monday, January 13, 2020, at 4:00 p.m. Pacific Time at the 38th Annual J.P. Morgan Healthcare Conference in San Francisco, California.

  • Corporate Insiders Pull the Trigger on 3 Buy-Rated Stocks
    TipRanks

    Corporate Insiders Pull the Trigger on 3 Buy-Rated Stocks

    If you really want to know which stocks the experts – and those in the know – are buying, pay attention to what they’re doing. Stock reports, company reviews, and press statements are helpful, but you’ll get significant information from watching what the insiders are doing.The insiders – the corporate officers and board members – have to disclose when they snap up shares to prevent any unfair advantages. Tracking their stock purchases can be a useful strategy because if an insider spends their own money on a stock, it could signal that they believe big gains are in store.Fortunately, TipRanks does just that. TipRanks, a company dedicated to measuring and tracking the performance of Wall Street’s analysts, also follows what the insiders are doing. The Insiders’ Hot Stocks page provides the scoop on which stocks the market’s insiders are buying – or selling – so that you can make informed purchases. We’ve picked three stocks with recent informative buys to show how the data works for you.Enterprise Products Partners LP (EPD)Midstream energy companies specialize in transporting and storing the oil and natural gas products the extraction companies pull out of the ground. Enterprise operates in the midstream space, controlling natural gas and crude oil pipelines totaling over 49,000 miles. The company also owns storage capacity for 260 million barrels of oil and 14 billion cubic feet of gas, along with multiple import/export terminals on Texas’ Gulf coast.Lower margins and higher expenses have hurt the company’s bottom line in recent months. The most recent earnings report, released at the end of October for Q3 2019, came in below expectations. EPS was listed at 46 cents per share, below the forecast of 53 cents, while revenues of $7.96 billion were 3% lower than the estimates had called for. Increased volume in natural gas transportation helped to offset some of the decline.EPD share values managed to shrug off the hit from the Q3 earnings report. Shares have appreciated in recent weeks, and the stock is up 15% this year. While underperforming the general market, those gains are still real – and far exceed the bond markets.And now we get to EPD’s insider action. In the last three weeks, Randa Duncan Williams, Chairman of the Board at EPD since 2013, has made purchases of EPD stock worth about $46 million. Her purchases are a clear indication of confidence in the stock.Evercore ISI analyst Dan Walk, in a report on the oil and gas midstream industry earlier this month, reiterated his Buy position on EPD along with his $32 price target. In his comments on the stock, he noted the company’s infrastructure expansion, saying, “Recently-announced M2E3 (450 mbpd capacity) and M2E4 pipelines (450 mbpd initial capacity, expandable to 540 mbpd) should minimize the need for DRA and reduce variable operating costs (~$2/barrel with DRA) in turn. These expansions also provide EPD the flexibility to convert Seminole pipeline (M2E2 crude) back into NGL service, as needed, with minimal capital outlay.” His price target implies a 14% upside to EPD shares. (To watch Walk’s track record, click here)EPD’s most recent analyst reviews are both Buys, backing the stock’s overall Moderate Buy consensus rating. Shares are priced low, at just $28.18, making this stock an easy entry for investors. The upside is clear, with the $32.50 average price target suggesting 15% growth potential in 2020. (See Enterprise stock analysis on TipRanks) Sage Therapeutics, Inc. (SAGE)Biotech companies are popular with investors seeking high upside potential. They operate in a sector with high overhead and initial outlay costs, but the rewards, when a new drug or medical treatment pans out and achieves approval, are substantial. Until then, however, these companies typically operate at a loss and investors depend on share appreciation for returns.Sage is typical of its peers in this regard. The stock’s Q3 earnings report showed a loss of $3.48 per share, 12 cents worse than the $3.36 expectation. Revenues were also lower than the forecast, at $3.57 million compared to $3.6 million. The company did give some positive guidance, however, stating that it would likely have $950 million in cash and cash equivalents available at the end of the 2019 calendar year.The Q3 results, while disappointing, were not unusual for the biotech sector. What has really hurt SAGE recently was the release of Phase 3 results for SAGE-217. The drug, targeting major depressive disorder, failed to duplicate the positive results from Phase 2 testing. Company CEO Jeff Jonas said simply, “This study did not meet the primary endpoint.” Sage is continuing testing on SAGE-217, as the company believes the data “supports our hypothesis that SAGE-217 has a unique profile with the potential for rapid and robust onset with durable effect.”Management has seen the share price hit as a chance to make large buys at a discount, in line with their confidence in the company’s prospects. Jonas, CSO Albert Robichaud, and CFO Kimi Iguchi together purchased more than $2.42 million worth of SAGE shares since the price collapsed.5-star analyst Matthew Harrison, from Morgan Stanley, is also bullish on SAGE, maintaining his Buy rating in the wake of the stock’s price collapse. He set the price target at $125, lower than his previous target but still indicating room for a 70% upside. Harrison believes the company’s next round of studies will deliver positive results, and writes, “We are encouraged by the manageable tolerability profile and mgt.'s commentary around a higher dose option being attractive in the commercial setting.” (To watch Harrison’s track record, click here)SAGE shares sell at $73.35, up 22% from the stock’s low point after the collapse on December 5. The average price target, $111.38, suggests a robust upside of 52%, indicating general confidence in the company. That confidence is also seen in the Moderate Buy consensus rating, based on 12 Buys and 6 Holds set in recent weeks. (See Sage Therapeutics stock analysis on TipRanks) Rocket Pharmaceuticals, Inc. (RCKT)Rocket focuses on emerging gene therapies, treatments for rare diseases that resist conventional medicine. Rocket’s drug pipeline aims at finding gene and cell therapies to attack diseases at their source, with five drugs targeting a variety of rare metabolic disorders, and mostly in Phase 1 testing. RP-L102, targeting Fanconi anemia, has entered Phase 2 testing, and is the most advanced of Rocket’s products.Like Sage above, Rocket operates at a net loss. In Q3, the company reported a 38 cent per share loss – but that was 10 cents better than had been expected. It was the third quarter in a row that RCKT had beaten the EPS forecast by a wide margin. Investors are pleased with this performance, as shown by the stock’s 62% 2019 gain.Looking at the insider activity on RCKT, we see some major moves this year. Earlier this month, RTW Investments, an institutional investor in RCKT and an over 10% owner of the company, purchased over $5 million worth of RCKT shares. This was the firm’s second major purchase of the stock this year – eight months ago, it bought up $9.6 million in RCKT.Also this month, 5-star analyst Madhu Kumar of Baird added RCKT to his firm’s “Fresh Pick” list, and outlined his optimism on the company’s drug pipeline: “Prior to Rocket Pharmaceuticals' (RCKT) data release at the American Society for Hematology (ASH) meeting in Orlando on December 8 for its lead asset, FANCA lentiviral gene therapy (LV GT) RP-L102 for Fanconi anemia type A (FA-A), we are raising our RP-L102 launch probability to 30%...” Along with this Buy rating, Kumar also raised his price target from $30 to $41. His new target suggests a 70% upside for the stock. (To watch Kumar’s track record, click here)Five analysts have given RCKT stock a thumbs up in recent weeks, making the analyst consensus on it a unanimous Strong Buy. Share sell for just $24.06, and the average price target of $38.67 suggests a robust upside potential of 61%. (See Rocket Pharmaceuticals stock analysis on TipRanks)

  • Business Wire

    Rocket Pharmaceuticals Receives the European Medicines Agency PRIME Eligibility for RP-L102 Gene Therapy for Fanconi Anemia

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces that the European Medicines Agency (EMA) has granted PRIority MEdicines (PRIME) eligibility to RP-L102, the Company’s lentiviral vector (LVV)-based gene therapy for the treatment of Fanconi Anemia (FA). PRIME is a program launched by the EMA to enhance support for the development of medicines that target an unmet medical need. With this milestone, Rocket’s FA program has received all accelerated regulatory designations in the U.S. and EU, including FDA Regenerative Medicine Advanced Therapy, Fast Track and Orphan designations.

  • Business Wire

    Rocket Pharmaceuticals Announces Closing of Public Offering

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces the closing of its previously announced underwritten public offering of 3,820,000 shares of its common stock at a public offering price of $22.25 per share. The gross proceeds to Rocket from the offering are expected to be approximately $84,995,000 million, before deducting the underwriting discounts and commissions and other offering expenses.

  • Did Hedge Funds Drop The Ball On Rocket Pharmaceuticals, Inc. (RCKT) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Rocket Pharmaceuticals, Inc. (RCKT) ?

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • Benzinga

    The Daily Biotech Pulse: Correvio Faces FDA Panel Rejection, Iterum's Antibiotic Trial Narrowly Misses Primary Endpoint

    Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks hitting 52-week highs on Dec. 10) Acceleron Pharma Inc (NASDAQ: XLRN ) Aimmune Therapeutics ...

  • Business Wire

    Rocket Pharmaceuticals Prices Public Offering of Common Stock

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces the pricing of an underwritten public offering of 3,820,000 shares of its common stock at a public offering price of $22.25 per share. The gross proceeds to Rocket from the offering are expected to be $84,995,000, before deducting the underwriting discounts and commissions and other offering expenses. Rocket has granted the underwriters a 30-day option to purchase up to an additional 573,000 shares of its common stock.

  • Business Wire

    Rocket Pharmaceuticals Announces Proposed Public Offering of Common Stock

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces that it has commenced an underwritten public offering of $75,000,000 of shares of its common stock. Rocket also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the public offering. All the shares in the offering are to be sold by Rocket. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

  • Benzinga

    The Daily Biotech Pulse: ASH Meeting Wraps, Fast Track Designation For Equillium, Pfizer To Buy $3M In ContraFect Shares

    The following are top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks that hit 52-week highs Dec. 9.) Acceleron Pharma Inc (NASDAQ: XLRN ) Aimmune Therapeutics ...

  • Business Wire

    Rocket Pharmaceuticals Announces Preliminary Data from Phase 1/2 Trial of RP-L201 for Leukocyte Adhesion Deficiency-I

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces preliminary data from its Phase 1/2 clinical trial of RP-L201, the Company’s lentiviral vector (LVV)-based gene therapy for the treatment of Leukocyte Adhesion Deficiency-I (LAD-I). LAD-I is a rare immune disorder characterized by low or absent neutrophil CD18 expression, predisposing affected individuals to recurrent and fatal infections in childhood. Data from the first patient treated with RP-L201 demonstrated early evidence of efficacy.

  • Business Wire

    Rocket Pharmaceuticals Presents Promising Preliminary Results from Phase 1 Trial of Commercial-Grade RP-L102 "Process B" for Fanconi Anemia at 61st American Society of Hematology Annual Meeting

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces encouraging preliminary results from its Phase 1 trial of commercial-grade RP-L102 "Process B" for Fanconi Anemia (FA) at the 61st American Society of Hematology (ASH) Annual Meeting. The data are highlighted in a poster presentation by Agnieszka Czechowicz M.D., Ph.D., Assistant Professor of Pediatrics, Division of Stem Cell Transplantation and Regenerative Medicine at the Stanford University School of Medicine, entitled "Changing the Natural History of Fanconi Anemia Complementation Group-A with Gene Therapy: Early Results of U.S. Phase I Study of Lentiviral-Mediated Ex-Vivo FANCA Gene Insertion in Human Stem and Progenitor Cells."

  • Business Wire

    Rocket Pharmaceuticals Announces First Patient Treated in Global Registrational Phase 2 Study of RP-L102 "Process B" for Fanconi Anemia

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces that the first patient in the global Phase 2 registration-enabling study of RP-L102 "Process B" received investigational therapy. RP-L102 is the Company’s lentiviral vector (LVV)-based gene therapy for the treatment of Fanconi Anemia (FA).

  • Business Wire

    Rocket Pharmaceuticals to Host Breakout Session at 61st American Society of Hematology Annual Meeting

    Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces that the company will host a breakout session at the 61st American Society of Hematology (ASH) Annual Meeting on Sunday, December 8, 2019 at 8:30 p.m. EST. The event is intended to give investors and sell side analysts an opportunity to ask questions and discuss data from the Phase 1 trial of RP-L102 "Process B" for Fanconi Anemia (FA) presented at ASH, as well as preliminary findings from the Phase 1 study of RP-L201 for Leukocyte Adhesion Deficiency-I (LAD-I).

  • Rocket Pharmaceuticals, Inc. (RCKT) Shares March Higher, Can It Continue?
    Zacks

    Rocket Pharmaceuticals, Inc. (RCKT) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in Rocket Pharmaceuticals, Inc. (RCKT).

  • Business Wire

    Rocket Pharmaceuticals Announces Participation at Upcoming Conferences

    Rocket Pharmaceuticals, Inc. , a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders,

  • Business Wire

    Rocket Pharmaceuticals Reports Third Quarter 2019 Financial Results and Operational Highlights

    –First Evidence of Long-Term Improvement and Stabilization in Blood Counts and Durable Mosaicism in RP-L102 “Process A” for Fanconi Anemia–

  • Business Wire

    Rocket Pharmaceuticals to Present Preliminary Phase 1 Data of RP-L102 “Process B” for Fanconi Anemia at the 61st American Society of Hematology Annual Meeting

    —Rocket Management to Hold a Breakout Session with KOLs to Discuss Data Following Presentation at 8:30 p.m. EST on December 8th—

  • Business Wire

    Rocket Pharmaceuticals Announces Participation at the Barclays Gene Editing & Gene Therapy Summit

    Rocket Pharmaceuticals, Inc. , a leading U.S.-based multi-platform clinical-stage gene therapy company, today announces that Gaurav Shah, M.D., Chief Executive Officer and President of Rocket is scheduled to present on Wednesday, November 13, 2019, at 2:15 p.m.

  • Should You Buy Rocket Pharmaceuticals, Inc. (RCKT)?
    Insider Monkey

    Should You Buy Rocket Pharmaceuticals, Inc. (RCKT)?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

  • Business Wire

    Rocket Pharmaceuticals Presents First Evidence of Long-Term Improvement and Stabilization in Blood Counts and Durable Mosaicism in RP-L102 “Process A” for Fanconi Anemia

    Rocket Pharmaceuticals, Inc. (RCKT) (“Rocket”), a leading U.S.-based multi-platform clinical-stage gene therapy company, today presents updated long-term follow-up from the Phase 1/2 clinical trial of RP-L102 at the European Society of Cell and Gene Therapy (ESGCT) 27th Annual Congress in Barcelona, Spain. RP-L102 is the Company’s lentiviral vector (LVV)-based gene therapy for the treatment of Fanconi Anemia (FA).

  • Business Wire

    Rocket Pharmaceuticals Announces Clearance of IND for RP-L301 Gene Therapy for Pyruvate Kinase Deficiency

    Rocket Pharmaceuticals, Inc. (RCKT) (“Rocket”), a leading U.S.-based multi-platform clinical-stage gene therapy company, today announces the clearance of the Company’s Investigational New Drug (IND) application by the U.S. Food and Drug Administration (FDA) for RP-L301. RP-L301 is the Company’s lentiviral vector (LVV)-based gene therapy for the treatment of Pyruvate Kinase Deficiency (PKD) that was in-licensed from the Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas (CIEMAT), Centro de Investigación Biomédica en Red de Enfermedades Raras (CIBERER) and Instituto de Investigación Sanitaria Fundación Jiménez Díaz (IIS-FJD). “RP-L301 represents the first gene therapy candidate in development for PKD, a hematologic disorder in which the current treatment options, chronic blood transfusions and splenectomy, are associated with burdensome side effects and end-organ damage,” said Gaurav Shah, M.D., Chief Executive Officer and President of Rocket.