Rocket Pharmaceuticals, Inc., together with its subsidiaries, operates as a multi-platform biotechnology company that focuses on developing gene therapies for rare and devastating pediatric diseases. More Details
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Rocket Pharmaceuticals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RCKT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: RCKT's weekly volatility (8%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: RCKT exceeded the US Biotechs industry which returned 22% over the past year.
Return vs Market: RCKT exceeded the US Market which returned 19% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Rocket Pharmaceuticals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StDoes Market Volatility Impact Rocket Pharmaceuticals, Inc.'s (NASDAQ:RCKT) Share Price?
9 months ago | Simply Wall StHow Does Investing In Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) Impact The Volatility Of Your Portfolio?
1 year ago | Simply Wall StDid Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) Insiders Sell Shares?
Is Rocket Pharmaceuticals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RCKT ($30.14) is trading below our estimate of fair value ($121.61)
Significantly Below Fair Value: RCKT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RCKT is unprofitable, so we can't compare its PE Ratio to the US Biotechs industry average.
PE vs Market: RCKT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RCKT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RCKT is overvalued based on its PB Ratio (6.9x) compared to the US Biotechs industry average (3.5x).
How is Rocket Pharmaceuticals forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RCKT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RCKT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RCKT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if RCKT's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if RCKT's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RCKT is forecast to be unprofitable in 3 years.
How has Rocket Pharmaceuticals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RCKT is currently unprofitable.
Growing Profit Margin: RCKT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RCKT is unprofitable, and losses have increased over the past 5 years at a rate of 46.8% per year.
Accelerating Growth: Unable to compare RCKT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RCKT is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-17.2%).
Return on Equity
High ROE: RCKT has a negative Return on Equity (-40.79%), as it is currently unprofitable.
How is Rocket Pharmaceuticals's financial position?
Financial Position Analysis
Short Term Liabilities: RCKT's short term assets ($233.2M) exceed its short term liabilities ($32.0M).
Long Term Liabilities: RCKT's short term assets ($233.2M) exceed its long term liabilities ($61.7M).
Debt to Equity History and Analysis
Debt Level: RCKT's debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RCKT's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RCKT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RCKT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Rocket Pharmaceuticals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RCKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RCKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RCKT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RCKT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RCKT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gaurav Shah (45 yo)
Mr. Gaurav Shah, M.D. serves as the Chief Executive Officer, President and Director of Rocket Pharmaceuticals, Ltd since January 2018.
CEO Compensation Analysis
Compensation vs Market: Gaurav's total compensation ($USD3.88M) is about average for companies of similar size in the US market ($USD4.20M).
Compensation vs Earnings: Gaurav's compensation has been consistent with company performance over the past year.
|CEO, President & Director||2.83yrs||US$3.88m||1.86% |
|COO & Executive VP of Development||2.83yrs||US$2.78m||0.21% |
|VP of Finance||0.83yr||no data||no data|
|Senior Vice President of Corporate Development & Strategy and IRO||no data||no data||no data|
|Senior Director of Legal & Compliance and Corporate Secretary||no data||no data||no data|
|Chief Medical Officer & Senior VP of Clinical Development||2.83yrs||US$1.36m||0% |
|Senior VP & Chief Business Officer||no data||no data||no data|
Experienced Management: RCKT's management team is considered experienced (2.8 years average tenure).
|CEO, President & Director||2.83yrs||US$3.88m||1.86% |
|Independent Director||2.83yrs||US$338.55k||0% |
|Independent Director||4.83yrs||US$337.05k||0% |
|Independent Director||2.83yrs||US$330.05k||0.21% |
|Independent Director||0.58yr||no data||no data|
|Independent Director||2.83yrs||US$325.91k||0% |
Experienced Board: RCKT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.7%.
Rocket Pharmaceuticals, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Rocket Pharmaceuticals, Inc.
- Ticker: RCKT
- Exchange: NasdaqGM
- Industry: Biotechnology
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$1.665b
- Shares outstanding: 55.23m
- Website: https://www.rocketpharma.com
Number of Employees
- Rocket Pharmaceuticals, Inc.
- The Empire State Building
- Suite 7530
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RCKT||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jan 2018|
|9IP1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2018|
Rocket Pharmaceuticals, Inc., together with its subsidiaries, operates as a multi-platform biotechnology company that focuses on developing gene therapies for rare and devastating pediatric diseases. It ha...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/24 23:35|
|End of Day Share Price||2020/11/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.