Let’s start up with the current stock price of Rhythm Pharmaceuticals Inc. (RYTM), which is $24.08 to be very precise. The Stock rose vividly during the last session to $25.19 after opening rate of $23.26 while the lowest price it went was recorded $23.23 before closing at $23.35.Recently in News on September 19, 2022, Rhythm Pharmaceuticals, Inc. Announces Closing of $124.8 Million Public Offering. Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM) (“Rhythm”), a commercial-stage biopharmaceutical company focused on transforming the lives of patients and their families living with hyperphagia and severe obesity caused by rare melanocortin-4 receptor pathway (MC4R) diseases, today announced the closing of its public offering of 4,800,000 shares of its common stock at a public offering price of $26.00 per share on September 19, 2022. The aggregate gross proceeds to Rhythm from the offering were $124.8 million, before underwriting discounts and commissions, and offering expenses. In addition, Rhythm has granted the underwriters a 30-day option to purchase up to an additional 720,000 shares of its common stock at the public offering price, less the underwriting discount and commission. All of the shares in the offering were offered by Rhythm. You can read further details here
Rhythm Pharmaceuticals Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $30.98 on 09/14/22, with the lowest value was $3.04 for the same time period, recorded on 05/20/22.
Rhythm Pharmaceuticals Inc. (RYTM) full year performance was 90.66%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rhythm Pharmaceuticals Inc. shares are logging -22.27% during the 52-week period from high price, and 692.11% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.04 and $30.98.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1061306 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rhythm Pharmaceuticals Inc. (RYTM) recorded performance in the market was 141.28%, having the revenues showcasing 473.33% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.17B, as it employees total of 140 workers.
Analysts verdict on Rhythm Pharmaceuticals Inc. (RYTM)
During the last month, 5 analysts gave the Rhythm Pharmaceuticals Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 11.80, with a change in the price was noted +17.04. In a similar fashion, Rhythm Pharmaceuticals Inc. posted a movement of +242.05% for the period of last 100 days, recording 1,988,379 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RYTM is recording 0.18 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.18.
Rhythm Pharmaceuticals Inc. (RYTM): Technical Analysis
Raw Stochastic average of Rhythm Pharmaceuticals Inc. in the period of last 50 days is set at 73.73%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 36.52%. In the last 20 days, the company’s Stochastic %K was 34.74% and its Stochastic %D was recorded 40.84%.
Let’s take a glance in the erstwhile performances of Rhythm Pharmaceuticals Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 141.28%. Additionally, trading for the stock in the period of the last six months notably improved by 114.04%, alongside a boost of 90.66% for the period of the last 12 months. The shares increased approximately by -2.90% in the 7-day charts and went up by -3.29% in the period of the last 30 days. Common stock shares were driven by 473.33% during last recorded quarter.