SSgA Funds Management, Inc. has recently announced that it has increased stake in Rockley Photonics Holdings Limited (NYSE:RKLY) by 26.44%. After grabbing 2.01 million shares, the institutional investor is now in possession of 0.42 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.52% having worth around $1.02 million. Moreover, Banque Lombard Odier & Cie SA increased its share by 1.74 million to have a control over 1.74 million shares. And Pekin Hardy Strauss, Inc. raised its holdings to 0.74 million shares by acquiring 1.69 million shares or 1.27% of the stake.
Rockley Photonics Holdings Limited (RKLY) concluded trading on 11/23/22 at a closing price of $0.27, with 0.47 million shares of worth about $0.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -90.58% during that period and on Wednesday the price saw a loss of about -2.75%. Currently the company’s common shares owned by public are about 130.75M shares, out of which, 100.33M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 1,486,518 shares in 20 of the transactions. In 8 selling transactions, insiders dumped 49,156 shares.
iShares Russell 2000 ETF, Vanguard Extended Market Index Fu, and Appleseed Fund are the top 3 mutual funds which are holding stakes in Rockley Photonics Holdings Limited iShares Russell 2000 ETF is currently holding 1.99 million shares of worth totaling $1.02 million. The company recently came selling 37022.0 shares which brought its stake up to 1.51% of the company’s outstanding shares. Appleseed Fund, after buying 0.8 million shares, have now control over 0.61% of the stake in the company. It holds 50000.0 shares of worth $0.41 million.
However, the stock later moved at a day high price of 0.2850, or with a loss of -2.75%. Stock saw a price change of -14.80% in past 5 days and over the past one month there was a price change of -56.47%. Year-to-date (YTD), RKLY shares are showing a performance of -93.74% which decreased to -95.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.27 but also hit the highest price of $6.87 during that period. The average intraday trading volume for Rockley Photonics Holdings Limited shares is 744.81K. The stock is currently trading -33.10% below its 20-day simple moving average (SMA20), while that difference is down -55.62% for SMA50 and it goes to -88.54% lower than SMA200.
SSgA Funds Management, Inc. acquired 2.01 million shares of Rockley Photonics Holdings Limited having value of about $1.02 million. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 0.42 million shares in the company valued at close to $113195.07, or have control over 26.44% stake in the company. Rockley Photonics Holdings Limited (NYSE: RKLY) currently have 130.75M outstanding shares and institutions hold larger chunk of about 22.20% of that. Holding of mutual funds in the company is about 13.82% while other institutional holders and individual stake holders have control over 6.83% and 10.33% of the stake respectively.
The stock has a current market capitalization of $36.65M. It has posted earnings per share of -$1.29 in the same period. It has Quick Ratio of 2.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RKLY, volatility over the week remained 11.81% while standing at 14.49% over the month.
Analysts are in expectations that Rockley Photonics Holdings Limited (RKLY) stock would likely to be making an EPS of -$0.25 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is -$0.85 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -161.80% while it is estimated to increase by 53.40% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on August 12, 2022 offering a Neutral rating for the stock and assigned a target price range of between $6 and $2 to it. Coverage by BofA Securities stated Rockley Photonics Holdings Limited (RKLY) stock as a Neutral in their note to investors on December 22, 2021, suggesting a price target of $6 for the stock. On September 17, 2021, BofA Securities Initiated their recommendations, while on September 09, 2021, Cowen Initiated their ratings for the stock with a price target of $22. Stock get a Buy rating from Needham on September 07, 2021.