Wall Street Zen Downgrades Rocket One Inc. Common Stock (NASDAQ:RKTO) to Strong Sell

Rocket One Inc. Common Stock (NASDAQ:RKTO) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

RKTO has been the topic of a number of other reports. Weiss Ratings raised shares of Rocket One Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. D. Boral Capital reiterated a “buy” rating and issued a $5.00 price target on shares of Rocket One Inc. Common Stock in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

Rocket One Inc. Common Stock Trading Down 4.1%

NASDAQ RKTO opened at $0.81 on Friday. The stock has a market cap of $18.11 million, a PE ratio of -1.01 and a beta of 0.93. Rocket One Inc. Common Stock has a 12 month low of $0.49 and a 12 month high of $2.45. The company’s 50-day moving average price is $1.04 and its 200-day moving average price is $0.95.

Rocket One Inc. Common Stock (NASDAQ:RKTO) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03).

Institutional Trading of Rocket One Inc. Common Stock

Several institutional investors and hedge funds have recently made changes to their positions in RKTO. DRW Securities LLC purchased a new stake in Rocket One Inc. Common Stock in the fourth quarter worth about $257,000. Geode Capital Management LLC increased its position in Rocket One Inc. Common Stock by 18.0% during the 4th quarter. Geode Capital Management LLC now owns 181,112 shares of the company’s stock valued at $179,000 after purchasing an additional 27,577 shares during the period. Citadel Advisors LLC purchased a new position in Rocket One Inc. Common Stock during the 3rd quarter valued at about $232,000. Virtu Financial LLC bought a new stake in shares of Rocket One Inc. Common Stock in the 3rd quarter valued at about $184,000. Finally, Lido Advisors LLC raised its holdings in shares of Rocket One Inc. Common Stock by 100.0% in the 1st quarter. Lido Advisors LLC now owns 39,000 shares of the company’s stock valued at $33,000 after purchasing an additional 19,500 shares in the last quarter. 7.08% of the stock is currently owned by institutional investors.

About Rocket One Inc. Common Stock

Hoth Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the acquisition, licensing and development of novel therapies for dermatological, central nervous system and other debilitating conditions. The company’s strategy emphasizes in-licensing late preclinical or early clinical assets with promising pharmacological profiles and leveraging formulation science to optimize delivery. Core to its approach is the design of topical and localized administration platforms intended to enhance drug penetration, sustain release and reduce systemic exposure.

Hoth’s development pipeline encompasses multiple candidate programs addressing high-unmet-need areas such as atopic dermatitis, epidermolysis bullosa and oral mucositis.