RCKY Stock Summary and Trading Ideas (Rocky Brands | NASDAQ:RCKY)

Rocky Brands Inc acts as a designer, manufacturer, and marketer of premium-quality footwear and apparel. The company's family of brands includes Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation, and the licensed brand Michelin footwear. The company operates its business through three business segments: Wholesale, Retail and Contract. It generates majority of the revenue from Wholesale segment.

Rocky Brands trades on the NASDAQ stock market under the symbol RCKY.

As of April 19, 2024, RCKY stock price climbed to $26.66 with 17,162 million shares trading.

RCKY has a beta of 3.20, meaning it tends to be more sensitive to market movements. RCKY has a correlation of 0.26 to the broad based SPY ETF.

RCKY has a market cap of $197.75 million. This is considered a Micro Cap stock.

Last quarter Rocky Brands reported $126 million in Revenue and $.98 earnings per share. This fell short of revenue expectation by $-5 million and met earnings estimates .

In the last 3 years, RCKY stock traded as high as $69.00 and as low as $11.78.

The top ETF exchange traded funds that RCKY belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

RCKY has underperformed the market in the last year with a return of +6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, RCKY fell short of the market, returning +0.4%, while SPY returned +3.0%. However, in the most recent 2 weeks RCKY has outperformed the stock market by returning -0.4%, while SPY returned -4.5%.

RCKY support price is $24.85 and resistance is $26.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RCKY stock will trade within this expected range on the day.