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Benzinga (Wed, 1-May 2:32 PM ET)
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Rocky Brands skyrockets as investors eye earnings beat, lighter debt load
Seeking Alpha News (Wed, 1-May 10:29 AM ET)
Rocky Brands Non-GAAP EPS of $0.41 beats by $0.36, revenue of $112.9M beats by $6.54M
Seeking Alpha News (Tue, 30-Apr 4:24 PM ET)
Rocky Brands Secures New $175M Credit Facility with Added Features
TipRanks (Tue, 30-Apr 4:24 PM ET)
Rocky Brands, Inc. Announces First Quarter 2024 Results
Business Wire (Tue, 30-Apr 4:05 PM ET)
Rocky Brands Q1 2024 Earnings Preview
Seeking Alpha News (Mon, 29-Apr 5:35 PM ET)
Rocky Brands announces debt refinancing
Seeking Alpha News (Mon, 29-Apr 4:15 PM ET)
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 May 2, 2024, RCKY stock price climbed to $34.00 with 118,688 million shares trading.
RCKY has a beta of 3.06, meaning it tends to be more sensitive to market movements. RCKY has a correlation of 0.25 to the broad based SPY ETF.
RCKY has a market cap of $252.20 million. This is considered a Small Cap stock.
Last quarter Rocky Brands reported $113 million in Revenue and $.41 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.39.
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, AVUV, VXF, IWN.
RCKY stock has underperformed the market in the last year with a return of +21.0%, while SPY returned +23.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RCKY shares. However, RCKY has outperformed the market in the last 3 month and 2 week periods, returning +20.7% and +27.8%, while SPY returned +3.6% and +0.9%, respectively. This indicates RCKY has been having a stronger performance recently.
RCKY support price is $31.91 and resistance is $34.27 (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.