Rank One Computing (NASDAQ:ROC) Posts Earnings Results

Rank One Computing (NASDAQ:ROC) released its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, Zacks reports.

Rank One Computing Stock Performance

Shares of ROC stock traded down $0.06 during mid-day trading on Thursday, reaching $3.49. The company’s stock had a trading volume of 43,083 shares, compared to its average volume of 52,327. Rank One Computing has a 1-year low of $3.25 and a 1-year high of $7.80. The company has a market cap of $66.59 million and a P/E ratio of -15.86. The firm’s 50-day moving average is $3.87 and its two-hundred day moving average is $4.95.

Insider Activity at Rank One Computing

In other news, major shareholder Scott Jeffrey Klum sold 1,200,000 shares of Rank One Computing stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $3.42, for a total transaction of $4,104,000.00. Following the sale, the insider directly owned 1,752,560 shares in the company, valued at approximately $5,993,755.20. The trade was a 40.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROC. Benchmark restated a “buy” rating on shares of Rank One Computing in a research note on Friday, August 14th. Craig Hallum began coverage on Rank One Computing in a research report on Monday, September 28th. They issued a “buy” rating and a $6.50 price objective for the company. Finally, Weiss Ratings raised Rank One Computing from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rank One Computing currently has an average rating of “Hold” and a consensus price target of $7.75.

About Rank One Computing

Rank One Computing is a technology company that develops artificial intelligence and computer-vision software. Its platform is designed to help organizations analyze images and video, identify visual patterns, and support identity-related applications. The company’s offerings include computer-vision software development kits, application programming interfaces, and tools for facial recognition, image matching, object detection, and related biometric workflows. These products are intended to help government, defense, law-enforcement, security, and commercial organizations incorporate visual intelligence into their applications and operational systems.