Rank One Computing (NASDAQ:ROC) Releases Earnings Results

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

Rank One Computing Price Performance

Shares of ROC traded down $0.06 on Thursday, hitting $3.49. The company’s stock had a trading volume of 43,083 shares, compared to its average volume of 52,327. The company has a market capitalization of $66.59 million and a PE ratio of -15.86. Rank One Computing has a fifty-two week low of $3.25 and a fifty-two week high of $7.80. The company has a 50 day moving average price of $3.87 and a 200 day moving average price of $4.95.

Insiders Place Their Bets

In related news, major shareholder Scott Jeffrey Klum sold 1,200,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $3.42, for a total transaction of $4,104,000.00. Following the completion of the sale, the insider directly owned 1,752,560 shares of the company’s stock, valued at $5,993,755.20. This trade represents a 40.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Rank One Computing Company Profile

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.