Rockwell Medical Inc logo

Rockwell Medical Inc(RMTI)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$6.94
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for RMTI

10/23/2026: RMTI (1-star) is currently NOT-A-BUY. Pass it for now.

Rockwell Medical is a specialized player in the hemodialysis supply market, focusing primarily on manufacturing and distributing liquid and powder concentrates. Its main strength lies in its established infrastructure and niche expertise, which supports recurring revenue streams. The company's primary growth story centers on operational efficiency and expanding its reach among independent dialysis clinics. However, it faces significant risks from pricing pressure in a market dominated by large, integrated competitors and high sensitivity to healthcare reimbursement policies. This stock may suit investors seeking a specialized healthcare turnaround play, though they should monitor quarterly progress on profitability and customer retention closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company is in a turnaround/scaling phase that may offer growth if execution remains strong.
Momentum investorWeak fitMomentum investors generally require sustained price appreciation trends which are not currently established.
Value investorMixed fitValuation may be attractive to those seeking turnaround plays, but profitability remains inconsistent.
Dividend investorWeak fitThe company does not pay a dividend, making it unsuitable for income-focused investors.
Low-risk investorWeak fitSmall-cap healthcare stocks inherently carry significant operational and market volatility risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap stocks in this sector often experience significant price swings based on news cycles.
Valuation riskMediumThe stock's valuation is highly dependent on achieving and sustaining profitability targets.
Competition risk (Consolidated Dialysis Market)HighThe market is dominated by large players with their own supply capabilities.
Business qualityMediumThe business model is reliable but currently lacks the scale of dominant industry incumbents.
Dividend incomeLow / noneInvestors should not expect any income generation from this equity.
Execution riskHighSuccess relies heavily on meeting operational efficiency targets and customer acquisition goals.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -52.16%
Avg. Invested days 22
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RMTI receives a 2-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
RMTI has moderate overall fundamentals (3 stars), with soft financial health, weak growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-1007.1%), weak cash generation (FCF margin -1.7%), negative revenue growth (-31.8%).

Financial Health Rating

★★★★★
RMTI's financial health is soft, with the relatively strongest area being solid liquidity, including working-capital and asset support (WC/assets 50.0%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
RMTI's growth profile is soft, with the least-weak measure being revenue growth at -31.8% FY2025 versus FY2024. By comparison, while earnings growth (-1007.1%, negative) and free-cash-flow growth (-137.6%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 8.5% and approximately 89.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 14.78% supports management-shareholder alignment.

Top 5 Institutional Investors

Vanguard Capital Management, LLC 3.05%
Geode Capital Management, LLC 0.90%
Renaissance Technologies Corp 0.89%
Jane Street Group LLC 0.61%
Vanguard Fiduciary Trust Co 0.58%

Unit Economics (Per $1K Revenue)

★★★★★
RMTI generates approximately $169 of gross profit, $-68 of operating income, and $-17 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
RMTI has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 27.97M USD
Price to earnings Ratio -
1Y Target Price 20
Price to earnings Ratio -
1Y Target Price 20
Volume (30-day avg) 25.1K shares
Beta 1.63
52 Weeks Range 4.88 - 12.90
Updated Date 10/24/2026
52 Weeks Range 4.88 - 12.90
Updated Date 10/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.34

How Company Makes Money

Business areaWhat it includesRetail investor read
Dialysis ConcentratesSale of liquid and powder acid/bicarbonate concentrates.This is the primary source of revenue, involving high-volume, recurring sales to clinics.
Ancillary SuppliesDialysis kits, medical supplies, and equipment sales.Supplemental revenue stream derived from servicing existing dialysis clinic customers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 24.57
Enterprise Value 24.77M
Price to Sales(TTM) 0.4
Enterprise Value 24.77M
Price to Sales(TTM) 0.4
Enterprise Value to Revenue 0.36
Enterprise Value to EBITDA 30.21
Shares Outstanding 4.03M
Shares Floating 3.59M
Shares Outstanding 4.03M
Shares Floating 3.59M
Percent Insiders 14.78
Percent Institutions 8.49

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.