Why Rockwell Medical Inc. (RMTI) Went Down On Thursday?

We recently published a list of Thursday’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Rockwell Medical Inc. (NASDAQ:RMTI) stands against other Thursday’s worst-performing stocks.

Wall Street’s main indices edged lower on Thursday, erasing gains from the previous trading day that was buoyed by the Federal Reserve’s decision to keep rates unchanged.

Among the major indices, the tech-heavy Nasdaq led the drop, losing 0.33 percent. The S&P 500 declined by 0.22 percent, while the Dow Jones dipped by 0.03 percent.

Ten companies, predominantly under the micro- and small-cap sectors also mirrored losses. In this article, we have identified Thursday’s 10 worst performers and detailed the reasons behind their gains.

We classify micro-cap companies as those between $50 million and $300 million in market capitalization and small-cap firms as those between $300 million and $2 billion in market capitalization.

A line of biopharmaceutical products on a laboratory shelf waiting to be tested.

Rockwell Medical Inc. (NASDAQ:RMTI)

Rockwell Medical declined by 20.45 percent on Thursday to end at $1.4 each as investors shunned the company’s improved earnings performance and instead digested its soft outlook guidance for 2025.

In the fourth quarter of last year, RMTI said it narrowed its net loss by 50 percent to $800,000 from $1.5 million in the same period a year earlier. Net loss for the full-year period stood at $500,000, representing a 94 percent improvement from the $8.4 million reported in 2023.

Meanwhile, net sales for the quarter grew by 11.76 percent to $24.7 million from $22.1 million, while net sales for the full-year period increased by 21 percent to $101.5 million.

For this year, RMTI said it would continue to focus on achieving sustained profitability and growing its hemodialysis concentrates base business by adding new customers.

The company said it was targeting additional customers that represent an estimated 14.5 million gallons of potential available business within the company’s distribution footprint.

Overall, RMTI ranks 7th on our list of Thursday’s worst-performing stocks. While we acknowledge the potential of RMTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RMTI but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.