Apr. 29 at 12:04 AM
$RCKT ⚡ THE MATH THAT MATTERS
At
$3.49 PPS, RCKT trades at
$378M market cap. Pro-forma cash post-PRV is roughly
$320M (
$140M residual cash +
$180M PRV). That implies the market is pricing the entire gene therapy pipeline at ~
$58M — Danon Phase 2, PKP2-ACM Phase 1, BAG3-DCM, Fanconi Anemia, plus KRESLADI™ commercial launch optionality. Net cash per share ≈
$2.95, meaning enterprise value per share is only ~
$0.54. Crazy undervalued all comes down to Danon success