In the latest session, Rocket Companies Inc. (NYSE: RKT) closed at $7.84 down -2.00% from its previous closing price of $8.00. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 2033134 shares were traded. RKT stock price reached its highest trading level at $7.98 during the session, while it also had its lowest trading level at $7.66.
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For a deeper understanding of Rocket Companies Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.62. In the meantime, Its Debt-to-Equity ratio is 19.71 whereas as Long-Term Debt/Eq ratio is at 7.05.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 27 when Rizik Matthew bought 2,000 shares for $6.95 per share. The transaction valued at 13,900 led to the insider holds 571,502 shares of the business.
Rizik Matthew bought 2,900 shares of RKT for $21,170 on Dec 23. The Director now owns 569,502 shares after completing the transaction at $7.30 per share. On Dec 22, another insider, Rizik Matthew, who serves as the Director of the company, bought 3,000 shares for $7.31 each. As a result, the insider paid 21,930 and bolstered with 566,602 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RKT now has a Market Capitalization of 1.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.92 while its Price-to-Book (P/B) ratio in mrq is 1.70.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $11.38, while it has fallen to a 52-week low of $5.97. The 50-Day Moving Average of the stock is 8.69, while the 200-Day Moving Average is calculated to be 8.17.
For the past three months, RKT has traded an average of 2.36M shares per day and 1.74M over the past ten days. A total of 1.98B shares are outstanding, with a floating share count of 118.91M. Insiders hold about 5.90% of the company’s shares, while institutions hold 65.20% stake in the company. Shares short for RKT as of Apr 27, 2023 were 32.93M with a Short Ratio of 32.93M, compared to 33.43M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 26.02% and a Short% of Float of 27.49%.
There are 14 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.06, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0, with high estimates of $0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0 and -$0.21 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.5, with 15 analysts recommending between $0.81 and -$0.02.
A total of 7 analysts believe the company’s revenue will be $969.73M this quarter.It ranges from a high estimate of $997M to a low estimate of $941M. As of the current estimate, Rocket Companies Inc.’s year-ago sales were $1.39B, an estimated decrease of -30.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $1.04B, a decrease of -4.40% over than the figure of -$30.40% in the same quarter last year. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $977M.
A total of 10 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $4.17B, while the lowest revenue estimate was $3.5B, resulting in an average revenue estimate of $3.75B. In the same quarter a year ago, actual revenue was $5.84B, down -35.80% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $5.77B in the next fiscal year. The high estimate is $6.87B and the low estimate is $5.1B. The average revenue growth estimate for next year is up 53.90% from the average revenue estimate for this year.