As of close of business last night, Rocket Companies Inc’s stock clocked out at $14.15, up 4.81% from its previous closing price of $13.50. In other words, the price has increased by $+0.65 from its previous closing price. On the day, 4812554 shares were traded.
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Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.71. In the meantime, Its Debt-to-Equity ratio is 15.30 whereas as Long-Term Debt/Eq ratio is at 12.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 16, 2024, Downgraded its rating to Sell and sets its target price to $10 from $9 previously.
JP Morgan Downgraded its Neutral to Underweight on January 04, 2024, whereas the target price for the stock was revised from $8.50 to $10.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when Rizik Matthew bought 203 shares for $12.66 per share. The transaction valued at 2,570 led to the insider holds 691,835 shares of the business.
Rizik Matthew bought 213 shares of RKT for $2,592 on Mar 19 ’24. The Director now owns 691,632 shares after completing the transaction at $12.17 per share. On Mar 18 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 356 shares for $12.30 each. As a result, the insider paid 4,379 and bolstered with 691,419 shares of the company.
Valuation Measures:
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 1.85B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 3.08.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $15.19, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 12.15, while the 200-Day Moving Average is calculated to be 10.44.
Shares Statistics:
It appears that RKT traded 2.53M shares on average per day over the past three months and 2.92M shares per day over the past ten days. A total of 135.81M shares are outstanding, with a floating share count of 119.45M. Insiders hold about 12.65% of the company’s shares, while institutions hold 62.26% stake in the company. Shares short for RKT as of Feb 29, 2024 were 18.72M with a Short Ratio of 7.40, compared to 20.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.69% and a Short% of Float of 14.40%.
Earnings Estimates
As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.01, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.47 and $0.17 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.58, with 15 analysts recommending between $0.79 and $0.37.
Revenue Estimates
In the current quarter, 11 analysts expect revenue to total $1.03B. It ranges from a high estimate of $1.21B to a low estimate of $948.2M. As of the current estimate, Rocket Companies Inc’s year-ago sales were $666.07M, an estimated increase of 54.70% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $1.28B, an increase of 29.40% less than the figure of $54.70% in the same quarter last year. There is a high estimate of $1.43B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 12 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $5.49B, while the lowest revenue estimate was $4.03B, resulting in an average revenue estimate of $4.95B. In the same quarter a year ago, actual revenue was $3.8B, up 30.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $6.19B in the next fiscal year. The high estimate is $6.91B and the low estimate is $5.33B. The average revenue growth estimate for next year is up 25.00% from the average revenue estimate for this year.
