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After finishing at $18.83 in the prior trading day, Rocket Companies Inc (NYSE: RKT) closed at $19.16, up 1.75%. In other words, the price has increased by $1.75 from its previous closing price. On the day, 3.57 million shares were traded. RKT stock price reached its highest trading level at $19.35 during the session, while it also had its lowest trading level at $18.67.
Ratios:
Our goal is to gain a better understanding of RKT by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 20.54 whereas as Long-Term Debt/Eq ratio is at 15.15.
On January 16, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral and also upped its target price recommendation from $9 to $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 28 ’24 when Rizik Matthew bought 318 shares for $13.79 per share. The transaction valued at 4,385 led to the insider holds 707,528 shares of the business.
Rizik Matthew bought 316 shares of RKT for $4,361 on Jun 27 ’24. The Director now owns 707,210 shares after completing the transaction at $13.80 per share. On Jun 24 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 310 shares for $14.01 each. As a result, the insider paid 4,343 and bolstered with 706,418 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 38076665856 and an Enterprise Value of 22894725120. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 246.27, and their Forward P/E ratio for the next fiscal year is 31.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 4.744 whereas that against EBITDA is 26.239.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $21.38, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 6.48%, while the 200-Day Moving Average is calculated to be 34.48%.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 4061020 shares per day over the last 10 days, according to various share statistics. A total of 135.81M shares are outstanding, with a floating share count of 121.27M. Insiders hold about 13.73% of the company’s shares, while institutions hold 64.59% stake in the company. Shares short for RKT as of 1724976000 were 15808937 with a Short Ratio of 4.66, compared to 1722384000 on 16248834. Therefore, it implies a Short% of Shares Outstanding of 15808937 and a Short% of Float of 11.350001.
