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In the latest session, Rocket Companies Inc (NYSE: RKT) closed at $14.33 up 1.20% from its previous closing price of $14.16. In other words, the price has increased by $1.20 from its previous closing price. On the day, 2.51 million shares were traded. RKT stock price reached its highest trading level at $14.38 during the session, while it also had its lowest trading level at $14.045.
Ratios:
For a deeper understanding of Rocket Companies Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 18.95 whereas as Long-Term Debt/Eq ratio is at 13.00.
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:
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 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 26 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 165 shares for $13.61 each. As a result, the insider paid 2,246 and bolstered with 706,894 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 28478009344 and an Enterprise Value of 21234980864. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 117.75, and their Forward P/E ratio for the next fiscal year is 26.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 3.05. Its current Enterprise Value per Revenue stands at 4.48 whereas that against EBITDA is 26.731.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $15.81, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 2.81%, while the 200-Day Moving Average is calculated to be 21.38%.
Shares Statistics:
For the past three months, RKT has traded an average of 2.35M shares per day and 2758420 over the past ten days. A total of 135.81M shares are outstanding, with a floating share count of 120.30M. Insiders hold about 13.75% of the company’s shares, while institutions hold 63.91% stake in the company. Shares short for RKT as of 1719532800 were 18750295 with a Short Ratio of 7.96, compared to 1717113600 on 18309339. Therefore, it implies a Short% of Shares Outstanding of 18750295 and a Short% of Float of 13.569999999999999.
Earnings Estimates
The dynamic stock of Rocket Companies Inc (RKT) is currently attracting attention from 6.0 analysts actively involved in rating its market status.On average, analysts expect EPS of $0.71 for the current quarter, with a high estimate of $0.84 and a low estimate of $0.56, while EPS last year was $0.89. The consensus estimate for the next quarter is $0.89, with high estimates of $1.01 and low estimates of $0.73.
Analysts are recommending an EPS of between $2.44 and $1.8 for the fiscal current year, implying an average EPS of $2.14. EPS for the following year is $3.6, with 7.0 analysts recommending between $4.14 and $3.19.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $5.12B. There is a high estimate of $5.29B for the next quarter, whereas the lowest estimate is $4.99B.
A total of 8 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $19.87B, while the lowest revenue estimate was $19.03B, resulting in an average revenue estimate of $19.42B. In the same quarter a year ago, actual revenue was $20.31BBased on 7 analysts’ estimates, the company’s revenue will be $20.38B in the next fiscal year. The high estimate is $21.03B and the low estimate is $19.74B.
