The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Rocket Companies Inc (NYSE: RKT) closed the day trading at $10.58 down -2.22% from the previous closing price of $10.82. In other words, the price has decreased by -$2.22 from its previous closing price. On the day, 3.42 million shares were traded. RKT stock price reached its highest trading level at $11.17 during the session, while it also had its lowest trading level at $10.445.
Ratios:
For a better understanding of RKT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 23.44 whereas as Long-Term Debt/Eq ratio is at 15.29.
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, Keefe Bruyette on December 10, 2024, Downgraded its rating to Underperform and sets its target price to $11.50 from $16 previously.
On November 15, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $15.
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 21025634304 and an Enterprise Value of 23079426048. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 5.362 whereas that against EBITDA is 78.611.
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 $10.67. The 50-Day Moving Average of the stock is -21.91%, while the 200-Day Moving Average is calculated to be -30.42%.
Shares Statistics:
Over the past 3-months, RKT traded about 3.30M shares per day on average, while over the past 10 days, RKT traded about 2957850 shares per day. A total of 144.92M shares are outstanding, with a floating share count of 135.07M. Insiders hold about 7.38% of the company’s shares, while institutions hold 66.29% stake in the company. Shares short for RKT as of 1734048000 were 16323072 with a Short Ratio of 4.95, compared to 1731628800 on 16107603. Therefore, it implies a Short% of Shares Outstanding of 16323072 and a Short% of Float of 11.3000005.
