Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Rocket Companies Inc (NYSE: RKT) closed the day trading at $18.85 down -2.18% from the previous closing price of $19.27. In other words, the price has decreased by -$2.18 from its previous closing price. On the day, 3.35 million shares were traded. RKT stock price reached its highest trading level at $19.155 during the session, while it also had its lowest trading level at $18.43.
Ratios:
For a better understanding of RKT, let’s 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 37460606976 and an Enterprise Value of 22851149824. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 242.29, and their Forward P/E ratio for the next fiscal year is 31.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 4.01. Its current Enterprise Value per Revenue stands at 4.735 whereas that against EBITDA is 26.189.
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 1.36%, while the 200-Day Moving Average is calculated to be 29.57%.
Shares Statistics:
Over the past 3-months, RKT traded about 3.43M shares per day on average, while over the past 10 days, RKT traded about 3335100 shares per day. 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 64.63% stake in the company. Shares short for RKT as of 1726185600 were 16452299 with a Short Ratio of 4.79, compared to 1723680000 on 15126191. Therefore, it implies a Short% of Shares Outstanding of 16452299 and a Short% of Float of 11.82.
