Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Rocket Companies Inc (NYSE: RKT) closed the day trading at $13.50 down -1.82% from the previous closing price of $13.75. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 2.56 million shares were traded. RKT stock price reached its highest trading level at $13.71 during the session, while it also had its lowest trading level at $13.375.
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.
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 26828550144 and an Enterprise Value of 23505266688. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.05 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 5.46 whereas that against EBITDA is 80.062.
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 $9.64. The 50-Day Moving Average of the stock is -16.28%, while the 200-Day Moving Average is calculated to be -11.63%.
Shares Statistics:
Over the past 3-months, RKT traded about 3.42M shares per day on average, while over the past 10 days, RKT traded about 2746050 shares per day. A total of 144.92M shares are outstanding, with a floating share count of 134.67M. Insiders hold about 7.66% of the company’s shares, while institutions hold 66.32% stake in the company. Shares short for RKT as of 1731628800 were 16107603 with a Short Ratio of 4.71, compared to 1728950400 on 18812537. Therefore, it implies a Short% of Shares Outstanding of 16107603 and a Short% of Float of 11.1499995.
