Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
As of close of business last night, Rocket Companies Inc’s stock clocked out at $11.74, up 1.38% from its previous closing price of $11.58. In other words, the price has increased by $1.38 from its previous closing price. On the day, 3.11 million shares were traded. RKT stock price reached its highest trading level at $11.79 during the session, while it also had its lowest trading level at $11.22.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine 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.
On December 10, 2024, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform and also lowered its target price recommendation from $16 to $11.50.
BofA Securities Upgraded its Underperform to Neutral on November 15, 2024, while the target price for the stock was maintained at $15.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 23330902016 and an Enterprise Value of 23248594944. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.26 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 5.401 whereas that against EBITDA is 79.188.
Stock Price History:
The Beta on a monthly basis for RKT is 2.42, which has changed by -0.05237317 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, RKT has reached a high of $21.38, while it has fallen to a 52-week low of $10.06. The 50-Day Moving Average of the stock is -9.12%, while the 200-Day Moving Average is calculated to be -22.30%.
Shares Statistics:
It appears that RKT traded 3.39M shares on average per day over the past three months and 3270850 shares per day over the past ten days. 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 66.31% stake in the company. Shares short for RKT as of 1735603200 were 17830873 with a Short Ratio of 5.26, compared to 1732838400 on 15320838. Therefore, it implies a Short% of Shares Outstanding of 17830873 and a Short% of Float of 12.34.
