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The price of Rocket Companies Inc (NYSE: RKT) closed at $13.27 in the last session, down -4.74% from day before closing price of $13.93. In other words, the price has decreased by -$4.74 from its previous closing price. On the day, 3.71 million shares were traded. RKT stock price reached its highest trading level at $14.088 during the session, while it also had its lowest trading level at $13.2.
Ratios:
We take a closer look at RKT’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 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 26371471360 and an Enterprise Value of 21087135744. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 109.04, and their Forward P/E ratio for the next fiscal year is 24.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 2.83. Its current Enterprise Value per Revenue stands at 4.449 whereas that against EBITDA is 26.545.
Stock Price History:
The Beta on a monthly basis for RKT is 2.43, which has changed by 0.3217131 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -4.15%, while the 200-Day Moving Average is calculated to be 13.32%.
Shares Statistics:
According to the various share statistics, RKT traded on average about 2.34M shares per day over the past 3-months and 2118210 shares per day over the past 10 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 1718323200 were 17210083 with a Short Ratio of 7.36, compared to 1715731200 on 16868226. Therefore, it implies a Short% of Shares Outstanding of 17210083 and a Short% of Float of 12.46.
