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The price of Rocket Companies Inc (NYSE: RKT) closed at $20.35 in the last session, down -2.07% from day before closing price of $20.78. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 3.39 million shares were traded. RKT stock price reached its highest trading level at $20.7816 during the session, while it also had its lowest trading level at $20.145.
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 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:
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 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 40441556992 and an Enterprise Value of 23062003712. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 261.57, and their Forward P/E ratio for the next fiscal year is 35.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 4.32. Its current Enterprise Value per Revenue stands at 4.779 whereas that against EBITDA is 26.431.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $21.28, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 27.71%, while the 200-Day Moving Average is calculated to be 53.05%.
Shares Statistics:
According to the various share statistics, RKT traded on average about 2.92M shares per day over the past 3-months and 3077870 shares per day over the past 10 days. A total of 135.81M shares are outstanding, with a floating share count of 121.24M. Insiders hold about 13.75% of the company’s shares, while institutions hold 67.43% stake in the company. Shares short for RKT as of 1722384000 were 16248834 with a Short Ratio of 5.18, compared to 1719532800 on 18750295. Therefore, it implies a Short% of Shares Outstanding of 16248834 and a Short% of Float of 11.67.
