Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Rocket Companies Inc (NYSE: RKT) was $12.24 for the day, down -7.06% from the previous closing price of $13.17. In other words, the price has decreased by -$7.06 from its previous closing price. On the day, 10.44 million shares were traded.
Ratios:
Our analysis of RKT’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 25.35 whereas as Long-Term Debt/Eq ratio is at 19.73.
On April 02, 2025, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $14.
Deutsche Bank Upgraded its Hold to Buy on April 02, 2025, while the target price for the stock was maintained at $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11 while its Price-to-Book (P/B) ratio in mrq is 3.15.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $20.23, while it has fallen to a 52-week low of $9.52. The 50-Day Moving Average of the stock is -5.33%, while the 200-Day Moving Average is calculated to be -13.24%.
Shares Statistics:
A total of 150.15M shares are outstanding, with a floating share count of 138.37M. Insiders hold about 8.53% of the company’s shares, while institutions hold 92.88% stake in the company.
