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The closing price of Rocket Companies Inc (NYSE: RKT) was $17.64 for the day, down -1.84% from the previous closing price of $17.97. In other words, the price has decreased by -$1.84 from its previous closing price. On the day, 1.87 million shares were traded. RKT stock price reached its highest trading level at $17.99 during the session, while it also had its lowest trading level at $17.4238.
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 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:
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 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 35055968256 and an Enterprise Value of 22681061376. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 226.74, and their Forward P/E ratio for the next fiscal year is 30.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 3.75. Its current Enterprise Value per Revenue stands at 4.7 whereas that against EBITDA is 25.994.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $18.70, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 18.80%, while the 200-Day Moving Average is calculated to be 39.38%.
Shares Statistics:
RKT traded an average of 2.86M shares per day over the past three months and 4735970 shares per day over the past ten 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 69.13% stake in the company. Shares short for RKT as of 1721001600 were 16389298 with a Short Ratio of 5.68, compared to 1718323200 on 17210083. Therefore, it implies a Short% of Shares Outstanding of 16389298 and a Short% of Float of 11.8599996.
