For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Rocket Companies Inc’s stock clocked out at $14.25, up 8.12% from its previous closing price of $13.18. In other words, the price has increased by $8.12 from its previous closing price. On the day, 17.08 million shares were traded. RKT stock price reached its highest trading level at $14.38 during the session, while it also had its lowest trading level at $13.12.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 19.89 whereas as Long-Term Debt/Eq ratio is at 15.19.
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 28319025152 and an Enterprise Value of 22882211840. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.67, and their Forward P/E ratio for the next fiscal year is 18.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.10 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 4.225 whereas that against EBITDA is 18.303.
Stock Price History:
The Beta on a monthly basis for RKT is 2.32, which has changed by 0.1575954 over the last 52 weeks, in comparison to a change of 0.087141395 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 13.97%, while the 200-Day Moving Average is calculated to be -5.66%.
Shares Statistics:
It appears that RKT traded 4.31M shares on average per day over the past three months and 10500030 shares per day over the past ten days. A total of 146.03M shares are outstanding, with a floating share count of 135.87M. Insiders hold about 7.76% of the company’s shares, while institutions hold 70.26% stake in the company. Shares short for RKT as of 1740700800 were 21434252 with a Short Ratio of 4.97, compared to 1738281600 on 19527791. Therefore, it implies a Short% of Shares Outstanding of 21434252 and a Short% of Float of 14.680000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
