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As of close of business last night, Rocket Companies Inc’s stock clocked out at $15.75, down -3.37% from its previous closing price of $16.30. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 4.05 million shares were traded. RKT stock price reached its highest trading level at $15.99 during the session, while it also had its lowest trading level at $15.05.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 20.54 whereas as Long-Term Debt/Eq ratio is at 15.15.
Citigroup Downgraded its Neutral to Sell on January 16, 2024, whereas the target price for the stock was revised from $9 to $10.
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 31299975168 and an Enterprise Value of 22415386624. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 202.44, and their Forward P/E ratio for the next fiscal year is 23.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.69 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 4.645 whereas that against EBITDA is 25.69.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $21.38, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is -13.47%, while the 200-Day Moving Average is calculated to be 4.77%.
Shares Statistics:
It appears that RKT traded 3.22M shares on average per day over the past three months and 2574090 shares per day over the past ten days. A total of 135.81M shares are outstanding, with a floating share count of 121.27M. Insiders hold about 13.73% of the company’s shares, while institutions hold 65.20% stake in the company. Shares short for RKT as of 1728950400 were 18812537 with a Short Ratio of 5.85, compared to 1726185600 on 16452299. Therefore, it implies a Short% of Shares Outstanding of 18812537 and a Short% of Float of 13.51.
