Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Rocket Companies Inc’s stock clocked out at $12.63, up 5.51% from its previous closing price of $11.97. In other words, the price has increased by $5.51 from its previous closing price. On the day, 1.96 million shares were traded. RKT stock price reached its highest trading level at $12.73 during the session, while it also had its lowest trading level at $11.88.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.07. In the meantime, Its Debt-to-Equity ratio is 15.30 whereas as Long-Term Debt/Eq ratio is at 12.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 16, 2024, Downgraded its rating to Sell and sets its target price to $10 from $9 previously.
JP Morgan Downgraded its Neutral to Underweight on January 04, 2024, whereas the target price for the stock was revised from $8.50 to $10.50.
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 Apr 19 ’24 when Rizik Matthew bought 380 shares for $11.53 per share. The transaction valued at 4,381 led to the insider holds 697,133 shares of the business.
Rizik Matthew bought 383 shares of RKT for $4,382 on Apr 17 ’24. The Director now owns 696,753 shares after completing the transaction at $11.44 per share. On Apr 16 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 375 shares for $11.46 each. As a result, the insider paid 4,298 and bolstered with 696,370 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 25099597824 and an Enterprise Value of 17625298944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 4.4 whereas that against EBITDA is 261.705.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $15.19, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 1.19%, while the 200-Day Moving Average is calculated to be 16.34%.
Shares Statistics:
It appears that RKT traded 2.42M shares on average per day over the past three months and 2322540 shares per day over the past ten days. A total of 135.81M shares are outstanding, with a floating share count of 121.59M. Insiders hold about 12.41% of the company’s shares, while institutions hold 61.45% stake in the company. Shares short for RKT as of 1711584000 were 20138847 with a Short Ratio of 8.31, compared to 1709164800 on 18717541. Therefore, it implies a Short% of Shares Outstanding of 20138847 and a Short% of Float of 15.49.
Earnings Estimates
The company has 13.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.01, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.47 and $0.17 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.57, with 14.0 analysts recommending between $0.79 and $0.35.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $1.02B. It ranges from a high estimate of $1.15B to a low estimate of $911M. As of the current estimate, Rocket Companies Inc’s year-ago sales were $666.07MFor the next quarter, 10 analysts are estimating revenue of $1.25B. There is a high estimate of $1.35B for the next quarter, whereas the lowest estimate is $1.13B.
A total of 12 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $5.38B, while the lowest revenue estimate was $4.03B, resulting in an average revenue estimate of $4.89B. In the same quarter a year ago, actual revenue was $3.8BBased on 12 analysts’ estimates, the company’s revenue will be $6.16B in the next fiscal year. The high estimate is $6.78B and the low estimate is $5.33B.
