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As of close of business last night, Rocket Companies Inc’s stock clocked out at $15.15, up 1.68% from its previous closing price of $14.90. In other words, the price has increased by $1.68 from its previous closing price. On the day, 1.78 million shares were traded. RKT stock price reached its highest trading level at $15.276 during the session, while it also had its lowest trading level at $14.7926.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 18.95 whereas as Long-Term Debt/Eq ratio is at 13.00.
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 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 30107594752 and an Enterprise Value of 21349351424. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 124.49, and their Forward P/E ratio for the next fiscal year is 27.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 3.23. Its current Enterprise Value per Revenue stands at 4.504 whereas that against EBITDA is 26.875.
Stock Price History:
The Beta on a monthly basis for RKT is 2.43, which has changed by 0.44837475 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, RKT has reached a high of $15.88, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 6.90%, while the 200-Day Moving Average is calculated to be 25.79%.
Shares Statistics:
It appears that RKT traded 2.51M shares on average per day over the past three months and 3315150 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 64.04% stake in the company. Shares short for RKT as of 1719532800 were 18750295 with a Short Ratio of 7.46, compared to 1717113600 on 18309339. Therefore, it implies a Short% of Shares Outstanding of 18750295 and a Short% of Float of 13.569999999999999.
