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After finishing at $13.98 in the prior trading day, Rocket Companies Inc (NYSE: RKT) closed at $13.88, down -0.72%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 6.72 million shares were traded. RKT stock price reached its highest trading level at $13.925 during the session, while it also had its lowest trading level at $13.49.
Ratios:
Our goal is to gain a better understanding of RKT by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 08 ’24 when Rizik Matthew bought 313 shares for $13.68 per share. The transaction valued at 4,282 led to the insider holds 699,643 shares of the business.
Rizik Matthew bought 97 shares of RKT for $1,196 on May 02 ’24. The Director now owns 699,330 shares after completing the transaction at $12.33 per share. On May 01 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 321 shares for $12.20 each. As a result, the insider paid 3,916 and bolstered with 699,233 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 27583723520 and an Enterprise Value of 21151430656. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.05, and their Forward P/E ratio for the next fiscal year is 25.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 4.462 whereas that against EBITDA is 26.607.
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 8.59%, while the 200-Day Moving Average is calculated to be 26.17%.
Shares Statistics:
The stock has traded on average 2.46M shares per day over the past 3-months and 2239950 shares per day over the last 10 days, according to various share statistics. A total of 135.81M shares are outstanding, with a floating share count of 122.19M. Insiders hold about 12.39% of the company’s shares, while institutions hold 60.88% stake in the company. Shares short for RKT as of 1713139200 were 18696939 with a Short Ratio of 7.61, compared to 1710460800 on 17935777. Therefore, it implies a Short% of Shares Outstanding of 18696939 and a Short% of Float of 14.38.
