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In the latest session, Rocket Companies Inc (NYSE: RKT) closed at $16.32 up 0.18% from its previous closing price of $16.29. In other words, the price has increased by $0.18 from its previous closing price. On the day, 2.76 million shares were traded. RKT stock price reached its highest trading level at $16.65 during the session, while it also had its lowest trading level at $16.16.
Ratios:
For a deeper understanding of Rocket Companies Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 20.54 whereas as Long-Term Debt/Eq ratio is at 15.15.
On January 16, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral and also upped its target price recommendation from $9 to $10.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 32432734208 and an Enterprise Value of 22495510528. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 209.77, and their Forward P/E ratio for the next fiscal year is 25.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 3.47. Its current Enterprise Value per Revenue stands at 4.661 whereas that against EBITDA is 25.782.
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 $7.18. The 50-Day Moving Average of the stock is -12.97%, while the 200-Day Moving Average is calculated to be 9.58%.
Shares Statistics:
For the past three months, RKT has traded an average of 3.49M shares per day and 3049250 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 64.80% stake in the company. Shares short for RKT as of 1728950400 were 18812537 with a Short Ratio of 5.39, compared to 1726185600 on 16452299. Therefore, it implies a Short% of Shares Outstanding of 18812537 and a Short% of Float of 13.51.
