Ratios Reveal: Breaking Down Rocket Companies Inc (RKT)’s Financial Health

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Rocket Companies Inc (NYSE: RKT) closed the day trading at $12.17 down -0.16% from the previous closing price of $12.19. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 3.12 million shares were traded.

Ratios:

For a better understanding of RKT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 23.44 whereas as Long-Term Debt/Eq ratio is at 15.29.

On December 10, 2024, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform and also lowered its target price recommendation from $16 to $11.50.

BofA Securities Upgraded its Underperform to Neutral on November 15, 2024, while the target price for the stock was maintained at $15.

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 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:

For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 2.70.

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 $10.06. The 50-Day Moving Average of the stock is -0.85%, while the 200-Day Moving Average is calculated to be -19.35%.

Shares Statistics:

A total of 144.92M shares are outstanding, with a floating share count of 135.07M. Insiders hold about 7.38% of the company’s shares, while institutions hold 66.04% stake in the company.

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