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After finishing at $11.35 in the prior trading day, Rocket Companies Inc (NYSE: RKT) closed at $11.11, down -2.11%. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 2.47 million shares were traded. RKT stock price reached its highest trading level at $11.325 during the session, while it also had its lowest trading level at $10.95.
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 23.44 whereas as Long-Term Debt/Eq ratio is at 15.29.
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, Keefe Bruyette on December 10, 2024, Downgraded its rating to Underperform and sets its target price to $11.50 from $16 previously.
On November 15, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $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:
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 22078902272 and an Enterprise Value of 23260262400. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.88 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 5.404 whereas that against EBITDA is 79.227.
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 $10.87. The 50-Day Moving Average of the stock is -23.78%, while the 200-Day Moving Average is calculated to be -27.28%.
Shares Statistics:
The stock has traded on average 3.36M shares per day over the past 3-months and 3931580 shares per day over the last 10 days, according to various share 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 66.29% stake in the company. Shares short for RKT as of 1732838400 were 15320838 with a Short Ratio of 4.85, compared to 1730332800 on 19191015. Therefore, it implies a Short% of Shares Outstanding of 15320838 and a Short% of Float of 10.6000006.
