The closing price of Rocket Companies Inc (NYSE: RKT) was $11.67 for the day, down -4.73% from the previous closing price of $12.25. On the day, 2757665 shares were traded.
Ratios:
Our analysis of RKT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.93. In the meantime, Its Debt-to-Equity ratio is 15.30 whereas as Long-Term Debt/Eq ratio is at 12.67.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 12 ’24 when Rizik Matthew bought 353 shares for $12.20 per share. The transaction valued at 4,307 led to the insider holds 695,637 shares of the business.
Rizik Matthew bought 158 shares of RKT for $1,940 on Apr 11 ’24. The Director now owns 695,284 shares after completing the transaction at $12.28 per share. On Apr 10 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 310 shares for $12.60 each. As a result, the insider paid 3,906 and bolstered with 695,126 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 2.54.
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.
Shares Statistics:
A total of 135.81M shares are outstanding, with a floating share count of 119.83M. Insiders hold about 12.38% of the company’s shares, while institutions hold 62.27% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Rocket Companies, Inc. analysts. The consensus estimate for the next quarter is $0.34, with high estimates of $26.66 and low estimates of $5.59.
Analysts are recommending an EPS of between $Real Estate and $Real Estate for the fiscal current year, implying an average EPS of $Technology.
