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After finishing at $15.54 in the prior trading day, Rocket Companies Inc (NYSE: RKT) closed at $14.13, down -9.07%. In other words, the price has decreased by -$9.07 from its previous closing price. On the day, 13.35 million shares were traded. RKT stock price reached its highest trading level at $14.44 during the session, while it also had its lowest trading level at $13.375.
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.
Citigroup Downgraded its Neutral to Sell on January 16, 2024, whereas the target price for the stock was revised from $9 to $10.
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 28080547840 and an Enterprise Value of 23539603456. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 181.62, and their Forward P/E ratio for the next fiscal year is 22.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.32 while its Price-to-Book (P/B) ratio in mrq is 3.14. Its current Enterprise Value per Revenue stands at 5.468 whereas that against EBITDA is 80.071.
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 $7.99. The 50-Day Moving Average of the stock is -20.54%, while the 200-Day Moving Average is calculated to be -6.49%.
Shares Statistics:
The stock has traded on average 3.29M shares per day over the past 3-months and 3473730 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 121.27M. Insiders hold about 13.73% of the company’s shares, while institutions hold 65.29% stake in the company. Shares short for RKT as of 1730332800 were 19191015 with a Short Ratio of 5.83, compared to 1727654400 on 18192691. Therefore, it implies a Short% of Shares Outstanding of 19191015 and a Short% of Float of 13.780000000000001.
