Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Rocket Companies Inc’s stock clocked out at $14.90, up 10.86% from its previous closing price of $13.44. In other words, the price has increased by $10.86 from its previous closing price. On the day, 8.79 million shares were traded.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 19.89 whereas as Long-Term Debt/Eq ratio is at 15.19.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 88.53, and their Forward P/E ratio for the next fiscal year is 18.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.38 while its Price-to-Book (P/B) ratio in mrq is 3.10.
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 21.96%, while the 200-Day Moving Average is calculated to be -1.35%.
Shares Statistics:
A total of 146.03M shares are outstanding, with a floating share count of 136.44M. Insiders hold about 7.37% of the company’s shares, while institutions hold 70.28% stake in the company.
