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As of close of business last night, Rocket Companies Inc’s stock clocked out at $18.86, down -1.26% from its previous closing price of $19.10. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 2.83 million shares were traded. RKT stock price reached its highest trading level at $19.24 during the session, while it also had its lowest trading level at $18.68.
Ratios:
To gain a deeper understanding of RKT’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 20.54 whereas as Long-Term Debt/Eq ratio is at 15.15.
On January 16, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral and also upped its target price recommendation from $9 to $10.
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:
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 37480476672 and an Enterprise Value of 22852554752. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 242.42, and their Forward P/E ratio for the next fiscal year is 32.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 4.01. Its current Enterprise Value per Revenue stands at 4.735 whereas that against EBITDA is 26.191.
Stock Price History:
Over the past 52 weeks, RKT has reached a high of $21.28, while it has fallen to a 52-week low of $7.17. The 50-Day Moving Average of the stock is 11.38%, while the 200-Day Moving Average is calculated to be 36.75%.
Shares Statistics:
It appears that RKT traded 3.18M shares on average per day over the past three months and 3314640 shares per day over the past ten days. A total of 135.81M shares are outstanding, with a floating share count of 120.94M. Insiders hold about 13.97% of the company’s shares, while institutions hold 67.27% stake in the company. Shares short for RKT as of 1723680000 were 15126191 with a Short Ratio of 4.76, compared to 1721001600 on 16389298. Therefore, it implies a Short% of Shares Outstanding of 15126191 and a Short% of Float of 10.86.
