For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Rocket Companies Inc (NYSE: RKT) closed at $13.38 down -2.76% from its previous closing price of $13.76. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 4.84 million shares were traded. RKT stock price reached its highest trading level at $13.8 during the session, while it also had its lowest trading level at $13.375.
Ratios:
For a deeper understanding of Rocket Companies Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 26590072832 and an Enterprise Value of 22911674368. As of this moment, Rocket’s Price-to-Earnings (P/E) ratio for their current fiscal year is 79.50, and their Forward P/E ratio for the next fiscal year is 17.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.73 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 4.23 whereas that against EBITDA is 18.326.
Stock Price History:
The Beta on a monthly basis for RKT is 2.35, which has changed by -0.081674695 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, RKT has reached a high of $20.23, while it has fallen to a 52-week low of $9.52. The 50-Day Moving Average of the stock is 6.82%, while the 200-Day Moving Average is calculated to be -6.65%.
Shares Statistics:
For the past three months, RKT has traded an average of 5.18M shares per day and 7613370 over the past ten days. A total of 146.03M shares are outstanding, with a floating share count of 134.25M. Insiders hold about 9.00% of the company’s shares, while institutions hold 70.21% stake in the company. Shares short for RKT as of 1740700800 were 21434252 with a Short Ratio of 4.14, compared to 1738281600 on 19527791. Therefore, it implies a Short% of Shares Outstanding of 21434252 and a Short% of Float of 14.680000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The company has 12.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.12, with high estimates of $0.16 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.57 and $0.35 for the fiscal current year, implying an average EPS of $0.47. EPS for the following year is $0.77, with 13.0 analysts recommending between $0.95 and $0.62.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $1.26B this quarter.It ranges from a high estimate of $1.28B to a low estimate of $1.23B. As of the current estimate, Rocket Companies Inc’s year-ago sales were $1.16BFor the next quarter, 3 analysts are estimating revenue of $1.5B. There is a high estimate of $1.59B for the next quarter, whereas the lowest estimate is $1.42B.
A total of 4 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $6.23B, while the lowest revenue estimate was $5.72B, resulting in an average revenue estimate of $5.96B. In the same quarter a year ago, actual revenue was $4.9BBased on 4 analysts’ estimates, the company’s revenue will be $7.14B in the next fiscal year. The high estimate is $7.48B and the low estimate is $6.43B.
