Rocket Companies Inc (NYSE: RKT) closed the day trading at $14.57 up 5.89% from the previous closing price of $13.76. In other words, the price has increased by $+0.81 from its previous closing price. On the day, 2128601 shares were traded.
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Ratios:
For a better understanding of RKT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.86. 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:
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 Mar 26 ’24 when Rizik Matthew bought 312 shares for $13.98 per share. The transaction valued at 4,362 led to the insider holds 692,766 shares of the business.
Rizik Matthew bought 310 shares of RKT for $4,380 on Mar 25 ’24. The Director now owns 692,454 shares after completing the transaction at $14.13 per share. On Mar 22 ’24, another insider, Rizik Matthew, who serves as the Director of the company, bought 309 shares for $14.03 each. As a result, the insider paid 4,335 and bolstered with 692,144 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 1.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 3.17.
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. The 50-Day Moving Average of the stock is 12.29, while the 200-Day Moving Average is calculated to be 10.55.
Shares Statistics:
Over the past 3-months, RKT traded about 2.49M shares per day on average, while over the past 10 days, RKT traded about 2.78M shares per day. A total of 135.81M shares are outstanding, with a floating share count of 119.45M. Insiders hold about 12.65% of the company’s shares, while institutions hold 62.25% stake in the company. Shares short for RKT as of Feb 29, 2024 were 18.72M with a Short Ratio of 7.21, compared to 20.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.69% and a Short% of Float of 14.40%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.01, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.47 and $0.17 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.57, with 14 analysts recommending between $0.79 and $0.37.
Revenue Estimates
10 analysts predict $1.03B in revenue for the current quarter. It ranges from a high estimate of $1.21B to a low estimate of $948.2M. As of the current estimate, Rocket Companies Inc’s year-ago sales were $666.07M, an estimated increase of 54.60% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.28B, an increase of 29.50% less than the figure of $54.60% in the same quarter last year. There is a high estimate of $1.43B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 11 analysts have provided revenue estimates for RKT’s current fiscal year. The highest revenue estimate was $5.49B, while the lowest revenue estimate was $4.03B, resulting in an average revenue estimate of $4.95B. In the same quarter a year ago, actual revenue was $3.8B, up 30.20% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $6.19B in the next fiscal year. The high estimate is $6.91B and the low estimate is $5.33B. The average revenue growth estimate for next year is up 25.10% from the average revenue estimate for this year.
