Rocket Companies Inc (RKT) concluded trading on Thursday at a closing price of $12.31, with 2.93 million shares of worth about $36.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.39% during that period and on March 14, 2024 the price saw a loss of about -1.44%. Currently the company’s common shares owned by public are about 135.81M shares, out of which, 120.60M shares are available for trading.
However, the stock later moved at a day high price of 12.68, or with a loss of -1.44%. Stock saw a price change of -2.61% in past 5 days and over the past one month there was a price change of 9.52%. Year-to-date (YTD), RKT shares are showing a performance of -14.99% which increased to 45.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.17 but also hit the highest price of $15.19 during that period. The average intraday trading volume for Rocket Companies Inc shares is 2.89 million. The stock is currently trading 2.54% above its 20-day simple moving average (SMA20), while that difference is up 1.11% for SMA50 and it goes to 19.58% higher than SMA200.
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Rocket Companies Inc (NYSE: RKT) currently have 135.81M outstanding shares and institutions hold larger chunk of about 62.31% of that.
The stock has a current market capitalization of $1.68B and its 3Y-monthly beta is at 2.39. It has posted earnings per share of -$0.15 in the same period. It has a debt-to-equity ratio of 15.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RKT, volatility over the week remained 4.74% while standing at 4.05% over the month.
Analysts are in expectations that Rocket Companies Inc (RKT) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.58 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 563.27% while it is estimated to increase by 79.58% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 16, 2024 offering a Sell rating for the stock and assigned a target price range of between $9 and $10 to it. On January 04, 2024, JP Morgan Downgrade their recommendations, while on January 03, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $14. Stock get an Underperform rating from Keefe Bruyette on January 03, 2024.
