Currently, there are 135.81M common shares owned by the public and among those 120.30M shares have been available to trade.
The company’s stock has a 5-day price change of 17.28% and 33.16% over the past three months. RKT shares are trading 7.32% year to date (YTD), with the 12-month market performance up to 49.42% higher. It has a 12-month low price of $7.17 and touched a high of $15.81 over the same period. RKT has an average intraday trading volume of 2.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.79%, 10.82%, and 30.94% respectively.
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Institutional ownership of Rocket Companies Inc (NYSE: RKT) shares accounts for 63.95% of the company’s 135.81M shares outstanding.
It has a market capitalization of $2.17B and a beta (3y monthly) value of 2.43. The stock’s trailing 12-month PE ratio is 127.69, while the earnings-per-share (ttm) stands at $0.12. The company has a debt-to-equity ratio at 18.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 3.80% over the month.
Earnings per share for the fiscal year are expected to increase by 507.96%, and 92.13% over the next financial year.
Looking at the support for the RKT, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on January 16, 2024, with the firm’s price target at $9-$10. JP Morgan was of a view on January 04, 2024 that the stock is Underweight, while Wells Fargo gave the stock Equal Weight rating on January 03, 2024, issuing a price target of $13- $14. Keefe Bruyette on their part issued Underperform rating on January 03, 2024.
