Rocket Companies Inc (RKT) concluded trading on Wednesday at a closing price of $16.19, with 3.74 million shares of worth about $60.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.78% during that period and on July 31, 2024 the price saw a gain of about 0.25%. Currently the company’s common shares owned by public are about 135.81M shares, out of which, 120.30M shares are available for trading.
Stock saw a price change of 10.36% in past 5 days and over the past one month there was a price change of 23.02%. Year-to-date (YTD), RKT shares are showing a performance of 11.81% which increased to 48.12% 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 $16.49 during that period. The average intraday trading volume for Rocket Companies Inc shares is 2.57 million. The stock is currently trading 10.72% above its 20-day simple moving average (SMA20), while that difference is up 12.95% for SMA50 and it goes to 31.94% 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 68.67% of that.
The stock has a current market capitalization of $2.26B and its 3Y-monthly beta is at 2.40. PE ratio of stock for trailing 12 months is 133.03, while it has posted earnings per share of $0.12 in the same period. It has a debt-to-equity ratio of 18.95. 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 4.08% while standing at 4.14% over the month.
Stock’s fiscal year EPS is expected to rise by 507.96% while it is estimated to increase by 94.38% 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.
