Currently, there are 135.81M common shares owned by the public and among those 121.24M shares have been available to trade.
The company’s stock has a 5-day price change of 5.44% and 46.19% over the past three months. RKT shares are trading 40.54% year to date (YTD), with the 12-month market performance up to 95.30% higher. It has a 12-month low price of $7.17 and touched a high of $21.28 over the same period. RKT has an average intraday trading volume of 2.92 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 11.01%, 27.71%, and 53.05% respectively.
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Institutional ownership of Rocket Companies Inc (NYSE: RKT) shares accounts for 67.43% of the company’s 135.81M shares outstanding.
It has a market capitalization of $2.86B and a beta (3y monthly) value of 2.44. The stock’s trailing 12-month PE ratio is 261.57, while the earnings-per-share (ttm) stands at $0.08. The company has a debt-to-equity ratio at 20.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.70% over the week and 5.66% over the month.
Analysts forecast that Rocket Companies Inc (RKT) will achieve an EPS of 0.08 for the current quarter, 0.1 for the next quarter and 0.57 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.06 while analysts give the company a high EPS estimate of 0.06. Comparatively, EPS for the current quarter was 0.0 a year ago. Earnings per share for the fiscal year are expected to increase by 501.17%, and 103.71% over the next financial year.
Citigroup coverage for the Rocket Companies Inc (RKT) stock in a research note released on January 16, 2024 offered a Sell rating with a price target of $10. Deutsche Bank was of a view on January 10, 2024 that the stock is Hold, while JP Morgan gave the stock Underweight rating on January 04, 2024, issuing a price target of $8.50- $10.50. Wells Fargo on their part issued Equal Weight rating on January 03, 2024.
