Set Your Sights On Rocket Companies Inc (NYSE: RKT)’S Upside Potential

Rocket Companies Inc (RKT) concluded trading on Thursday at a closing price of $13.61, with 3.05 million shares of worth about $41.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.07% during that period and on November 21, 2024 the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 135.81M shares, out of which, 134.67M shares are available for trading.

Stock saw a price change of -0.37% in past 5 days and over the past one month there was a price change of -17.06%. Year-to-date (YTD), RKT shares are showing a performance of -6.01% which increased to 52.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.81 but also hit the highest price of $21.38 during that period. The average intraday trading volume for Rocket Companies Inc shares is 3.48 million. The stock is currently trading -10.52% below its 20-day simple moving average (SMA20), while that difference is down -20.56% for SMA50 and it goes to -10.22% lower than SMA200.

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Rocket Companies Inc (NYSE: RKT) currently have 135.81M outstanding shares and institutions hold larger chunk of about 66.32% of that.

The stock has a current market capitalization of $27.15B and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$0.15 in the same period. It has a debt-to-equity ratio of 23.44. 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 3.53% while standing at 3.90% over the month.

Stock’s fiscal year EPS is expected to rise by 417.14% while it is estimated to increase by 172.33% 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 BofA Securities on November 15, 2024 offering a Neutral rating for the stock and assigned a target price of $15 to it. Coverage by Morgan Stanley stated Rocket Companies Inc (RKT) stock as an Equal-weight in their note to investors on November 05, 2024, suggesting a price target of $18 for the stock. On August 05, 2024, Keefe Bruyette Upgrade their recommendations, while on January 16, 2024, Citigroup Downgrade their ratings for the stock with a price target of $10. Stock get a Hold rating from Deutsche Bank on January 10, 2024.

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