Rocket Companies Inc. (NYSE:RKT) does about 36.10M shares in volume on a normal day but saw 39128740 shares change hands in Friday trading. The company now has a market cap of 2.39B USD. Its current market price is $25.89, marking an increase of 8.83% compared to the previous close of $23.79. The 52 week high reached by this stock is $26.85 whilst the lowest price level in 52 weeks is $17.50. The script in recent trading has seen the stock touch a high of $27.20 and a low of $24.42.
Rocket Companies Inc. (RKT) has the current price is -3.58% off the 52-week high compared with 47.94% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 8.40%.
1 analysts observing the Rocket Companies Inc. (RKT) stock have set the 12-month price targets for the company’s shares at between $18.00 and $18.00. The median price target is -43.83% away from the current levels at $18.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 13, 2020 when Susquehanna initiated the stock to “Neutral” and issued a price target of $18.
The current price level is 23.43%, 23.43%, and 23.43% away from its SMA20, SMA50, and SMA200 respectively, with the RKT price moving above the 50-day SMA on August 21. Its price is 20.36% year-to-date.
Its 12-month price target is $18.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $18.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $18.00.
The company has a return on investment of 8.00%. The price to earnings ratio (P/E ratio) amounts to 39.77. Price to sales ratio is 0.40.
According to a U.S. Securities and Exchange Commission filing, Nationwide Multi Cap Portfolio has reduced its position in Rocket Companies Inc. (RKT) to 4,273 shares, mirroring a recent drop by 0.00%. Nationwide Multi Cap Portfolio dumped 0.0 shares of Rocket Companies Inc. common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show.