Rocket Companies Inc (NYSE:RKT) currently has a daily average trading volume of 2.87M but it saw 3798277 shares traded in last market. With a market cap of 2.68B USD, the company’s current market price of $19.06 came rising about 2.31 while comparing to the previous closing price of $18.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.71 and as low as $7.17. In the recent trading on the day, stock has struck highest price mark of $18.4047 while lowest mark touched by it was $19.11.
Taking a look at 20-day trading activity of Rocket Companies Inc (RKT) gives us an average price of $16.55, while its current price level is 1.87% below from 52-week high level whereas it is 165.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.12 while that of 200 days or SMA-200 reads an average of $12.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.44% during that period while stretching the period over a month that increases to 6.01%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.26 which implies that the stock is in overbought territory.
Citigroup downgraded its recommendation for the stock as a “Sell” from “Neutral” on January 16, 2024 while assigning a price target range of $9-$10.
Over the week, RKT’s stock price is moving 10.24% up while it is 22.65% when we observe its performance for the past one month. Year-to-date it is 31.63% up and over the past year, the stock is showing an upside performance of 68.23%.
Currently, Rocket Companies Inc’s total number of outstanding shares is 135.81M with 6.88% of that held by the insiders while 73.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.12% and return on equity (ROE) at 2.09%. It has a price to earnings ratio (P/E ratio) of 244.99 while having a 33.44 of forward P/E ratio. Stock’s beta reads 2.38. Stock has a price to book (P/B) ratio of 4.05 while price to sale or P/S ratio amounts to 0.66. Its return on asset (ROA) is 0.06% on average.
