Rocket Companies Inc (NYSE:RKT) currently has a daily average trading volume of 3.52M but it saw 3252292 shares traded in last market. With a market cap of 2.47B USD, the company’s current market price of $17.54 came rising about 1.45 while comparing to the previous closing price of $17.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.38 and as low as $7.17. In the recent trading on the day, stock has struck highest price mark of $17.07 while lowest mark touched by it was $17.8.
Taking a look at 20-day trading activity of Rocket Companies Inc (RKT) gives us an average price of $18.88, while its current price level is -17.96% below from 52-week high level whereas it is 144.63% 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 $18.90 while that of 200 days or SMA-200 reads an average of $14.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.21% during that period while stretching the period over a month that increases to 4.47%. 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 38.91 which implies that the stock is in neutral 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 -2.93% down while it is -4.98% when we observe its performance for the past one month. Year-to-date it is 21.13% up and over the past year, the stock is showing an upside performance of 116.54%.
Currently, Rocket Companies Inc’s total number of outstanding shares is 135.81M. 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 225.45 while having a 26.87 of forward P/E ratio. Stock’s beta reads 2.45. Stock has a price to book (P/B) ratio of 3.73 while price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is 0.06% on average.
