Rocket Companies Inc (NYSE:RKT) currently has a daily average trading volume of 3.49M but it saw 2352460 shares traded in last market. With a market cap of 32.03B USD, the company’s current market price of $16.10 came falling about -1.47 while comparing to the previous closing price of $16.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.38 and as low as $7.20. In the recent trading on the day, stock has struck highest price mark of $16.09 while lowest mark touched by it was $16.49.
Taking a look at 20-day trading activity of Rocket Companies Inc (RKT) gives us an average price of $17.18, while its current price level is -24.70% below from 52-week high level whereas it is 123.46% 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 $18.56 while that of 200 days or SMA-200 reads an average of $14.96. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.62% during that period while stretching the period over a month that increases to 3.96%. 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 34.06 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 -3.54% down while it is -14.59% when we observe its performance for the past one month. Year-to-date it is 11.19% up and over the past year, the stock is showing an upside performance of 117.86%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0 beat the consensus estimate of -0.03 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-12, for which analysts forecasted an EPS of 0.08 while estimate for next year EPS is 0.29. In next quarter, company is expected to be making quarterly sales of $1.36B as analysts are expecting the sales for current fiscal year at $5.38B and seeing the company making $6.88B in sales next year. Moreover, analysts are in estimates of $1.28B for current-quarter revenue.
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 206.94 while having a 24.69 of forward P/E ratio. Stock’s beta reads 2.45. Stock has a price to book (P/B) ratio of 3.42 while price to sale or P/S ratio amounts to 7.86. Its return on asset (ROA) is 0.06% on average.
