Why Shares of Rocket Companies Inc. (RKT) Are Going Crazy

Rocket Companies Inc. (NYSE: RKT) is 32.12% higher on its value in year-to-date trading and has touched a low of $17.50 and a high of $29.96 in the current 52-week trading range. The RKT stock was last observed hovering at around $27.10 in the last trading session, with the day’s gains setting it 1.32% off its average median price target of $18.00 for the next 12 months. It is also -57.89% off the consensus price target high of $18.00 offered by 1 analysts, but current levels are -57.89% lower than the price target low of $18.00 for the same period.

5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away


Currently trading at $28.42, the stock is 23.31% and 23.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.26 million and changing 4.87% at the moment leaves the stock 23.31% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $23.36 and a 200-day simple moving average (SMA200) of $23.36.

The stock was 9.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.73% over the week.

Rocket Companies Inc. (RKT) has around 20000 employees, a market worth around $53.76B and $6.01B in sales. Current P/E ratio is 43.66 and Fwd P/E is 24.29. Distance from 52-week low is 62.40% and -5.14% from its 52-week high. The company has generated returns on investments over the last 12 months (8.00%).

Rocket Companies Inc. (RKT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Rocket Companies Inc. (RKT) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Rocket Companies Inc. is expected to release its quarterly report on 09/02/2020 and quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $2.91B over the same period.The EPS is expected to grow by 45.80% this year.

Rocket Companies Inc. (RKT) Top Institutional Holders

The shares outstanding are 1.89B, and float is at 98.53M with Short Float at 3.60%.

Rocket Companies Inc. (RKT) Insider Activity

A total of 15 insider transactions have happened at Rocket Companies Inc. (RKT) in the last six months, with sales accounting for 1 and purchases happening 14 times.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free