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.

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.