Rocket Companies Inc (RKT) down -16.44% since start of the year

Rocket Companies Inc (NYSE: RKT) is -16.44% lower on its value in year-to-date trading and has touched a low of $7.17 and a high of $15.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RKT stock was last observed hovering at around $11.55 in the last trading session, with the day’s gains setting it 0.55%.

Currently trading at $12.10, the stock is 0.22% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 4.76% at the moment leaves the stock 22.33% off its SMA200. RKT registered 33.11% gain for a year compared to 6-month gain of 3.42%.

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The stock witnessed a -2.89% loss in the last 1 month and extending the period to 3 months gives it a 53.94%, and is 4.85% 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 3.72% over the week and 4.19% over the month.

Rocket Companies Inc (RKT) has around Mar 07 2022 employees, a market worth around $1.61B and $3.36B in sales. Fwd P/E is 39.90. Profit margin for the company is -0.67%. Distance from 52-week low is 68.76% and -20.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.23%).

Rocket Companies Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $769M over the same period.The EPS is expected to shrink by -78.34% this year, but quarterly earnings will post -34.10% year-over-year. Quarterly sales are estimated to grow 59.90% in year-over-year returns.

Rocket Companies Inc (RKT) Top Institutional Holders

305 institutions hold shares in Rocket Companies Inc (RKT), with institutional investors hold 72.24% of the company’s shares. The shares outstanding are 123.49M, and float is at 117.54M with Short Float at 17.78%. Institutions hold 68.49% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 11.42 million shares valued at $102.3 million. The investor’s holdings represent 8.89% of the RKT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.72 million shares valued at $96.04 million to account for 8.35% of the shares outstanding. The other top investors are Invesco Ltd. which holds 5.13 million shares representing 4.00% and valued at over $45.99 million, while Blackrock Inc. holds 3.95% of the shares totaling 5.07 million with a market value of $45.43 million.

Rocket Companies Inc (RKT) Insider Activity

A total of 3 insider transactions have happened at Rocket Companies Inc (RKT) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by MARINER JONATHAN D,the company’sDirector. SEC filings show that MARINER JONATHAN D sold 12,500 shares of the company’s common stock on Aug 24 at a price of $10.32 per share for a total of $0.13 million. Following the sale, the insider now owns 55250.0 shares.

Rocket Companies Inc (RKT): Who are the competitors?

The company’s main competitors (and peers) include UWM Holdings Corp. (UWMC) that is trading 64.80% up over the past 12 months. MGIC Investment Corp. (MTG) that is 37.07% higher over the same period.