Rocket Companies Inc (NYSE: RKT) is 24.87% higher on its value in year-to-date trading and has touched a low of $10.06 and a high of $21.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RKT stock was last observed hovering at around $14.00 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $14.06, the stock is 8.18% and 15.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.88 million and changing 0.43% at the moment leaves the stock -6.93% off its SMA200. RKT registered 17.07% gain for a year compared to 6-month loss of -28.12%.
The stock witnessed a 9.50% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 7.33% 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 5.69% over the week and 4.46% over the month.
Rocket Companies Inc (RKT) has around 14700 employees, a market worth around $28.05B and $4.66B in sales. Current P/E ratio is 83.54 and Fwd P/E is 17.91. Profit margin for the company is 0.63%. Distance from 52-week low is 39.76% and -34.24% from its 52-week high. The company has generated returns on investments over the last 12 months (0.20%).
with sales reaching $1.29B over the same period.The EPS is expected to grow by 107.42% this year, but quarterly earnings will post 22.44% year-over-year. Quarterly sales are estimated to grow 10.90% in year-over-year returns.
Rocket Companies Inc (RKT) Top Institutional Holders
The shares outstanding are 145.84M, and float is at 135.08M with Short Float at 15.52%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.1 million shares valued at $165.73 million. The investor’s holdings represent 8.8303% of the RKT Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.16 million shares valued at $152.91 million to account for 8.1474 of the shares outstanding. The other top investors are BOSTON PARTNERS which holds 9.31 million shares representing 6.6691% and valued at over $127.61 million, while JPMORGAN CHASE & CO holds 5.8428 of the shares totaling 8.16 million with a market value of $111.78 million.
Rocket Companies Inc (RKT) Insider Activity
A total of 0 insider transactions have happened at Rocket Companies Inc (RKT) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Rizik Matthew, the company’s Director. SEC filings show that Rizik Matthew bought 318 shares of the company’s common stock on Jun 28 ’24 at a price of $13.79 per share for a total of $4385.0. Following the purchase, the insider now owns 0.71 million shares.
Rocket Companies Inc disclosed in a document filed with the SEC on Jun 27 ’24 that Rizik Matthew (Director) bought a total of 316 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $13.80 per share for $4361.0. Following the transaction, the insider now directly holds 0.71 million shares of the RKT stock.
Still, SEC filings show that on Jun 24 ’24, Rizik Matthew (Director) acquired 310 shares at an average price of $14.01 for $4343.0. The insider now directly holds 706,418 shares of Rocket Companies Inc (RKT).
Rocket Companies Inc (RKT): Who are the competitors?
The company’s main competitors (and peers) include UWM Holdings Corp. (UWMC) that is trading 2.66% up over the past 12 months. MGIC Investment Corp. (MTG) that is 24.34% higher over the same period.
