Rocket Companies Inc (NYSE: RKT) is 39.52% 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 $14.87 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $15.71, the stock is 13.05% and 23.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.35 million and changing 5.65% at the moment leaves the stock 3.88% off its SMA200. RKT registered 25.78% gain for a year compared to 6-month loss of -16.21%. The firm has a 50-day simple moving average (SMA 50) of $12.737 and a 200-day simple moving average (SMA200) of $15.12375.
The stock witnessed a 22.16% gain in the last 1 month and extending the period to 3 months gives it a 23.02%, and is 17.68% 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 6.49% over the week and 6.02% over the month.
Rocket Companies Inc (RKT) has around 14200 employees, a market worth around $31.36B and $4.66B in sales. Current P/E ratio is 93.35 and Fwd P/E is 20.06. Profit margin for the company is 0.63%. Distance from 52-week low is 56.16% and -26.52% from its 52-week high. The company has generated returns on investments over the last 12 months (0.26%).
with sales reaching $1.26B over the same period.The EPS is expected to grow by 106.35% this year, but quarterly earnings will post 21.56% year-over-year. Quarterly sales are estimated to grow 8.62% in year-over-year returns.
Rocket Companies Inc (RKT) Top Institutional Holders
350.0 institutions hold shares in Rocket Companies Inc (RKT), with institutional investors hold 81.04% of the company’s shares. The shares outstanding are 146.03M, and float is at 134.25M with Short Float at 15.97%. Institutions hold 75.08% of the Float.
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
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).
