Rocket Companies Inc (NYSE: RKT) is 8.11% higher on its value in year-to-date trading and has touched a low of $9.52 and a high of $20.23 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 $14.22 in the last trading session, with the day’s gains setting it 14149985.78%.
Currently trading at $14150000.0, the stock is 4.01% and 9.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.42 million and changing -0.28% at the moment leaves the stock 5.01% off its SMA200. RKT registered 33.08% gain for a year compared to 6-month gain of 34.87%. The firm has a 50-day simple moving average (SMA 50) of $12.9332 and a 200-day simple moving average (SMA200) of $14.0111.
The stock witnessed a 8.49% loss in the last 1 month and extending the period to 3 months gives it a 8.83%, and is -3.47% down 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 3.44% over the week and 4.52% over the month.
Rocket Companies Inc (RKT) has around 14200 employees, a market worth around $28.36B and $4.80B in sales. Fwd P/E is 19.97. Profit margin for the company is 0.06%. Distance from 52-week low is 48.95% and -29.91% from its 52-week high. The company has generated returns on investments over the last 12 months (0.02%).
The EPS is expected to grow by 33.65% this year.
Rocket Companies Inc (RKT) Top Institutional Holders
402.0 institutions hold shares in Rocket Companies Inc (RKT), with institutional investors hold 99.92% of the company’s shares. The shares outstanding are 150.15M, and float is at 138.40M with Short Float at 47.31%. Institutions hold 98.03% 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 8.6623% 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 7.9925 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.
