Rocket Companies Inc (NYSE: RKT) is -4.87% lower 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 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 $13.78 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $13.99, the stock is -0.73% and 5.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.52 million and changing 1.52% at the moment leaves the stock 5.87% off its SMA200. RKT registered 31.29% gain for a year compared to 6-month gain of 27.67%. The firm has a 50-day simple moving average (SMA 50) of $13.3184 and a 200-day simple moving average (SMA200) of $13.65395.
The stock witnessed a 6.07% loss in the last 1 month and extending the period to 3 months gives it a 14.20%, and is 2.27% 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 4.18% over the week and 4.19% over the month.
Rocket Companies Inc (RKT) has around 14200 employees, a market worth around $29.43B and $4.80B in sales. Fwd P/E is 20.12. Profit margin for the company is 0.06%. Distance from 52-week low is 46.96% and -30.85% 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 24.60% this year.
Rocket Companies Inc (RKT) Top Institutional Holders
401.0 institutions hold shares in Rocket Companies Inc (RKT), with institutional investors hold 99.91% of the company’s shares. The shares outstanding are 150.15M, and float is at 143.96M with Short Float at 51.01%. Institutions hold 98.02% 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.
Rocket Companies Inc (RKT) Insider Activity
#####
