Rocket Companies Inc. (NYSE:RKT) went down by -0.70% from its latest closing price compared to the recent 1-year high of $34.42. The company’s stock price has collected -1.82% of loss in the last five trading sessions. MarketWatch.com reported on 09/29/20 that IPO market is headed for busiest third quarter since the dot-com years
Is It Worth Investing in Rocket Companies Inc. (NYSE :RKT) Right Now?
Rocket Companies Inc. (NYSE:RKT) scored a price-to-earnings ratio above its average ratio, recording 8.23 x from its present earnings ratio. Opinions of the stock are interesting as 3 analysts out of 12 who provided ratings for Rocket Companies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $27.83, which is $8.24 above the current price. RKT currently public float of 113.53M and currently shorts hold a 14.83% ratio of that float. Today, the average trading volume of RKT was 24.19M shares.
RKT’s Market Performance
The volatility ratio for the week stands at 4.69% while the volatility levels for the past 30 days are set at 7.36% for Rocket Companies Inc.. The simple moving average for the period of the last 20 days is -14.16% for RKT stocks with a simple moving average of -14.86% for the last 200 days.
Analysts’ Opinion of RKT
Many brokerage firms have already submitted their reports for RKT stocks, with Susquehanna repeating the rating for RKT by listing it as a “Neutral.” The predicted price for RKT in the upcoming period, according to Susquehanna is $20 based on the research report published on September 25th of the current year 2020.
Susquehanna gave a rating of “Negative” to RKT, setting the target price at $20 in the report published on September 08th of the current year.
RKT Trading at -14.86% from the 50-Day Moving Average
After a stumble in the market that brought RKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.10% of loss for the given period.
Volatility was left at 7.36%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -35.10% for the moving average over the last 20 days.
During the last 5 trading sessions, RKT fell by -1.82%, in comparison to the 20-day moving average, which settled at $22.68. In addition, Rocket Companies Inc. saw -7.35% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RKT
Current profitability levels for the company are sitting at:
- +18.20 for the present operating margin
- +86.29 for the gross margin
The net margin for Rocket Companies Inc. stands at +14.38. The total capital return value is set at 6.36, while invested capital returns managed to touch 5.28.
Based on Rocket Companies Inc. (RKT), the company’s capital structure generated 478.61 points at debt to equity in total, while total debt to capital is 82.72. Total debt to assets is 79.52, with long-term debt to equity ratio resting at 451.64. Finally, the long-term debt to capital ratio is 78.06.
Currently, EBITDA for the company is 3.69B with total debt to EBITDA at 13.36. The receivables turnover for the company is 18.84 and the total asset turnover is 0.33.