Rocket Companies Inc. (NYSE:RKT) went up by 0.69% from its latest closing price compared to the recent 1-year high of $34.42. The company’s stock price has collected -1.31% of loss in the last five trading sessions. MarketWatch.com reported 7 hours ago that Rocket Cos. Inc. stock outperforms market on strong trading day
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 261.67 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 15 who provided ratings for Rocket Companies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $24.37, which is $4.27 above the current price. RKT currently public float of 113.14M and currently shorts hold a 31.27% ratio of that float. Today, the average trading volume of RKT was 10.65M shares.
RKT’s Market Performance
RKT stocks went down by -1.31% for the week, with a monthly jump of 2.20% and a quarterly performance of -3.54%. The volatility ratio for the week stands at 3.39% while the volatility levels for the past 30 days are set at 5.84% for Rocket Companies Inc.. The simple moving average for the period of the last 20 days is -3.87% for RKT stocks with a simple moving average of -5.66% for the last 200 days.
Analysts’ Opinion of RKT
Many brokerage firms have already submitted their reports for RKT stocks, with JP Morgan repeating the rating for RKT by listing it as a “Underweight.” The predicted price for RKT in the upcoming period, according to JP Morgan is $20 based on the research report published on January 19th of the current year 2021.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see RKT reach a price target of $19. The rating they have provided for RKT stocks is “Underperform” according to the report published on December 18th, 2020.
Jefferies gave a rating of “Buy” to RKT, setting the target price at $27.50 in the report published on December 14th of the previous year.
RKT Trading at -2.26% 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 -40.71% of loss for the given period.
Volatility was left at 5.84%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares surge +1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.99% upper at present.
During the last 5 trading sessions, RKT fell by -1.31%, in comparison to the 20-day moving average, which settled at $21.25. In addition, Rocket Companies Inc. saw 0.94% in overturn over a single year, with a tendency to cut further gains.
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.
The receivables turnover for the company is 18.84 and the total asset turnover is 0.33.