Rocket Companies Inc. (NYSE:RKT) went up by 0.22% from its latest closing price compared to the recent 1-year high of $41.10. The company’s stock price has collected -0.31% of loss in the last five trading sessions. Press Release reported on 04/21/21 that Rocket Companies Announces First Quarter 2021 Earnings Date
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 14.97 x from its present earnings ratio. Opinions of the stock are interesting as 2 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 1 as “sell.”
The average price from analysts is $24.75, which is $2.25 above the current price. RKT currently public float of 113.14M and currently shorts hold a 8.83% ratio of that float. Today, the average trading volume of RKT was 22.62M shares.
RKT’s Market Performance
RKT stocks went down by -0.31% for the week, with a monthly drop of -0.22% and a quarterly performance of 9.29%. The volatility ratio for the week stands at 2.59% while the volatility levels for the past 30 days are set at 3.38% for Rocket Companies Inc.. The simple moving average for the period of the last 20 days is 0.32% for RKT stocks with a simple moving average of 5.27% for the last 200 days.
Analysts’ Opinion of RKT
Many brokerage firms have already submitted their reports for RKT stocks, with BofA Securities repeating the rating for RKT by listing it as a “Neutral.” The predicted price for RKT in the upcoming period, according to BofA Securities is $24 based on the research report published on April 21st of the current year 2021.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see RKT reach a price target of $30. The rating they have provided for RKT stocks is “Sector Perform” according to the report published on March 03rd, 2021.
JP Morgan gave a rating of “Underweight” to RKT, setting the target price at $20 in the report published on January 19th of the current year.
RKT Trading at -3.13% 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 -45.25% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.00% upper at present.
During the last 5 trading sessions, RKT fell by -0.31%, in comparison to the 20-day moving average, which settled at $22.43. In addition, Rocket Companies Inc. saw 16.42% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RKT starting from Gilbert Daniel B, who sale 20,200,000 shares at the price of $24.75 back on Mar 29. After this action, Gilbert Daniel B now owns 0 shares of Rocket Companies Inc., valued at $499,950,000 using the latest closing price.
Gilbert Jennifer L., the Director of Rocket Companies Inc., sale 20,200,000 shares at $24.75 during a trade that took place back on Mar 29, which means that Gilbert Jennifer L. is holding 0 shares at $499,950,000 based on the most recent closing price.
Stock Fundamentals for RKT
Current profitability levels for the company are sitting at:
- +65.76 for the present operating margin
- +99.51 for the gross margin
The net margin for Rocket Companies Inc. stands at +1.31. The total capital return value is set at 36.63, while invested capital returns managed to touch 0.98. Equity return is now at value 7.90, with 0.60 for asset returns.
Based on Rocket Companies Inc. (RKT), the company’s capital structure generated 5,599.09 points at debt to equity in total, while total debt to capital is 98.25. Total debt to assets is 73.17, with long-term debt to equity ratio resting at 4,409.28. Finally, the long-term debt to capital ratio is 77.37.
When we switch over and look at the enterprise to sales, we see a ratio of 2.32, with the company’s debt to enterprise value settled at 0.78. The receivables turnover for the company is 32.15 and the total asset turnover is 0.53.