Rocket Companies Inc. (NYSE:RKT) went up by 6.44% from its latest closing price compared to the recent 1-year high of $19.36. The company’s stock price has collected -5.57% of loss in the last five trading sessions. Barron’s reported on 05/11/22 that Rocket Cos. Stock Falls as Revenue Tumbles
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 10.85 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 17 who provided ratings for Rocket Companies Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 13 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.46, which is $1.64 above the current price. RKT currently public float of 110.39M and currently shorts hold a 27.87% ratio of that float. Today, the average trading volume of RKT was 4.65M shares.
RKT’s Market Performance
RKT stocks went down by -5.57% for the week, with a monthly drop of -24.58% and a quarterly performance of -35.49%, while its annual performance rate touched -62.03%. The volatility ratio for the week stands at 6.81% while the volatility levels for the past 30 days are set at 5.41% for Rocket Companies Inc. The simple moving average for the period of the last 20 days is -18.05% for RKT stocks with a simple moving average of -44.94% for the last 200 days.
Analysts’ Opinion of RKT
Keefe Bruyette, on the other hand, stated in their research note that they expect to see RKT reach a price target of $7, previously predicting the price at $10. The rating they have provided for RKT stocks is “Mkt Perform” according to the report published on May 16th, 2022.
Citigroup gave a rating of “Neutral” to RKT, setting the target price at $8 in the report published on May 11th of the current year.
RKT Trading at -21.78% 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 -64.98% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 6.81%, as shares sank -23.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.45% lower at present.
During the last 5 trading sessions, RKT fell by -5.57%, which changed the moving average for the period of 200-days by -60.83% in comparison to the 20-day moving average, which settled at $8.17. In addition, Rocket Companies Inc. saw -47.87% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RKT starting from Rizik Matthew, who purchase 3,400 shares at the price of $6.46 back on Jun 17. After this action, Rizik Matthew now owns 208,602 shares of Rocket Companies Inc., valued at $21,964 using the latest closing price.
Farner Jay, the Chief Executive Officer of Rocket Companies Inc., purchase 31,100 shares at $6.46 during a trade that took place back on Jun 17, which means that Farner Jay is holding 2,740,107 shares at $200,906 based on the most recent closing price.
Stock Fundamentals for RKT
Current profitability levels for the company are sitting at:
- +66.76 for the present operating margin
- +99.25 for the gross margin
The net margin for Rocket Companies Inc. stands at +3.08.