In the past week, RKT stock has gone down by -0.14%, with a monthly gain of 9.49% and a quarterly surge of 9.58%. The volatility ratio for the week is 4.52%, and the volatility levels for the last 30 days are 4.61% for Rocket Companies Inc The simple moving average for the last 20 days is 4.70% for RKT’s stock, with a simple moving average of 29.66% for the last 200 days.
Is It Worth Investing in Rocket Companies Inc (NYSE: RKT) Right Now?
The 36-month beta value for RKT is also noteworthy at 2.43. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RKT is 119.40M, and at present, short sellers hold a 15.02% of that float. The average trading volume of RKT on April 09, 2024 was 2.42M shares.
RKT) stock’s latest price update
The stock price of Rocket Companies Inc (NYSE: RKT) has jumped by 6.87 compared to previous close of 12.95. Despite this, the company has seen a fall of -0.14% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Investors with an interest in Technology Services stocks have likely encountered both Smiths Group PLC (SMGZY) and Rocket Companies (RKT). But which of these two stocks offers value investors a better bang for their buck right now?
Analysts’ Opinion of RKT
Many brokerage firms have already submitted their reports for RKT stocks, with Citigroup repeating the rating for RKT by listing it as a “Sell.” The predicted price for RKT in the upcoming period, according to Citigroup is $10 based on the research report published on January 16, 2024 of the current year 2024.
JP Morgan gave a rating of “Underweight” to RKT, setting the target price at $10.50 in the report published on January 04th of the current year.
RKT Trading at 11.07% 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 -8.89% of loss for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares surge +8.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.10% upper at present.
During the last 5 trading sessions, RKT fell by -0.14%, which changed the moving average for the period of 200-days by +56.74% in comparison to the 20-day moving average, which settled at $13.27. In addition, Rocket Companies Inc saw -4.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RKT starting from Rizik Matthew, who purchase 335 shares at the price of $13.01 back on Apr 05 ’24. After this action, Rizik Matthew now owns 694,683 shares of Rocket Companies Inc, valued at $4,358 using the latest closing price.
Rizik Matthew, the Director of Rocket Companies Inc, purchase 331 shares at $13.24 during a trade that took place back on Apr 04 ’24, which means that Rizik Matthew is holding 694,348 shares at $4,382 based on the most recent closing price.
Stock Fundamentals for RKT
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.97 for the gross margin
The net margin for Rocket Companies Inc stands at -0.11. The total capital return value is set at -0.03. Equity return is now at value -2.58, with -0.08 for asset returns.
Based on Rocket Companies Inc (RKT), the company’s capital structure generated 0.94 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 14.8. The interest coverage ratio of the stock is -1.8.
Currently, EBITDA for the company is 67.35 million with net debt to EBITDA at -17.59. When we switch over and look at the enterprise to sales, we see a ratio of 9.34. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In summary, Rocket Companies Inc (RKT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
