The stock of Rocket Companies Inc (RKT) has gone up by 7.80% for the week, with a 16.47% rise in the past month and a 30.05% rise in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are 4.20% for RKT. The simple moving average for the past 20 days is 11.88% for RKT’s stock, with a 31.75% simple moving average for the past 200 days.
Is It Worth Investing in Rocket Companies Inc (NYSE: RKT) Right Now?
The price-to-earnings ratio for Rocket Companies Inc (NYSE: RKT) is above average at 131.98x, Company’s 36-month beta value is 2.41.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RKT is 120.30M, and currently, short sellers hold a 13.62% ratio of that floaft. The average trading volume of RKT on July 29, 2024 was 2.55M shares.
RKT) stock’s latest price update
The stock price of Rocket Companies Inc (NYSE: RKT) has surged by 0.95 when compared to previous closing price of 15.91, but the company has seen a 7.80% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-07-27 that For years following the worst of the COVID-19 crisis, the Federal Reserve wrestled with blistering inflation. Unfortunately, it was a necessary evil.
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 12.67% 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 able to rebound, for now settling with 0.42% of gains for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares surge +17.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.91% upper at present.
During the last 5 trading sessions, RKT rose by +8.15%, which changed the moving average for the period of 200-days by +98.95% in comparison to the 20-day moving average, which settled at $14.48. In addition, Rocket Companies Inc saw 10.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RKT starting from Rizik Matthew, who purchase 318 shares at the price of $13.79 back on Jun 28 ’24. After this action, Rizik Matthew now owns 707,528 shares of Rocket Companies Inc, valued at $4,385 using the latest closing price.
Rizik Matthew, the Director of Rocket Companies Inc, purchase 316 shares at $13.80 during a trade that took place back on Jun 27 ’24, which means that Rizik Matthew is holding 707,210 shares at $4,361 based on the most recent closing price.
Stock Fundamentals for RKT
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.98 for the gross margin
The net margin for Rocket Companies Inc stands at 0.0. The total capital return value is set at 0.01. Equity return is now at value 3.13, with 0.09 for asset returns.
Based on Rocket Companies Inc (RKT), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 18.4. The interest coverage ratio of the stock is 0.7.
Currently, EBITDA for the company is 67.35 million with net debt to EBITDA at 32.65. When we switch over and look at the enterprise to sales, we see a ratio of 9.91. The receivables turnover for the company is 235.43for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In a nutshell, Rocket Companies Inc (RKT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
