The stock of Rocket Companies Inc (RKT) has gone down by -14.73% for the week, with a -25.43% drop in the past month and a -30.41% drop in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are 4.27% for RKT. The simple moving average for the last 20 days is -14.18% for RKT stock, with a simple moving average of -11.22% for the last 200 days.
Is It Worth Investing in Rocket Companies Inc (NYSE: RKT) Right Now?
The stock has a 36-month beta value of 2.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 12 as “hold,” and 4 as “sell.”
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The public float for RKT is 134.67M, and at present, short sellers hold a 14.25% of that float. On November 19, 2024, the average trading volume of RKT was 3.45M shares.
RKT) stock’s latest price update
Rocket Companies Inc (NYSE: RKT) has seen a decline in its stock price by -1.25 in relation to its previous close of 13.60. However, the company has experienced a -14.73% decline in its stock price over the last five trading sessions. benzinga.com reported 2024-11-14 that Rocket Companies, Inc. RKT reported worse-than-expected third-quarter revenue results, after the closing bell on Tuesday.
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 $15 based on the research report published on November 15, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see RKT reach a price target of $18, previously predicting the price at $11. The rating they have provided for RKT stocks is “Equal-Weight” according to the report published on November 05th, 2024.
RKT Trading at -22.96% 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 -37.18% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares sank -17.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.69% lower at present.
During the last 5 trading sessions, RKT fell by -14.73%, which changed the moving average for the period of 200-days by +7.35% in comparison to the 20-day moving average, which settled at $15.65. In addition, Rocket Companies Inc saw -7.25% 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 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:
- 0.2 for the present operating margin
- 0.98 for the gross margin
The net margin for Rocket Companies Inc stands at -0.13. The total capital return value is set at 0.03. Equity return is now at value -2.39, with -0.07 for asset returns.
Based on Rocket Companies Inc (RKT), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -8.4. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 4.01.
Currently, EBITDA for the company is 67.35 million with net debt to EBITDA at -16.79. When we switch over and look at the enterprise to sales, we see a ratio of 6.81.
Conclusion
To sum up, Rocket Companies Inc (RKT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
