As of Thursday close, Rocket Companies Inc.’s (NYSE:RKT) stock was down -$0.53, moving down -5.89 percent to $8.47. The average number of shares traded per day over the past five days has been 1,821,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.44 fall in that time frame. In the last twenty days, the average volume was 1,551,755, while in the previous 50 days, it was 1,929,590.
Since last month, RKT stock retreated -17.85%. Shares of the company fell to $8.47 on 09/21/23, the lowest level in the past month. A 52-week high of $11.94 was reached on 08/10/23 after having rallying from a 52-week low of $5.97. Since the beginning of this year, RKT’s stock price has risen by 21.00% or $1.47, and marked a new high 19 times. However, the stock has declined by -29.09% since its 52-week high.
RKT stock investors should be aware that Rocket Companies Inc. (RKT) stock had its last reported insider trading activity 29 days ago on Aug 24. MARINER JONATHAN D, the Director of the company, disposed of 12,500 shares for $10.32 on Aug 24. It resulted in a $129,000 divestment by the insider. Rizik Matthew added 2,000 shares at an average price of $6.95 on Dec 27. The insider now owns 571,502 shares following the transaction. On Dec 23, Director Rizik Matthew bought 2,900 shares at $7.30 apiece. The transaction was valued at $21,170.
Valuation Metrics
The stock’s beta is 2.16. Besides these, the trailing price-to-sales (P/S) ratio of 4.59, the price-to-book (PB) ratio of 1.82, and the price-to-cash flow ratio of 6.89 may also be considered.
The latest dividend of $1.01 per share was paid out, which is -9.01% less than last year’s $1.11.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 6.88, and the total debt-to-equity ratio was 18.27. In the year ended June 30, EBITDA margin amounted to 30.03%, whereas operating margins totaled -5.90%. Based on annual data, RKT earned $5.1 billion in gross profit and brought in $5.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.60%. Return on equity (ROE) for the past 12 months was -3.80%.
In Rocket Companies Inc.’s quarter-end financial report for June 30, it reported total debt of $4.89 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Rocket Companies Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated $202.06 million in EBITDA. The liabilities of Rocket Companies Inc. were 12.49 billion at the end of its most recent quarter ended June 30, and its total debt was $11.22 billion. The value of shareholders’ equity is $1.98 billion.
Technical Picture
This quick technical analysis looks at Rocket Companies Inc.’s (RKT) price momentum. With a historical volatility rate of 29.71%, the RSI 9-day stood at 15.53% on 21 September.
With respect to its five-day moving average, the current Rocket Companies Inc. price is down by -14.53% percent or -$1.44. At present, RKT shares trade -19.49% below its 20-day simple moving average and -4.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.77% below its SMA50 and +0.71% above its SMA200.
Stochastic coefficient K was 2.61% and Stochastic coefficient D was 4.85%, while ATR was 0.35. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 23.78%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -0.90.
Analyst Ratings
Keefe Bruyette upgraded its rating on Rocket Companies Inc. (NYSE: RKT) to a Mkt perform in a note to investors on August 07, 2023. The analysts firm previously had an Underperform rating on the stock.Rocket Companies Inc. (RKT) has been rated Hold by analysts. According to 0 brokerage firms, RKT is a sell, and 12 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Rocket Companies Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $6.00 – $12.00. Based on these forecasts, analysts predict Rocket Companies Inc. (RKT) will achieve an average price target of $10.33.
