At the time of writing, Rocket Companies Inc [RKT] stock is trading at $12.55, down -0.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RKT shares have gain 10.28% over the last week, with a monthly amount drifted -10.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rocket Companies Inc [NYSE: RKT] stock has seen the most recent analyst activity on January 16, 2024, when Citigroup downgraded its rating to a Sell and also boosted its price target to $10 from $9. On January 04, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $10.50 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $14 on January 03, 2024. Keefe Bruyette downgraded its rating to a Underperform but $10.75 remained the price target by the analyst firm on January 03, 2024. In a note dated November 15, 2023, Barclays initiated an Underweight rating and provided a target price of $6 on this stock.
For the past year, the stock price of Rocket Companies Inc fluctuated between $7.17 and $15.19. Currently, Wall Street analysts expect the stock to reach $14.63 within the next 12 months. Rocket Companies Inc [NYSE: RKT] shares were valued at $12.55 at the most recent close of the market. An investor can expect a potential return of 16.57% based on the average RKT price forecast.
Analyzing the RKT fundamentals
According to Rocket Companies Inc [NYSE:RKT], the company’s sales were 3.58B for trailing twelve months, which represents an 34.43% jump. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.68 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of14.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.39 points at the first support level, and at 12.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.73, and for the 2nd resistance point, it is at 12.92.
Rocket Companies Inc [RKT] reported earnings per share of $0 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.04 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0 per share as compared to estimates of -$0.03 per share, a difference of $0.03 representing a surprise of 100.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 2.73.
Transactions by insiders
Recent insider trading involved Rizik Matthew, Director, that happened on Apr 24 ’24 when 347.0 shares were purchased. Director, Rizik Matthew completed a deal on Apr 22 ’24 to buy 375.0 shares. Meanwhile, Director Rizik Matthew bought 380.0 shares on Apr 19 ’24.
