Rocket Companies Inc [RKT] stock is trading at $13.62, up 2.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RKT shares have lost -1.73% over the last week, with a monthly amount drifted -3.75%, 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.
Rocket Companies Inc [RKT] stock has fluctuated between $7.17 and $15.81 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Rocket Companies Inc [NYSE: RKT] shares were valued at $13.62 at the most recent close of the market. An investor can expect a potential return of 2.79% based on the average RKT price forecast.
Analyzing the RKT fundamentals
Rocket Companies Inc [NYSE:RKT] reported sales of 3.85B for the trailing twelve months, which represents a growth of 30.04%. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of18.4.
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 13.40 points at the first support level, and at 12.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.11, and for the 2nd resistance point, it is at 14.37.
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 2.90 and price to earnings (TTM) ratio is 111.91.
Transactions by insiders
Recent insider trading involved Rizik Matthew, Director, that happened on Jun 28 ’24 when 318.0 shares were purchased. Director, Rizik Matthew completed a deal on Jun 27 ’24 to buy 316.0 shares. Meanwhile, Director Rizik Matthew bought 165.0 shares on Jun 26 ’24.
