At the time of writing, Rocket Companies Inc [RKT] stock is trading at $18.48, up 3.65%. 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 5.24% over the last week, with a monthly amount drifted -9.28%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Rocket Companies Inc [NYSE: RKT] stock has seen the most recent analyst activity on August 05, 2024, when Keefe Bruyette upgraded its rating to a Mkt Perform. Previously, Citigroup downgraded its rating to Sell on January 16, 2024, and elevated its price target to $10. On January 10, 2024, Deutsche Bank initiated with a Hold rating. JP Morgan downgraded its rating to a Underweight and increased its price target to $10.50 on January 04, 2024. Wells Fargo downgraded its rating to a Equal Weight and raised its price target to $14 on January 03, 2024. Keefe Bruyette downgraded its rating to Underperform for this stock on January 03, 2024, but kept the price target unchanged to $10.75.
For the past year, the stock price of Rocket Companies Inc fluctuated between $7.17 and $21.38. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Rocket Companies Inc [NYSE: RKT] shares were valued at $18.48 at the most recent close of the market. An investor can expect a potential drop of -18.83% based on the average RKT price forecast.
Analyzing the RKT fundamentals
According to Rocket Companies Inc [NYSE:RKT], the company’s sales were 4.08B for trailing twelve months, which represents an 24.52% jump. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.08%, 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 0.02 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 19.99.
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 18.02 points at the first support level, and at 17.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.77, and for the 2nd resistance point, it is at 19.06.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 3.93 and price to earnings (TTM) ratio is 237.53.
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 310.0 shares on Jun 24 ’24.
