A share price of Rocket Companies Inc [RKT] is currently trading at $18.53, down -1.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The RKT shares have gain 10.23% over the last week, with a monthly amount glided 34.47%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Barclays upgraded its rating to Equal Weight on April 08, 2025, and kept the price target unchanged to $14. On April 02, 2025, upgrade upgraded it’s rating to Mkt Perform but maintained its price target of $14 on the stock. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $16 on April 02, 2025. UBS upgraded its rating to a Neutral but $11.50 remained the price target by the analyst firm on January 10, 2025. Keefe Bruyette downgraded its rating to Underperform for this stock on December 10, 2024, and downed its price target to $11.50. In a note dated November 15, 2024, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $15.
Rocket Companies Inc experienced fluctuations in its stock price throughout the past year between $9.52 and $20.23. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Rocket Companies Inc [NYSE: RKT] shares were valued at $18.53 at the most recent close of the market. An investor can expect a potential drop of -13.65% based on the average RKT price forecast.
Analyzing the RKT fundamentals
Trailing Twelve Months sales for Rocket Companies Inc [NYSE:RKT] were 4.95B which represents 13.67% growth. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.0%, 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 -0.0 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.73.
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 18.32 points at the first support level, and at 18.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.93, and for the 2nd resistance point, it is at 19.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rocket Companies Inc [NYSE:RKT] is 1.42. On the other hand, the Quick Ratio is 1.42, and the Cash Ratio is 18.38. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 0.38.
