Rocket Companies Inc. [RKT] Revenue clocked in at $19.23 billion, down -8.21% YTD: What’s Next?

Rocket Companies Inc. [NYSE: RKT] surged by $0.4 during the normal trading session on Monday and reaching a high of $17.37 during the day while it closed the day at $17.74. The company report on May 17, 2021 that ROCKET ALERT: Bragar Eagel & Squire, P.C. is Investigating Rocket Companies, Inc. on Behalf of Rocket Stockholders and Encourages Investors to Contact the Firm.

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Rocket Companies, Inc. (NYSE: RKT) on behalf of Rocket stockholders. Our investigation concerns whether Rocket has violated the federal securities laws and/or engaged in other unlawful business practices.

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Rocket Companies Inc. stock has also gained 0.45% of its value over the past 7 days. However, RKT stock has declined by -9.77% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.82% and lost -8.21% year-on date.

The market cap for RKT stock reached $33.66 billion, with 115.37 million shares outstanding and 113.14 million shares in the current float. Compared to the average trading volume of 23.54M shares, RKT reached a trading volume of 5424310 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Rocket Companies Inc. [RKT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RKT shares is $24.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RKT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Rocket Companies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2021. The new note on the price target was released on March 03, 2021, representing the official price target for Rocket Companies Inc. stock. Previously, the target price had yet another raise to $20, while JP Morgan analysts kept a Underweight rating on RKT stock.

The Average True Range (ATR) for Rocket Companies Inc. is set at 0.96, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 1.75. The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 1.04.

RKT stock trade performance evaluation

Rocket Companies Inc. [RKT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.45. With this latest performance, RKT shares dropped by -19.80% in over the last four-week period, additionally sinking by -14.82% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RKT stock in for the last two-week period is set at 32.73, with the RSI for the last a single of trading hit 31.35, and the three-weeks RSI is set at 36.24 for Rocket Companies Inc. [RKT]. The present Moving Average for the last 50 days of trading for this stock 22.25, while it was recorded at 17.10 for the last single week of trading.

Rocket Companies Inc. [RKT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Rocket Companies Inc. [RKT] shares currently have an operating margin of +65.76 and a Gross Margin at +99.51. Rocket Companies Inc.’s Net Margin is presently recorded at +1.31.

Return on Total Capital for RKT is now 36.63, given the latest momentum, and Return on Invested Capital for the company is 0.98. Return on Equity for this stock inclined to 10.46, with Return on Assets sitting at 0.69. When it comes to the capital structure of this company, Rocket Companies Inc. [RKT] has a Total Debt to Total Equity ratio set at 5,599.09. Additionally, RKT Total Debt to Total Capital is recorded at 98.25, with Total Debt to Total Assets ending up at 73.17. Long-Term Debt to Equity for the company is recorded at 4,409.28, with the Long-Term Debt to Total Capital now at 77.37.

Receivables Turnover for the company is 32.15 with a Total Asset Turnover recorded at a value of 0.53.

Earnings per share (EPS) analysis for Rocket Companies Inc. [RKT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RKT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rocket Companies Inc. go to 43.66%.

Rocket Companies Inc. [RKT]: Insider Ownership positions

There are presently around $1,296 million, or 62.10% of RKT stock, in the hands of institutional investors. The top three institutional holders of RKT stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 9,548,827, which is approximately 0% of the company’s market cap and around 1.64% of the total institutional ownership; VANGUARD GROUP INC, holding 6,376,505 shares of the stock with an approximate value of $113.12 million in RKT stocks shares; and INVESCO LTD., currently with $99.65 million in RKT stock with ownership of nearly -47.469% of the company’s market capitalization.

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Positions in Rocket Companies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 158 institutional holders increased their position in Rocket Companies Inc. [NYSE:RKT] by around 16,229,080 shares. Additionally, 141 investors decreased positions by around 26,661,913 shares, while 18 investors held positions by with 30,184,330 shares. The mentioned changes placed institutional holdings at 73,075,323 shares, according to the latest SEC report filing. RKT stock had 82 new institutional investments in for a total of 8,979,105 shares, while 60 institutional investors sold positions of 7,370,506 shares during the same period.

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