Rocket Companies Inc. [NYSE: RKT] stock went on an upward path that rose over 3.59% on Wednesday, amounting to a one-week price increase of more than 2.93%. The company report on July 22, 2021 that SHAREHOLDER ALERT: CLAIMSFILER REMINDS ATHA, RKT, RLX INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits.
ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
RLX Technology Inc. (RLX) Class Period: Shares issued in connection with the January 2021 initial public stock offeringLead Plaintiff Motion Deadline: August 9, 2021MISLEADING PROSPECTUSTo learn more, visit https://www.claimsfiler.com/cases/view-rlx-technology-inc-american-depositary-shares-securities-litigation.
The one-year Rocket Companies Inc. stock forecast points to a potential upside of 11.92. The average equity rating for RKT stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $36.19 billion, with 136.47 million shares outstanding and 126.30 million shares in the current float. Compared to the average trading volume of 9.22M shares, RKT stock reached a trading volume of 4467386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $20.31 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 2.70. 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.
Wedbush have made an estimate for Rocket Companies Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 20, 2021. While these analysts kept the previous recommendation, Jefferies dropped their target price from $26 to $18. The new note on the price target was released on July 12, 2021, representing the official price target for Rocket Companies Inc. stock. Previously, the target price had yet another raise to $18, while Piper Sandler analysts kept a Neutral rating on RKT stock.
The Average True Range (ATR) for Rocket Companies Inc. is set at 0.75, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 1.88. The Price to Book ratio for the last quarter was 3.73, with the Price to Cash per share for the same quarter was set at 1.42.
RKT Stock Performance Analysis:
Rocket Companies Inc. [RKT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.93. With this latest performance, RKT shares dropped by -6.92% in over the last four-week period, additionally sinking by -5.80% 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 42.68, with the RSI for the last a single of trading hit 43.76, and the three-weeks RSI is set at 43.24 for Rocket Companies Inc. [RKT]. The present Moving Average for the last 50 days of trading for this stock 18.71, while it was recorded at 17.50 for the last single week of trading, and 20.99 for the last 200 days.
Insight into Rocket Companies Inc. 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.
RKT Stock EPS
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 Position Details
There are presently around $1,314 million, or 54.70% 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 1.22% of the total institutional ownership; VANGUARD GROUP INC, holding 6,376,505 shares of the stock with an approximate value of $114.08 million in RKT stocks shares; and INVESCO LTD., currently with $100.49 million in RKT stock with ownership of nearly -47.469% of the company’s market capitalization.
Positions in Rocket Companies Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 155 institutional holders increased their position in Rocket Companies Inc. [NYSE:RKT] by around 15,319,030 shares. Additionally, 139 investors decreased positions by around 26,713,937 shares, while 22 investors held positions by with 31,435,975 shares. The mentioned changes placed institutional holdings at 73,468,942 shares, according to the latest SEC report filing. RKT stock had 74 new institutional investments in for a total of 7,706,749 shares, while 63 institutional investors sold positions of 7,731,878 shares during the same period.