Rocket Companies Inc [NYSE: RKT] loss -2.91% on the last trading session, reaching $12.00 price per share at the time. The company report on January 4, 2024 at 12:30 PM that Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer.
Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb.
Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that it has named Jonathan Mildenhall as its first ever group Chief Marketing Officer (CMO), effective January 8, 2024.
If compared to the average trading volume of 2.82M shares, RKT reached a trading volume of 3625721 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $10.62 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 3.73. 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.
Citigroup have made an estimate for Rocket Companies Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 16, 2024.
The Average True Range (ATR) for Rocket Companies Inc is set at 0.57, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 2.57, with the Price to Cash per share for the same quarter was set at 7.44.
Trading performance analysis for RKT stock
Rocket Companies Inc [RKT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.53. With this latest performance, RKT shares dropped by -19.46% in over the last four-week period, additionally plugging by 15.72% over the last 6 months – not to mention a rise of 31.29% in the past year of trading.
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 45.55, with the RSI for the last a single of trading hit 40.76, and the three-weeks RSI is set at 49.71 for Rocket Companies Inc [RKT]. The present Moving Average for the last 50 days of trading for this stock 11.57, while it was recorded at 12.13 for the last single week of trading, and 9.71 for the last 200 days.
Rocket Companies Inc [RKT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Rocket Companies Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.10%. 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.
An analysis of Institutional ownership at Rocket Companies Inc [RKT]
The top three institutional holders of RKT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in RKT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in RKT stock with ownership which is approximately 5.8325%.
