Rocket Companies Inc [NYSE: RKT] surged by $0.51 during the normal trading session on while it closed the day at $17.76.
Rocket Companies Inc stock has also gained 10.72% of its value over the past 7 days. However, RKT stock has inclined by 33.53% in the 3 months of the year. Over the past six months meanwhile, it has gained 41.97% and gained 22.65% year-on date.
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The market cap for RKT stock reached $2.48 billion, with 135.81 million shares outstanding and 120.30 million shares in the current float. Compared to the average trading volume of 2.78M shares, RKT reached a trading volume of 7693237 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 $13.96 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 3.50. 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.
Keefe Bruyette have made an estimate for Rocket Companies Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on Aug-06-24. While these analysts kept the previous recommendation, Citigroup dropped their target price from $9 to $10. The new note on the price target was released on January 16, 2024, representing the official price target for Rocket Companies Inc stock. On January 04, 2024, analysts increased their price target for RKT shares from 8.50 to 10.50.
The Average True Range (ATR) for Rocket Companies Inc is set at 0.92, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 3.78, with the Price to Cash per share for the same quarter was set at 9.59.
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 10.72. With this latest performance, RKT shares gained by 27.49% in over the last four-week period, additionally plugging by 41.97% over the last 6 months – not to mention a rise of 75.49% 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 71.35, with the RSI for the last a single of trading hit 74.89, and the three-weeks RSI is set at 68.34 for Rocket Companies Inc [RKT]. The present Moving Average for the last 50 days of trading for this stock 14.52, while it was recorded at 16.54 for the last single week of trading, and 12.45 for the last 200 days.
Rocket Companies Inc [RKT]: Institutional Ownership
The top three institutional holders of RKT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RKT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RKT stock with ownership which is approximately 5.1238%.
