Rocket Companies Inc [NYSE: RKT] stock went on a downward path that fall over -1.21% on Wednesday, amounting to a one-week price increase of more than 10.62%.
Over the last 12 months, RKT stock rose by 120.76%. The one-year Rocket Companies Inc stock forecast points to a potential downside of -31.74. The average equity rating for RKT stock is currently 3.53, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.87 billion, with 135.81 million shares outstanding and 121.27 million shares in the current float. Compared to the average trading volume of 3.29M shares, RKT stock reached a trading volume of 4537696 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 $15.50 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 3.53. 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 August 05, 2024. 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 0.85, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 4.34, with the Price to Cash per share for the same quarter was set at 9.51.
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 10.62. With this latest performance, RKT shares gained by 6.41% in over the last four-week period, additionally plugging by 60.91% over the last 6 months – not to mention a rise of 120.76% 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 61.50, with the RSI for the last a single of trading hit 62.48, and the three-weeks RSI is set at 61.44 for Rocket Companies Inc [RKT]. The present Moving Average for the last 50 days of trading for this stock 17.79, while it was recorded at 19.97 for the last single week of trading, and 14.16 for the last 200 days.
RKT Stock EPS
With the latest financial reports released by the company, Rocket Companies Inc posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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.
Rocket Companies Inc [RKT] Institutonal Ownership Details
There are presently around $73.33%, or 78.89%% of RKT stock, in the hands of institutional investors. The top three institutional holders of RKT stocks are: VANGUARD GROUP INC with ownership of 12.1 million shares, which is approximately 8.8303%. FMR LLC, holding 11.16 million shares of the stock with an approximate value of $$152.91 million in RKT stocks shares; and FMR LLC, currently with $$127.61 million in RKT stock with ownership which is approximately 6.7984%.
