Rocket Companies Inc [NYSE: RKT] loss -0.51% on the last trading session, reaching $13.61 price per share at the time.
If compared to the average trading volume of 3.48M shares, RKT reached a trading volume of 3049550 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $15.58 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 3.40. 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 November 15, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $11 to $18. The new note on the price target was released on November 05, 2024, representing the official price target for Rocket Companies Inc stock. On January 16, 2024, analysts increased their price target for RKT shares from 9 to 10.
The Average True Range (ATR) for Rocket Companies Inc is set at 0.68, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 6.10. The Price to Book ratio for the last quarter was 3.02, with the Price to Cash per share for the same quarter was set at 0.63.
Trading performance analysis for RKT stock
Rocket Companies Inc [RKT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.37. With this latest performance, RKT shares dropped by -17.06% in over the last four-week period, additionally plugging by 0.07% over the last 6 months – not to mention a rise of 52.07% 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 26.44, with the RSI for the last a single of trading hit 23.26, and the three-weeks RSI is set at 30.33 for Rocket Companies Inc [RKT]. The present Moving Average for the last 50 days of trading for this stock 17.13, while it was recorded at 13.61 for the last single week of trading, and 15.16 for the last 200 days.
An analysis of Institutional ownership at Rocket Companies Inc [RKT]
There are presently around $74.71%, or 80.12%% 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%.
