Rocket Companies Inc [NYSE: RKT] loss -15.35% or -2.42 points to close at $13.35 with a heavy trading volume of 27111436 shares.
The daily chart for RKT points out that the company has recorded -32.51% loss over the past six months.
If we look at the average trading volume of 3.69M shares, RKT reached to a volume of 27111436 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 $13.67 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 3.43. 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.
UBS have made an estimate for Rocket Companies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, Keefe Bruyette dropped their target price from $16 to $11.50. The new note on the price target was released on December 10, 2024, representing the official price target for Rocket Companies Inc stock. Previously, the target price had yet another raise to $15, while BofA Securities analysts kept a Neutral rating on RKT stock. On November 05, 2024, analysts increased their price target for RKT shares from 11 to 18.
The Average True Range (ATR) for Rocket Companies Inc is set at 0.93, with the Price to Sales ratio for RKT stock in the period of the last 12 months amounting to 5.71. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 0.65.
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 -5.05. With this latest performance, RKT shares gained by 1.29% in over the last four-week period, additionally sinking by -32.51% over the last 6 months – not to mention a rise of 6.04% 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 49.73, with the RSI for the last a single of trading hit 46.85, and the three-weeks RSI is set at 50.73 for Rocket Companies Inc [RKT]. The present Moving Average for the last 50 days of trading for this stock 12.40, while it was recorded at 14.46 for the last single week of trading, and 15.11 for the last 200 days.
Rocket Companies Inc [RKT]: An earnings per share (EPS) analysis
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 67.19%.
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 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 6.6691%.
