In today’s recent session, 0.92 million shares of the Rocket Companies Inc (NYSE:RKT) have been traded, and its beta is 2.27. Most recently the company’s share price was $17.62, and it changed around -$0.14 or -0.79% from the last close, which brings the market valuation of the company to $2.46B. RKT at last check was trading at a discount to its 52-week high of $18.40, offering almost -4.43% off that amount. The share price’s 52-week low was $7.17, which indicates that the recent value has risen by an impressive 59.31% since then. We note from Rocket Companies Inc’s average daily trading volume that its 10-day average is 4.22 million shares, with the 3-month average coming to 2.85 million.
Rocket Companies Inc (NYSE:RKT) trade information
Instantly RKT has been showing red trend so far today with a performance of -0.79% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.40 on recent trading dayincreased the stock’s daily price by 4.24%. The company’s shares are currently up 21.69% year-to-date, but still up 9.10% over the last five days. On the other hand, Rocket Companies Inc (NYSE:RKT) is 32.78% up in the 30-day period. We can see from the shorts that 16.39 million shares have been sold at a short interest cover period of 6.26 day(s).
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The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to decrease their stock price by -25.86% from its current value. Analyst projections state that RKT is forecast to be at a low of $8 and a high of $23.
Rocket Companies Inc (RKT) estimates and forecasts
Rocket Companies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 52.69 percent over the past six months and at a 528.57% annual growth rate that is well above the industry average of 14.10%. The year-over-year growth rate is expected to be 35.90%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 1.3B in revenue for the current quarter. 10 analysts expect Rocket Companies Inc to make 1.27B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and 693.81M respectively. Forecasts for the next quarter put sales growth at 83.20%.
RKT Dividends
Rocket Companies Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.88% of Rocket Companies Inc shares, and 75.77% of them are in the hands of institutional investors. The stock currently has a share float of 81.37%. Rocket Companies Inc stock is held by 326.0 institutions, with FMR LLC being the largest institutional investor. By 2024-03-31, it held 9.2028% of the shares, which is about 12.29 million shares worth $178.89 million.
VANGUARD GROUP INC, with 8.5818% or 11.47 million shares worth $166.82 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
