Rocket Companies Inc (NYSE:RKT)’s traded shares stood at 1.08 million during the latest session, with the company’s beta value hitting 2.43. At the last check today, the stock’s price was $20.61, to imply an increase of 4.41% or $0.87 in intraday trading. The RKT share’s 52-week high remains $20.09, putting it 2.52% up since that peak but still an impressive 65.21% since price per share fell to its 52-week low of $7.17. The company has a valuation of $2.90B, with an average of 2.8 million shares in intraday trading volume over the past 10 days and average of 2.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Rocket Companies Inc (RKT), translating to a mean rating of 3.50. Of 10 analyst(s) looking at the stock, 2 analyst(s) give RKT a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.08.
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Rocket Companies Inc (NYSE:RKT) trade information
After registering a 4.41% upside in the latest session, Rocket Companies Inc (RKT) has traded red over the past five days. The 5-day price performance for the stock is 9.45%, and 35.41% over 30 days. With these gigs, the year-to-date price performance is 42.33%. Short interest in Rocket Companies Inc (NYSE:RKT) saw shorts transact 16.25 million shares and set a 5.59 days time to cover.
The extremes give us $8 and $23 for target low and target high price respectively. As such, RKT has been trading -11.6% off suggested target high and 61.18% from its likely low.
Rocket Companies Inc (RKT) estimates and forecasts
Looking at statistics comparing Rocket Companies Inc share performance against respective industry, we note that the company has outperformed competitors. Rocket Companies Inc (RKT) shares are 78.29% up over the last 6 months, with its year-to-date growth rate higher than industry average at 500.00% against 16.20%. The rating firms project that company’s revenue will grow 39.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 1.3B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 1.27B.
RKT Dividends
Rocket Companies Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Rocket Companies Inc insiders hold 6.88% of total outstanding shares, with institutional holders owning 74.90% of the shares at 80.43% float percentage. In total, 74.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 12.1 million shares (or 8.8303% of shares), all amounting to roughly $165.73 million.
The next major institution holding the largest number of shares is FMR LLC with 11.16 million shares, or about 8.1474% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $152.91 million.
