Rocket Companies Inc (NYSE:RKT) has a beta value of 2.32 and has seen 1.59 million shares traded in the recent trading session. The company, currently valued at $26.69B, closed the recent trade at $13.37 per share which meant it gained $0.19 on the day or 1.44% during that session. The RKT stock price is -59.91% off its 52-week high price of $21.38 and 24.76% above the 52-week low of $10.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.31 million shares traded. The 3-month trading volume is 4.31 million shares.
The consensus among analysts is that Rocket Companies Inc (RKT) is Hold stock at the moment, with a recommendation rating of 3.43. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 10 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
Rocket Companies Inc (NYSE:RKT) trade information
Sporting 1.44% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RKT stock price touched $13.37 or saw a rise of 15.91%. Year-to-date, Rocket Companies Inc shares have moved 18.74%, while the 5-day performance has seen it change -10.27%. Over the past 30 days, the shares of Rocket Companies Inc (NYSE:RKT) have changed 3.48%. Short interest in the company has seen 21.43 million shares shorted with days to cover at 5.9.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 25.72% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the latest price level in today’s session is -34.63% off the targeted high while a plunge would see the stock gain -34.63% from the levels at last check today.
Rocket Companies Inc (RKT) estimates and forecasts
The company’s shares have lost -30.00% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 21.56%.
4 analysts offering their estimates for the company have set an average revenue estimate of 1.26B for the current quarter. 4 have an estimated revenue figure of 1.5B for the next ending quarter. Year-ago sales stood 1.16B and 1.23B respectively for this quarter and the next, and analysts expect sales will grow by 8.62% for the current quarter and 21.56% for the next.
Earnings growth for 2025 is a modest 106.35% while over the next 5 years, the company’s earnings are expected to increase by 65.66%.
RKT Dividends
Rocket Companies Inc is expected to release its next earnings report on 2025-Feb-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Insiders own 6.55% of the company shares, while shares held by institutions stand at 75.08% with a share float percentage of 80.35%. Investors are also buoyed by the number of investors in a company, with Rocket Companies Inc having a total of 350.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 12.1 million shares worth more than $165.73 million. As of 2024-06-30, VANGUARD GROUP INC held 8.8303% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 11.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $152.91 million and represent 8.1474% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are John Hancock Fds III-Disciplined Value Mid Cap Fd and College Retirement Equities Fund-Growth Account. As of Dec 31, 2024, the former fund manager holds about 6.08% shares in the company for having 8.96 shares of worth $119.43 million while later fund manager owns 4.98 shares of worth $66.34 million as of Dec 31, 2024, which makes it owner of about 3.38% of company’s outstanding stock.
