During the recent session, Rocket Companies Inc (NYSE:RKT)’s traded shares were 0.89 million, with the beta value of the company hitting 2.34. At the last check today, the stock’s price was $13.14, reflecting an intraday loss of -0.15% or -$0.02. The 52-week high for the RKT share is $20.23, that puts it down -53.96 from that peak though still a striking 27.55% gain since the share price plummeted to a 52-week low of $9.52. The company’s market capitalization is $26.23B, and the average intraday trading volume over the past 10 days was 6.19 million shares, and the average trade volume was 5.27 million shares over the past three months.
Rocket Companies Inc (RKT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.46. RKT has a Sell rating from 2 analyst(s) out of 10 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.
Rocket Companies Inc (NYSE:RKT) trade information
Rocket Companies Inc (RKT) registered a -0.15% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.15% in intraday trading to $13.14, hitting a weekly high. The stock’s 5-day price performance is -6.87%, and it has moved by 8.23% in 30 days. Based on these gigs, the overall price performance for the year is 0.91%. The short interest in Rocket Companies Inc (NYSE:RKT) is 30.6 million shares and it means that shorts have 4.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 27.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $18 respectively. As a result, RKT is trading at a discount of -36.99% off the target high and -36.99% off the low.
Rocket Companies Inc (RKT) estimates and forecasts
In the rating firms’ projections, revenue will increase 21.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.26B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.5B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.16B and 1.23B respectively. In this case, analysts expect current quarter sales to grow by 8.46% and then jump by 21.91% in the coming quarter.
RKT Dividends
Rocket Companies Inc is due to release its next quarterly earnings on 2025-Feb-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Rocket Companies Inc insiders own 7.35% of total outstanding shares while institutional holders control 75.32%, with the float percentage being 81.29%. VANGUARD GROUP INC is the largest shareholder of the company, while 351.0 institutions own stock in it. As of 2024-06-30, the company held over 12.1 million shares (or 8.8303% of all shares), a total value of $165.73 million in shares.
The next largest institutional holding, with 11.16 million shares, is of FMR LLC’s that is approximately 7.9925% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $152.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rocket Companies Inc (RKT) shares are John Hancock Funds III-John Hancock Disciplined Value Mid Cap Fund and College Retirement Equities Fund-Growth Account. Data provided on Feb 28, 2025 indicates that John Hancock Funds III-John Hancock Disciplined Value Mid Cap Fund owns about 9.42 shares. This amounts to just over 6.39 percent of the company’s overall shares, with a $123.68 million market value. The same data shows that the other fund manager holds slightly less at 4.98, or about 3.38% of the stock, which is worth about $65.37 million.
