In last trading session, Rocket Companies Inc (NYSE:RKT) saw 34.88 million shares changing hands with its beta currently measuring 2.35. Company’s recent per share price level of $13.86 trading at $1.26 or 10.00% at ring of the bell on the day assigns it a market valuation of $27.71B. That closing price of RKT’s stock is at a discount of -45.96% from its 52-week high price of $20.23 and is indicating a premium of 31.31% from its 52-week low price of $9.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.21 million shares which gives us an average trading volume of 6.29 million if we extend that period to 3-months.
For Rocket Companies Inc (RKT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 10 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Rocket Companies Inc (NYSE:RKT) trade information
Upright in the green during last session for gaining 10.00%, in the last five days RKT remained trading in the green while hitting it’s week-highest on Wednesday, 04/02/25 when the stock touched $13.86 price level, adding 4.74% to its value on the day. Rocket Companies Inc’s shares saw a change of 30.07% in year-to-date performance and have moved 4.84% in past 5-day. Rocket Companies Inc (NYSE:RKT) showed a performance of 8.98% in past 30-days. Number of shares sold short was 30.6 million shares which calculate 4.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 23.0% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -29.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -29.87% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 99.29% while estimates for its earnings growth in next 5 years are of 67.23%.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Insiders are in possession of 7.21% of company’s total shares while institution are holding 74.10 percent of that, with stock having share float percentage of 79.86%. Investors also watch the number of corporate investors in a company very closely, which is 74.10% institutions for Rocket Companies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RKT for having 12.1 million shares of worth $165.73 million. And as of 2024-06-30, it was holding 8.8303 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 11.16 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.9925 of outstanding shares, having a total worth of $152.91 million.
