Rocket Companies Inc (NYSE:RKT) -3.20% Down Over A Week, Can The Stock Hit Well Above -$0.40?

In last trading session, Rocket Companies Inc (NYSE:RKT) saw 13.53 million shares changing hands with its beta currently measuring 2.26. Company’s recent per share price level of $12.10 trading at -$0.24 or -1.94% at ring of the bell on the day assigns it a market valuation of $24.19B. That closing price of RKT’s stock is at a discount of -67.19% from its 52-week high price of $20.23 and is indicating a premium of 21.32% 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 12.97 million shares which gives us an average trading volume of 9.39 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 2.83. 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. The company is expected to be making an EPS of 0.04 in the current quarter.

Rocket Companies Inc (NYSE:RKT) trade information

Upright in the red during last session for losing -1.94%, in the last five days RKT remained trading in the red while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $12.10 price level, adding 9.84% to its value on the day. Rocket Companies Inc’s shares saw a change of 13.56% in year-to-date performance and have moved -3.20% in past 5-day. Rocket Companies Inc (NYSE:RKT) showed a performance of -12.06% in past 30-days. Number of shares sold short was 25.72 million shares which calculate 2.6 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 17 to the stock, which implies a rise of 28.82% to its current value. Analysts have been projecting 16 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 -32.23% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.23% for stock’s current value.

Rocket Companies Inc (RKT) estimates and forecasts

This year revenue growth is estimated to rise 23.09% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.25B for the same. And 2 analysts are in estimates of company making revenue of 1.5B in the next quarter. Company posted 1.16B and 1.23B of sales in current and next quarters respectively a year earlier.

In 2025, company’s earnings growth rate is likely to be around 95.71% while estimates for its earnings growth in next 5 years are of 67.06%.

Rocket Companies Inc (NYSE:RKT)’s Major holders

Insiders are in possession of 7.48% of company’s total shares while institution are holding 74.21 percent of that, with stock having share float percentage of 80.21%. Investors also watch the number of corporate investors in a company very closely, which is 74.21% 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 8.6623 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.

On the other hand, John Hancock Funds III-John Hancock Disciplined Value Mid Cap Fund and College Retirement Equities Fund-Growth Account are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 8.91 shares of worth $107.76 million or 6.05% of the total outstanding shares. The later fund manager was in possession of 4.98 shares on Dec 31, 2024 , making its stake of worth around $60.22 million in the company or a holder of 3.38% of company’s stock.