Rocket Companies Inc (NYSE: RKT) Prices Could Soar To Much Higher Levels In Coming Months

In the latest trading session,, 2.17 million Rocket Companies Inc (NYSE:RKT) shares changed hands as the company’s beta touched 2.29. With the company’s most recent per share price at $14.17 changed hands at -$0.05 or -0.34% at last look, the market valuation stands at $28.35B. RKT’s current price is a discount, trading about -42.77% off its 52-week high of $20.23. The share price had its 52-week low at $9.52, which suggests the last value was 32.82% up since then. When we look at Rocket Companies Inc’s average trading volume, we note the 10-day average is 12.68 million shares, with the 3-month average coming to 14.15 million.

Analysts gave the Rocket Companies Inc (RKT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.75. If we narrow down to specifics, the data shows that 2 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended RKT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

Rocket Companies Inc (NYSE:RKT) trade information

Instantly RKT was in red as seen in intraday trades today. With action -3.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 8.05%, with the 5-day performance at -3.53% in the red. However, in the 30-day time frame, Rocket Companies Inc (NYSE:RKT) is 8.43% up. Looking at the short shares, we see there were 65.47 million shares sold at short interest cover period of 5.06 days.

The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need an upside of 11.44% from its recent market value. According to analyst projections, RKT’s forecast low is 16 with 16 as the target high. To hit the forecast high, the stock’s price needs a -12.91% plunge from its current level, while the stock would need to soar -12.91% for it to hit the projected low.

The 2025 estimates are for Rocket Companies Inc earnings to increase by 37.99%, but the outlook for the next 5-year period is at 63.82% per year.

RKT Dividends

Rocket Companies Inc is expected to release its next quarterly earnings report on 2025-May-08.

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

If we look at who the major shareholders are, we find that insiders hold 1.89% of Rocket Companies Inc shares while 98.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.92%. There are 98.03% institutions holding the Rocket Companies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.6623% of the shares, roughly 12.1 million RKT shares worth $165.73 million.

FMR LLC holds the second largest percentage of outstanding shares, with 7.9925% or 11.16 million shares worth $152.91 million as of 2024-06-30.

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