In the last trading session, 9.24 million shares of the Rocket Companies Inc (NYSE:RKT) were traded, and its beta was 2.28. Most recently the company’s share price was $13.73, and it changed around -$0.03 or -0.22% from the last close, which brings the market valuation of the company to $27.46B. RKT currently trades at a discount to its 52-week high of $20.23, offering almost -47.34% off that amount. The share price’s 52-week low was $9.52, which indicates that the current value has risen by an impressive 30.66% since then.
Rocket Companies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.75. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 11 recommended RKT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Rocket Companies Inc is expected to report earnings per share of 0.04 for the current quarter.
Rocket Companies Inc (NYSE:RKT) trade information
Instantly RKT has showed a red trend with a performance of -0.22% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.22 on recent trading dayincreased the stock’s daily price by 3.45%. The company’s shares are currently up 28.85% year-to-date, but still up 7.69% over the last five days. On the other hand, Rocket Companies Inc (NYSE:RKT) is 7.52% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 14.19% from its current value. Analyst projections state that RKT is forecast to be at a low of $16 and a high of $16.
Rocket Companies Inc (RKT) estimates and forecasts
The year-over-year growth rate is expected to be 10.81%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 1.28B in revenue for the current quarter. 3 analysts expect Rocket Companies Inc to make 1.48B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.23B and 1.32B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.42%. Forecasts for the next quarter put sales growth at 12.17%.
Rocket Companies Inc earnings are expected to increase by 38.72% in 2025, but the outlook is positive 63.72% per year for the next five years.
RKT Dividends
Rocket Companies Inc’s next quarterly earnings report is expected to be released in July.
FMR LLC, with 7.9925% or 11.16 million shares worth $152.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
