Rocket Companies Inc (NYSE:RKT) has a beta value of 2.29 and has seen 11.13 million shares traded in the last trading session. The company, currently valued at $29.90B, closed the last trade at $14.95 per share which meant it gained $0.26 on the day or 1.77% during that session. The RKT stock price is -35.32% off its 52-week high price of $20.23 and 36.32% above the 52-week low of $9.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.88 million shares traded. The 3-month trading volume is 13.71 million shares.
The consensus among analysts is that Rocket Companies Inc (RKT) is Hold stock at the moment, with a recommendation rating of 2.75. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 10 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Rocket Companies Inc (NYSE:RKT) trade information
Sporting 1.77% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RKT stock price touched $14.95 or saw a rise of 0.73%. Year-to-date, Rocket Companies Inc shares have moved 13.90%, while the 5-day performance has seen it change 8.89%. Over the past 30 days, the shares of Rocket Companies Inc (NYSE:RKT) have changed 18.93%. Short interest in the company has seen 57.69 million shares shorted with days to cover at 4.35.
Wall Street analysts have a consensus price target for the stock at $16, which means that the shares’ value could jump 6.56% from current levels. The projected low price target is $16.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -7.02% off the targeted high while a plunge would see the stock gain -7.02% from current levels.
Rocket Companies Inc (RKT) estimates and forecasts
The company’s shares have gained 36.43% over the past 6 months.
Earnings growth for 2025 is a modest 38.72% while over the next 5 years, the company’s earnings are expected to increase by 64.90%.
RKT Dividends
Rocket Companies Inc is expected to release its next earnings report on 2025-May-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rocket Companies Inc (NYSE:RKT)’s Major holders
Insiders own 1.89% of the company shares, while shares held by institutions stand at 97.87% with a share float percentage of 99.76%. Investors are also buoyed by the number of investors in a company, with Rocket Companies Inc having a total of 401.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 12.1 million shares worth more than $165.73 million. As of 2024-06-30, VANGUARD GROUP INC held 8.6623% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 11.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $152.91 million and represent 7.9925% of shares outstanding.
