Rocket Companies Inc. (NYSE: RKT) kicked off on June 22, 2022, at the price of $6.64, up 2.65% from the previous trading day. During the day, the shares moved up to $7.055 and dropped to $6.6138 before settling in for the closing price of $6.78. Over the past 52 weeks, RKT has traded in a range of $6.27-$19.36.
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Annual sales at Financial sector company grew by 21.90% over the past five years. While this was happening, its average annual earnings per share was recorded 31.70%. With a float of $110.39 million, this company’s outstanding shares have now reached $115.37 million.
Let’s look at the performance matrix of the company that is accounted for 20000 employees. In terms of profitability, gross margin is +99.25, operating margin of +66.76, and the pretax margin is +61.84.
Rocket Companies Inc. (RKT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Mortgage Finance Industry. The insider ownership of Rocket Companies Inc. is 3.70%, while institutional ownership is 68.40%. The most recent insider transaction that took place on Jun 22, was worth 199,342. In this transaction Chief Executive Officer of this company bought 28,600 shares at a rate of $6.97, taking the stock ownership to the 2,798,407 shares. Before that another transaction happened on Jun 22, when Company’s Director bought 3,100 for $6.97, making the entire transaction worth $21,607. This insider now owns 214,902 shares in total.
Rocket Companies Inc. (RKT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported $0.15 earnings per share (EPS), lower than consensus estimate (set at $0.19) by -$0.04. This company achieved a net margin of +3.08 while generating a return on equity of 53.34. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.70% per share during the next fiscal year.
Rocket Companies Inc. (NYSE: RKT) Trading Performance Indicators
Take a look at Rocket Companies Inc.’s (RKT) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 1.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.62, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.82 in one year’s time.
Technical Analysis of Rocket Companies Inc. (RKT)
Rocket Companies Inc. (NYSE: RKT) saw its 5-day average volume 5.21 million, a positive change from its year-to-date volume of 5.1 million. As of the previous 9 days, the stock’s Stochastic %D was 17.36%. Additionally, its Average True Range was 0.48.
During the past 100 days, Rocket Companies Inc.’s (RKT) raw stochastic average was set at 8.59%, which indicates a significant decrease from 25.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.48% in the past 14 days, which was lower than the 65.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.55, while its 200-day Moving Average is $12.89. Nevertheless, the first resistance level for the watch stands at $7.14 in the near term. At $7.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.58. If the price goes on to break the first support level at $6.70, it is likely to go to the next support level at $6.44. The third support level lies at $6.26 if the price breaches the second support level.
Rocket Companies Inc. (NYSE: RKT) Key Stats
The company with the Market Capitalisation of 14.04 billion has total of 1,969,955K Shares Outstanding. Its annual sales at the moment are 12,914 M in contrast with the sum of 308,210 K annual income. Company’s last quarter sales were recorded 2,671 M and last quarter income was 53,710 K.