Rocket Companies Inc (NYSE: RKT) on Tuesday, soared 3.15% from the previous trading day, before settling in for the closing price of $17.76. Within the past 52 weeks, RKT’s price has moved between $7.17 and $18.40.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Financial sector has jumped its sales by 25.90% annually for the last half of the decade. The company achieved an average annual earnings per share of 499.13%. With a float of $120.30 million, this company’s outstanding shares have now reached $135.81 million.
In an organization with 14700 employees, it is important to assess its efficiency.
Rocket Companies Inc (RKT) Insider and Institutional Ownership
Observing investor behavior towards Mortgage Finance industry stocks is more important than anything else. The insider ownership of Rocket Companies Inc is 13.75%, while institutional ownership is 68.67%. The most recent insider transaction that took place on Jun 28 ’24, was worth 4,385. In this transaction Director of this company bought 318 shares at a rate of $13.79, taking the stock ownership to the 707,528 shares. Before that another transaction happened on Jun 27 ’24, when Company’s Director bought 316 for $13.80, making the entire transaction worth $4,361. This insider now owns 707,210 shares in total.
Rocket Companies Inc (RKT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 499.13% per share during the next fiscal year.
Rocket Companies Inc (NYSE: RKT) Trading Performance Indicators
Rocket Companies Inc (RKT) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.57 in one year’s time.
Technical Analysis of Rocket Companies Inc (RKT)
Let’s dig in a bit further. During the last 5-days, its volume was 6.72 million. That was better than the volume of 2.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.30%. Additionally, its Average True Range was 0.96.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 94.79%, which indicates a significant increase from 90.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.29% in the past 14 days, which was higher than the 51.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.61, while its 200-day Moving Average is $12.50. However, in the short run, Rocket Companies Inc’s stock first resistance to watch stands at $18.94. Second resistance stands at $19.56. The third major resistance level sits at $20.42. If the price goes on to break the first support level at $17.47, it is likely to go to the next support level at $16.61. The third support level lies at $15.99 if the price breaches the second support level.
Rocket Companies Inc (NYSE: RKT) Key Stats
Market capitalization of the company is 2.56 billion based on 1,988,356K outstanding shares. Right now, sales total 3,799 M and income totals -15,510 K. The company made 1,301 M in profit during its latest quarter, and 1,290 K in sales during its previous quarter.
