On Friday, Rocket Companies Inc (NYSE: RKT) opened higher 1.84% from the last session, before settling in for the closing price of $18.49. Price fluctuations for RKT have ranged from $7.17 to $19.15 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 25.90%. Company’s average yearly earnings per share was noted 501.17% at the time writing. With a float of $121.13 million, this company’s outstanding shares have now reached $135.81 million.
The extent of productivity of a business whose workforce counts for 14700 workers is very important to gauge. In terms of profitability, gross margin is 97.47%, operating margin of 12.7%, and the pretax margin is 8.44%.
Rocket Companies Inc (RKT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Mortgage Finance industry is another important factor to consider. The insider ownership of Rocket Companies Inc is 13.75%, while institutional ownership is 67.53%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.03) by 0.03. 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 501.17% per share during the next fiscal year.
Rocket Companies Inc (NYSE: RKT) Trading Performance Indicators
Check out the current performance indicators for Rocket Companies Inc (RKT). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65.
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)
The latest stats from [Rocket Companies Inc, RKT] show that its last 5-days average volume of 3.18 million was superior to 2.67 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic%D was 85.95%. Additionally, its Average True Range was 0.92.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 94.35%, which indicates a significant increase from 90.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.18% in the past 14 days, which was higher than the 51.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.29, while its 200-day Moving Average is $12.94. Now, the first resistance to watch is $19.21. This is followed by the second major resistance level at $19.58. The third major resistance level sits at $19.89. If the price goes on to break the first support level at $18.53, it is likely to go to the next support level at $18.22. The third support level lies at $17.85 if the price breaches the second support level.
Rocket Companies Inc (NYSE: RKT) Key Stats
There are currently 1,988,356K shares outstanding in the company with a market cap of 2.65 billion. Presently, the company’s annual sales total 3,799 M according to its annual income of -15,510 K. Last quarter, the company’s sales amounted to 1,301 M and its income totaled 1,290 K.
