Rocket Companies Inc (NYSE: RKT) kicked off on Monday, down -9.33% from the previous trading day, before settling in for the closing price of $18.01. Over the past 52 weeks, RKT has traded in a range of $7.17-$21.38.
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Financial Sector giant saw their annual sales surged by 25.90% over the last five years. While this was happening, its average annual earnings per share was recorded 513.30%. With a float of $121.27 million, this company’s outstanding shares have now reached $135.81 million.
The firm has a total of 14700 workers. Let’s measure their productivity. 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 Activity
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 13.73%, while institutional ownership is 64.76%. 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) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0 earnings per share (EPS), higher than consensus estimate (set at -0.03) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 513.30% 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. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.56.
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 0.65 in one year’s time.
Technical Analysis of Rocket Companies Inc (RKT)
Analysing the last 5-days average volume posted by the [Rocket Companies Inc, RKT], we can find that recorded value of 3.35 million was better than the volume posted last year of 2.81 million. As of the previous 9 days, the stock’s Stochastic %D was 36.51%. Additionally, its Average True Range was 0.80.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 39.38%, which indicates a significant increase from 5.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.25% in the past 14 days, which was higher than the 46.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.96, while its 200-day Moving Average is $14.80. Now, the first resistance to watch is $17.46. This is followed by the second major resistance level at $18.59. The third major resistance level sits at $19.24. If the price goes on to break the first support level at $15.68, it is likely to go to the next support level at $15.03. Should the price break the second support level, the third support level stands at $13.90.
Rocket Companies Inc (NYSE: RKT) Key Stats
The company with the Market Capitalisation of 2.30 billion has total of 1,988,356K Shares Outstanding. Its annual sales at the moment are 3,799 M in contrast with the sum of -15,510 K annual income. Company’s last quarter sales were recorded 1,301 M and last quarter income was 1,290 K.
