A new trading day began on Monday, with Rocket Companies Inc (NYSE: RKT) stock price down -0.63% from the previous day of trading, before settling in for the closing price of $11.10. RKT’s price has ranged from $10.87 to $21.38 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 25.90%. Meanwhile, its annual earnings per share averaged 405.09%. With a float of $135.07 million, this company’s outstanding shares have now reached $144.92 million.
Let’s determine the extent of company efficiency that accounts for 14700 employees. In terms of profitability, gross margin is 97.91%, operating margin of 6.65%, and the pretax margin is -6.39%.
Rocket Companies Inc (RKT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Mortgage Finance Industry. The insider ownership of Rocket Companies Inc is 7.38%, while institutional ownership is 66.29%. 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
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 405.09% per share during the next fiscal year.
Rocket Companies Inc (NYSE: RKT) Trading Performance Indicators
Here are Rocket Companies Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.59 in one year’s time.
Technical Analysis of Rocket Companies Inc (RKT)
Looking closely at Rocket Companies Inc (NYSE: RKT), its last 5-days average volume was 2.53 million, which is a drop from its year-to-date volume of 2.93 million. As of the previous 9 days, the stock’s Stochastic %D was 13.70%. Additionally, its Average True Range was 0.52.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 2.36%, which indicates a significant decrease from 10.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.20% in the past 14 days, which was lower than the 42.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.14, while its 200-day Moving Average is $15.26. However, in the short run, Rocket Companies Inc’s stock first resistance to watch stands at $11.15. Second resistance stands at $11.26. The third major resistance level sits at $11.45. If the price goes on to break the first support level at $10.85, it is likely to go to the next support level at $10.66. Should the price break the second support level, the third support level stands at $10.55.
Rocket Companies Inc (NYSE: RKT) Key Stats
With a market capitalization of 22.00 billion, the company has a total of 1,994,715K Shares Outstanding. Currently, annual sales are 3,799 M while annual income is -15,510 K. The company’s previous quarter sales were 646,950 K while its latest quarter income was -22,010 K.
