Rocket Companies Inc (NYSE: RKT) on Friday, plunged -1.87% from the previous trading day, before settling in for the closing price of $12.84. Within the past 52 weeks, RKT’s price has moved between $10.06 and $21.38.
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
During the last 5-year period, the sales growth of Financial Sector giant was 24.20%. The company achieved an average annual earnings per share of 400.13%. 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
Observing investor behavior towards Mortgage Finance industry stocks is more important than anything else. The insider ownership of Rocket Companies Inc is 7.38%, while institutional ownership is 66.09%. 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 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 400.13% 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 5.65.
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 0.52 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 3.76 million, which is a jump from its year-to-date volume of 3.24 million. As of the previous 9 days, the stock’s Stochastic %D was 69.40%. Additionally, its Average True Range was 0.52.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 22.44%, which indicates a significant decrease from 82.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.06% in the past 14 days, which was higher than the 43.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.33, while its 200-day Moving Average is $15.08. However, in the short run, Rocket Companies Inc’s stock first resistance to watch stands at $12.83. Second resistance stands at $13.06. The third major resistance level sits at $13.24. If the price goes on to break the first support level at $12.42, it is likely to go to the next support level at $12.24. Should the price break the second support level, the third support level stands at $12.01.
Rocket Companies Inc (NYSE: RKT) Key Stats
Market capitalization of the company is 25.13 billion based on 1,994,715K outstanding shares. Right now, sales total 3,799 M and income totals -15,510 K. The company made 646,950 K in profit during its latest quarter, and -22,010 K in sales during its previous quarter.
