On Monday, Rocket Companies Inc (NYSE: RKT) opened higher 7.98% from the last session, before settling in for the closing price of $11.90. Price fluctuations for RKT have ranged from $9.52 to $20.23 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 25.17%. Company’s average yearly earnings per share was noted 101.96% at the time writing. With a float of $136.63 million, this company’s outstanding shares have now reached $146.03 million.
Let’s determine the extent of company efficiency that accounts for 14200 employees. In terms of profitability, gross margin is 99.96%, operating margin of 37.32%, and the pretax margin is 14.0%.
Rocket Companies Inc (RKT) Insider Activity
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 9.00%, while institutional ownership is 69.20%. 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 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 101.96% 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 0.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.17, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.79 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 18.22 million, which is a jump from its year-to-date volume of 8.17 million. As of the previous 9 days, the stock’s Stochastic %D was 22.08%. Additionally, its Average True Range was 1.14.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 47.13%, which indicates a significant increase from 37.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.41% in the past 14 days, which was higher than the 66.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.50, while its 200-day Moving Average is $15.05. However, in the short run, Rocket Companies Inc’s stock first resistance to watch stands at $13.24. Second resistance stands at $13.63. The third major resistance level sits at $14.26. If the price goes on to break the first support level at $12.22, it is likely to go to the next support level at $11.59. Should the price break the second support level, the third support level stands at $11.20.
Rocket Companies Inc (NYSE: RKT) Key Stats
There are currently 1,996,186K shares outstanding in the company with a market cap of 1.93 billion. Presently, the company’s annual sales total 5,101 M according to its annual income of 29,370 K. Last quarter, the company’s sales amounted to 1,769 M and its income totaled 33,870 K.
