On Friday, Rocket Companies Inc (NYSE: RKT) opened higher 0.88% from the last session, before settling in for the closing price of $12.57. Price fluctuations for RKT have ranged from $9.52 to $20.23 over the past 52 weeks.
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Annual sales at Financial sector company grew by 25.17% over the past five years. Company’s average yearly earnings per share was noted 44.00% at the time writing. With a float of $138.37 million, this company’s outstanding shares have now reached $150.15 million.
Let’s look at the performance matrix of the company that is accounted for 14200 employees. In terms of profitability, gross margin is 77.1%, operating margin of 15.18%, and the pretax margin is 3.15%.
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 8.53%, while institutional ownership is 92.88%. 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
According to the Wall Street analysts, stocks earnings will be around 44.00% 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 5.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.03, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.72 in one year’s time.
Technical Analysis of Rocket Companies Inc (RKT)
Rocket Companies Inc (NYSE: RKT) saw its 5-day average volume 9.54 million, a positive change from its year-to-date volume of 9.37 million. As of the previous 9 days, the stock’s Stochastic %D was 47.99%. Additionally, its Average True Range was 0.77.
During the past 100 days, Rocket Companies Inc’s (RKT) raw stochastic average was set at 44.26%, which indicates a significant decrease from 56.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.91% in the past 14 days, which was lower than the 70.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.95, while its 200-day Moving Average is $14.70. Nevertheless, the first resistance level for the watch stands at $12.87 in the near term. At $13.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.37. If the price goes on to break the first support level at $12.37, it is likely to go to the next support level at $12.07. The third support level lies at $11.87 if the price breaches the second support level.
Rocket Companies Inc (NYSE: RKT) Key Stats
There are currently 2,000,152K shares outstanding in the company with a market cap of 25.36 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 1,037 M and its income totaled -10,380 K.
