Rocket Companies Inc. (RKT) saw downtrend of -0.55% in the recent trading with $19.89 being its most recent. The current price level -42.22% lower than the highest price of $34.42 marked by the stock while trading over the past 52-weeks, whereas it is 13.66% higher than the lowest price of $17.50 the company dropped to over past 52-weeks. The latest news story on RKT appeared in Zacks under the title “Riot Blockchain (RIOT) in Focus: Stock Moves 9.3% Higher” on Dec-31-20.
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Squeezing the time span to 30 day period shows us the stock is currently trading -12.92% below one month high and is +1.74% above of the lowest during that time. Looking into the simple moving average, Rocket Companies Inc. (RKT)’s stock stands at a SMA-50 of $20.76 while that of 5-day is reading $20.40.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rocket Companies Inc. (RKT) last released financial results for the quarter that ended 9/29/2020, posting a surprise factor of 11.00% for net revenue. During the reported three-month period, company’s sales were $4.74 billion while analysts on average were estimating the same to be $3.9 billion.
The perspective of Rocket Companies Inc. (NYSE:RKT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.09 for stock’s EPS in the current quarter. 14 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 1.21.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 115.37 million. RKT does have institutional investors; and they hold 68.70% or $4873.05 of the stock.
As on Sep 29, 2020, Invesco Ltd. was the top most holder in Rocket Companies Inc. (NYSE:RKT) with an ownership of 10.76 million shares of the company or 9.32% of the stake worth $214.4 million. The filing also reveals Caledonia (Private) Investments Pty Ltd as the second largest holder in the company with a control over 8.24% of the outstanding shares. Its stake is worth $189.5 million for having 9.51 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 4.73% of the outstanding shares. With this there are now 245 institutions which have possession in RKT’s shares.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Rocket Companies Inc. And review of current evaluations agreed by the analysts discloses a Buy rating for RKT. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.40 for the stock. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock. Currently, the stock has been recommended as Moderate Buy by 15 of the Wall Street analysts.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Rocket Companies Inc. has a debt to equity ratio of 89.12. The count was 451.64 for long-term debt to equity ratio.
The rising figure indicates that RKT came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Mortgage Finance industry and with the broader scale at the Financial sector level shows that industry’s average ROE is 7.58.