Let’s start up with the current stock price of Rocket Companies Inc. (RKT), which is $15.82 to be very precise. The Stock rose vividly during the last session to $15.97 after opening rate of $15.44 while the lowest price it went was recorded $15.415 before closing at $15.29.Recently in News on October 4, 2021, Rocket Companies Announces Early Tender Results of Cash Tender Offer and Consent Solicitation for Any and All of Rocket Mortgage’s 5.250% Senior Notes Due 2028 and Receipt Of Requisite Consents. Rocket Companies, Inc. (NYSE: RKT) (the “Company” or “Rocket Companies”), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services business – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the early tender results as of 5:00 p.m., New York City time, on October 4, 2021 (the “Early Tender Deadline”) of the previously announced tender offer (the “Tender Offer”) of its subsidiary, Rocket Mortgage, LLC (the “Issuer”), to purchase for cash any and all of the Issuer’s outstanding 5.250% senior notes due 2028 (the “Notes”). You can read further details here
Rocket Companies Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $43.00 on 03/02/21, with the lowest value was $14.94 for the same time period, recorded on 10/11/21.
Rocket Companies Inc. (RKT) full year performance was -29.81%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rocket Companies Inc. shares are logging -61.51% during the 52-week period from high price, and 5.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $14.94 and $41.10.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 3931605 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rocket Companies Inc. (RKT) recorded performance in the market was -18.14%, having the revenues showcasing -10.52% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 32.17B, as it employees total of 20000 workers.
Rocket Companies Inc. (RKT) in the eye of market guru’s
During the last month, 2 analysts gave the Rocket Companies Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 9 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 3 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 17.84, with a change in the price was noted -1.12. In a similar fashion, Rocket Companies Inc. posted a movement of -6.61% for the period of last 100 days, recording 6,327,477 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RKT is recording 40.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 4.91.
Rocket Companies Inc. (RKT): Stocks Technical analysis and Trends
Raw Stochastic average of Rocket Companies Inc. in the period of last 50 days is set at 19.09%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 37.93%. In the last 20 days, the company’s Stochastic %K was 20.26% and its Stochastic %D was recorded 11.54%.
If we look into the earlier routines of Rocket Companies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -18.14%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -30.49%, alongside a downfall of -29.81% for the period of the last 12 months. The shares increased approximately by 3.74% in the 7-day charts and went up by -5.33% in the period of the last 30 days. Common stock shares were lifted by -10.52% during last recorded quarter.