Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Rocket Companies Inc’s current trading price is -16.46% away from its 52-week high, while its distance from the 52-week low is 149.09%. The stock’s price range during this period has varied between $7.17 and $21.38. The company, active in the Financial sector, saw a trading volume of around 0.77 million for the day, considerably lower average daily volume of 3.42 million observed over the last three months.
Rocket Companies Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $21.38 on 09/18/24, while the lowest price during the same period was $7.17 on 10/25/23.
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How Financial Performance Impacts Market Capitalization
Rocket Companies Inc (RKT) has experienced a quarterly rise of 21.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.51B and boasts a workforce of 14700 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.83, with a change in price of +4.05. Similarly, Rocket Companies Inc recorded 3,045,778 in trading volume during the last 100 days, posting a change of +29.26%.
How RKT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RKT stands at 20.54. Similarly, the long-term debt-to-equity ratio is also 15.15.
RKT Stock Stochastic Average
As of today, the raw stochastic average of Rocket Companies Inc over the last 50 days is at 24.29%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 36.78%. Further, the company’s Stochastic %K and %D values for the last 20 days were 38.68% and 33.27%, respectively.
RKT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 23.34%. However, over the past six months, we’ve seen a weaker performance of 54.90%. The price of RKT leaped by -12.54% over the last 30 days. And in the last five days, it has surged by 1.82%.
