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RKT’s Financial Health: Exploring Rocket Companies Inc’s Debt-to-Equity Ratio of 1.79

Rocket Companies Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $21.38 on 09/18/24, with the lowest value being $7.85 on 11/09/23.

52-week price history of RKT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Rocket Companies Inc’s current trading price is -24.74% away from its 52-week high, while its distance from the 52-week low is 104.97%. The stock’s price range during this period has fluctuated between $7.85 and $21.38. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 3.49 million for the day, which was evidently higher than the average daily volume of 3.19 million over the last three months.

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Financial Performance and Market Capitalization

Rocket Companies Inc (RKT) has experienced a quarterly decline of -10.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 32.01B and boasts a workforce of 14700 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.14, with a change in price of +1.50. Similarly, Rocket Companies Inc recorded 3,249,014 in trading volume during the last 100 days, posting a change of +10.28%.

RKT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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

Rocket Companies Inc’s raw stochastic average for the past 50 days is currently at 16.43%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 27.08%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 22.97% and 18.89%, respectively.

RKT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 11.12% this year. Over the last six months, there has been a weaker performance of 14.19%. The price of RKT leaped by -6.94% during the last 30 days period. For the last 5-days stocks have slided -0.06%.

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