Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Rocket Companies Inc’s current trading price is -36.74% away from its 52-week high, while its distance from the 52-week low is 40.37%. The stock’s price range over this period has fluctuated between $9.64 and $21.38. The company, operating within the financial sector, had a trading volume of approximately 0.78 million for the day, which was noticeably lower than the average daily share volume of 3.42 million over the last 3 months.
Rocket Companies Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $21.38 on 09/18/24, while the lowest price for the same period was registered at $9.64 on 12/06/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Rocket Companies Inc (RKT) has experienced a quarterly decline of -29.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.98B and boasts a workforce of 14700 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.19, with a change in price of -2.02. Similarly, Rocket Companies Inc recorded 3,417,966 in trading volume during the last 100 days, posting a change of -13.00%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for RKT stands at 23.44. Similarly, the long-term debt-to-equity ratio is also 15.29.
RKT Stock Stochastic Average
Today’s raw stochastic average for Rocket Companies Inc over the last 50 days is 6.73%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 13.76%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 21.41% and 28.54%, 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. Year to date metric has recorded a loss of -6.60%.However, over the last six months, we can see a stronger performance of -7.11%. Over the last 30 days, the price of RKT has leaped by -17.02%. And in the last five days, it has fallen by -5.68%.
