Rocket Companies Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $21.38 on 09/18/24, while the lowest price for the same duration was marked at $10.87 on 02/21/24.
52-week price history of RKT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Rocket Companies Inc’s current trading price is -48.63% away from its 52-week high, while its distance from the 52-week low is 1.03%. The stock’s price range during this period has spanned from $10.87 to $21.38. In the Financial sector, the Rocket Companies Inc’s shares surpassed a trading volume of approximately 1.37 million for the day, which was noticeably lower compared to the average daily volume of 9.3.36 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Rocket Companies Inc (RKT) has experienced a quarterly decline of -43.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.91B and boasts a workforce of 14700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.77, with a change in price of -6.20. Similarly, Rocket Companies Inc recorded 3,435,331 in trading volume during the last 100 days, posting a change of -35.94%.
Examining RKT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 0.19%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 0.40%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 4.93% and 6.59%, respectively.
RKT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -24.16%. However, over the past six months, we’ve seen a stronger performance of -20.77%. The price of RKT leaped by -20.07% over the last 30 days. And in the last five days, it has fallen by -9.46%.
