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 -23.88% away from its 52-week high, while its distance from the 52-week low is 61.77%. The stock’s price range during this period has varied between $9.52 and $20.23. The company, active in the Financial sector, saw a trading volume of around 36.51 million for the day, considerably higher average daily volume of 7.05 million observed over the last three months.
Rocket Companies Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $20.23 on 09/18/24, and the lowest price during the same period was recorded at $9.52 on 01/13/25.
How Financial Performance Impacts Market Capitalization
Rocket Companies Inc (RKT) has experienced a quarterly rise of 49.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.79B and boasts a workforce of 14200 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 13.03, with a change in price of -0.69. Similarly, Rocket Companies Inc recorded 5,869,542 in trading volume during the last 100 days, posting a change of -4.29%.
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 19.89. Similarly, the long-term debt-to-equity ratio is also 15.19.
RKT Stock Stochastic Average
As of today, the raw stochastic average of Rocket Companies Inc over the past 50 days is 88.37%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 89.41%. Additionally, the Stochastic %K and %D values for the company were 64.77% and 45.47%, respectively, over the past 20 days.
RKT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 44.53% this year. Over the last six months, there has been a stronger performance of -13.67%. The price of RKT fallen by 9.59% during the last 30 days period. For the last 5-days stocks have improved 18.19%.
