Rocket Companies, Inc. (NYSE:RKT) traded at $23.11 at last check on Tuesday, Oct 13, making a downturn move of -0.13% on its previous day’s price.
Looking at the stock we see that its previous close was $23.14 and the beta (5Y monthly) reads 0 with the day’s price range being $22.96 – 23.93. The company has a 12-month trailing PE ratio of 9.55. In terms of its 52-week price range, RKT has a high of $34.42 and a low of $17.5. The company’s stock has gained about 1.71% over that past 30 days.
Based on estimates by 13 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Rocket Companies, Inc. (RKT) stock as a Hold, while 4 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the RKT stock currently stands at 0.37, and the current price level is 6.03% off its SMA20 and -0.34% from its 50-day simple moving average. The RSI (14) is pointing at 57.4 while the volatility over the past week is 5.88% and jumps to 6.12% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 1.62. The average price target for the stock over the next 12 months is $26.88, with the estimates having a low of $19 and a high of $35. These price ends are -17.78% and +51.45% off the current price level respectively, although investors could be excited at the prospect of a +21.16% if the RKT share price touches on the median price of $28.
Let’s briefly compare Rocket (RKT) stock to its peers. We find that today’s price change of -0.13% and 0% over the past 12 months for RKT competes that of Spotify Technology S.A. (SPOT), which has seen its stock price rise 4.16% in the latest trading session and is +117.72% over the last one year. Another of its peers Docusign Inc (DOCU) has climbed 2.82% today, and is +248.5% up over the past year, while Thomson Reuters Corp (TRI) is also down -0.13% yet its price remains in the red at 0% over the same period. Spotify has a P/E ratio of 0 compared to Rocket’s 9.55 and Docusign’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.32% and -0.34%, respectively, in early deals.
Coming back to Rocket Companies, Inc. (NYSE:RKT), we note that the average 3-month trading volume was 22.09 Million, while that of the preceding 10-day period stands at 11.37 Million. Current shares outstanding are 115.37 Million.