Rocket Companies Inc (NYSE:RKT) shares, rose in value on Wednesday, March 26, with the stock price down by -1.20% to the previous day’s close as strong demand from buyers drove the stock to $13.22.
Actively observing the price movement in the last trading, the stock closed the session at $13.38, falling within a range of $13.13 and $13.66. The value of beta (5-year monthly) was 2.37 whereas the PE ratio was 78.55 over 12-month period. Referring to stock’s 52-week performance, its high was $20.23, and the low was $9.52. On the whole, RKT has fluctuated by 1.38% over the past month.
With the market capitalization of Rocket Companies Inc currently standing at about $26.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.96B, with a low estimate of 1.23B and a high estimate of 1.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.26B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RKT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.20, with the price of RKT currently trading nearly -3.19% and 4.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.84, while the 7-day volatility ratio is showing 4.19% which for the 30-day chart, stands at 6.06%. Furthermore, Rocket Companies Inc (RKT)’s beta value is 2.36, and its average true range (ATR) is 0.77.
A comparison of Rocket Companies Inc (RKT) with its peers suggests the former has fared considerably weaker in the market. RKT showed an intraday change of -1.20% in last session, and over the past year, it shrunk by -1.13%%.
Data on historical trading for Rocket Companies Inc (NYSE:RKT) indicates that the trading volumes over the past 10 days have averaged 7.61 and over the past 3 months, they’ve averaged 5.17 million. According to company’s latest data on outstanding shares, there are 146.03 million shares outstanding.
Nearly 9.00% of Rocket Companies Inc’s shares belong to company insiders and institutional investors own 70.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.6 million shares as on 2025-03-14, resulting in a short ratio of 4.11. According to the data, the short interest in Rocket Companies Inc (RKT) stood at 2093.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 20.97 million. The stock has risen by 24.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RKT stock heading into the next quarter.
