Why Has Rocket Companies Inc (NYSE: RKT) Inclined So Much?

Rocket Companies Inc (NYSE:RKT) traded at $13630000.0 at last check on current trade day and made an upward move of 2648635% on its previous day’s price.

Looking at the stock we see that its previous close was $14.4 and the beta (5Y monthly) reads 2.284 with the day’s price range being $14.04 – $14.5. In terms of its 52-week price range, RKT has a high of $20.23 and a low of $9.52. The company’s stock has gained about 17.52% over that past 30 days.

Rocket Companies Inc has a market cap of $28.77 billion and is expected to release its quarterly earnings report on 2025-May-08.

Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Rocket Companies Inc (RKT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 8.70% off its SMA20 and 13.16% from its 50-day simple moving average. The RSI (14) is pointing at 62.88 while the volatility over the past week is 4.06% and jumps to 2.64% over the past one month. The average price target for the stock over the next 12 months is $16, with the estimates having a low of $16 and a high of $16. These price ends are 100.0% and 100.0% off the today’s price level respectively, although investors could be excited at the prospect of a 100.0% if the RKT share price touches on the median price of $16.

Coming back to Rocket Companies Inc (NYSE:RKT), we note that the average 3-month trading volume was 13.63 million, while that of the preceding 10-day period stands at 12.15 million. Current shares outstanding are 150.15 million.

The insiders hold 8.56% of the company’s shares while institutions hold 92.87%. The data shows that short shares as of 2025-05-30, stood at 57.69 million at a short ratio of 4.35. This represents a 3879.00 short interest in shares outstanding on 2025-05-30. Shares short rose in May from the previous month at 48.4 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.29% up in year-to-date price movement.

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