Rocket Companies Inc (NYSE:RKT) shares, rose in value on Wednesday, April 16, with the stock price down by -2.00% to the previous day’s close as strong demand from buyers drove the stock to $12.25.
Actively observing the price movement in the last trading, the stock closed the session at $12.50, falling within a range of $12.04 and $12.52. The value of beta (5-year monthly) was 2.356 whereas the PE ratio was 72.79 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 -15.23% over the past month.
With the market capitalization of Rocket Companies Inc currently standing at about $24.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
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 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.09, with the price of RKT currently trading nearly -7.46% and -6.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.38, while the 7-day volatility ratio is showing 7.59% which for the 30-day chart, stands at 7.84%. Furthermore, Rocket Companies Inc (RKT)’s beta value is 2.30, and its average true range (ATR) is 1.06.
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 -2.00% in last session, and over the past year, it grew by 10.93%%.
Data on historical trading for Rocket Companies Inc (NYSE:RKT) indicates that the trading volumes over the past 10 days have averaged 18.03 and over the past 3 months, they’ve averaged 9.06 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 69.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.72 million shares as on 2025-03-31, resulting in a short ratio of 2.6. According to the data, the short interest in Rocket Companies Inc (RKT) stood at 1760.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 21.43 million. The stock has risen by 14.96% 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.
