While Rocket Companies Inc has underperformed by -2.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RKT rose by 15.83%, with highs and lows ranging from $21.38 to $10.50, whereas the simple moving average fell by -18.29% in the last 200 days.
On December 10, 2024, Keefe Bruyette Downgraded Rocket Companies Inc (NYSE: RKT) to Underperform. A report published by BofA Securities on November 15, 2024, Upgraded its rating to ‘Neutral’ for RKT. Morgan Stanley also rated RKT shares as ‘Equal-Weight’, setting a target price of $18 on the company’s shares in an initiating report dated November 05, 2024. Citigroup January 16, 2024d its ‘Neutral’ rating to ‘Sell’ for RKT, as published in its report on January 16, 2024. JP Morgan also rated the stock as ‘Underweight’.
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Analysis of Rocket Companies Inc (RKT)
Further, the quarter-over-quarter increase in sales is 40.81%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Rocket Companies Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -2.39% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and RKT is recording an average volume of 3.39M. On a monthly basis, the volatility of the stock is set at 3.68%, whereas on a weekly basis, it is put at 4.13%, with a loss of -7.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.85, showing growth from the present price of $12.51, which can serve as yet another indication of whether RKT is worth investing in or should be passed over.
How Do You Analyze Rocket Companies Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RKT shares are owned by institutional investors to the tune of 66.32% at present.
