While Rocket Companies Inc has underperformed by -0.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RKT fell by -4.72%, with highs and lows ranging from $21.38 to $10.06, whereas the simple moving average fell by -21.12% in the last 200 days.
On January 10, 2025, UBS Upgraded Rocket Companies Inc (NYSE: RKT) to Neutral. A report published by Keefe Bruyette on December 10, 2024, Downgraded its rating to ‘Underperform’ for RKT. BofA Securities also Upgraded RKT shares as ‘Neutral’, setting a target price of $15 on the company’s shares in a report dated November 15, 2024. Morgan Stanley Initiated an Equal-Weight rating on November 05, 2024, and assigned a price target of $18. Keefe Bruyette August 05, 2024d its ‘Underperform’ rating to ‘Mkt Perform’ for RKT, as published in its report on August 05, 2024. Citigroup’s report from January 16, 2024 suggests a price prediction of $10 for RKT shares, giving the stock a ‘Sell’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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.
In order to gain a clear picture of Rocket Companies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 3.34M can be a very valuable indicator of volatility for RKT stock. On a monthly basis, the volatility of the stock is set at 3.98%, whereas on a weekly basis, it is put at 2.94%, with a gain of 2.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing growth from the present price of $11.90, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 66.33% 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 66.33% at present.
