With 3.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.39 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $19.35 whereas the lowest price it dropped to was $18.67. The 52-week range on RKT shows that it touched its highest point at $21.38 and its lowest point at $7.17 during that stretch. It currently has a 1-year price target of $15.50. Beta for the stock currently stands at 2.45.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RKT was down-trending over the past week, with a drop of -5.94%, but this was down by -2.94% over a month. Three-month performance surged to 35.89% while six-month performance rose 35.60%. The stock gained 126.21% in the past year, while it has gained 32.32% so far this year. A look at the trailing 12-month EPS for RKT yields 0.08 with Next year EPS estimates of 0.60. For the next quarter, that number is 0.09. This implies an EPS growth rate of 515.43% for this year and 106.89% for next year.
Float and Shares Shorts:
At present, 135.81 million RKT shares are outstanding with a float of 121.27 million shares on hand for trading. On 2024-08-30, short shares totaled 15.81 million, which was 1125.0 higher than short shares on 1722384000. In addition to Mr. Daniel B. Gilbert as the firm’s Founder & Chairman of the Board, Mr. Varun Krishna serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.73330003 of RKT’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RKT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
