With 2.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.45 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $14.05 whereas the lowest price it dropped to was $13.54. The 52-week range on RKT shows that it touched its highest point at $21.38 and its lowest point at $9.60 during that stretch. It currently has a 1-year price target of $15.58. RKT paid its most recent dividend on 1646611200, while the ex-dividend date for that was 1646611200. Beta for the stock currently stands at 2.38.
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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 -2.20%, but this was down by -14.06% over a month. Three-month performance dropped to -30.49% while six-month performance fell -5.43%. The stock gained 39.74% in the past year, while it has lost -5.04% so far this year. A look at the trailing 12-month EPS for RKT yields -0.15 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.03. This implies an EPS growth rate of 407.83% for this year and 184.20% for next year.
Float and Shares Shorts:
At present, 144.92 million RKT shares are outstanding with a float of 134.67 million shares on hand for trading. On 2024-11-15, short shares totaled 16.11 million, which was 1105.0 higher than short shares on 1728950400. 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 0.70935994 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 10 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RKT analysts setting a high price target of 19.0 and a low target of 12.5, the average target price over the next 12 months is 15.60714. Based on these targets, RKT could surge 38.18% to reach the target high and fall by -9.09% to reach the target low. Reaching the average price target will result in a growth of 13.51% from current levels.
Analysts have provided yearly estimates in a range of $0.236 being high and $0.20522 being low. For RKT, this leads to a yearly average estimate of $0.21548. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.08.
