With 2.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.36 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $11.325 whereas the lowest price it dropped to was $10.95. The 52-week range on RKT shows that it touched its highest point at $21.38 and its lowest point at $10.87 during that stretch. It currently has a 1-year price target of $14.46. Beta for the stock currently stands at 2.41.
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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 -8.49%, but this was down by -19.21% over a month. Three-month performance dropped to -42.61% while six-month performance fell -19.91%. The stock lost -24.64% in the past year, while it has lost -23.34% so far this year. A look at the trailing 12-month EPS for RKT yields -0.15 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.03. This implies an EPS growth rate of 405.09% for this year and 176.37% for next year.
Float and Shares Shorts:
At present, 144.92 million RKT shares are outstanding with a float of 135.07 million shares on hand for trading. On 2024-11-29, short shares totaled 15.32 million, which was 1051.00006 higher than short shares on 1730332800. 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 0.70913005 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 18.0 and a low target of 11.5, the average target price over the next 12 months is 14.57143. Based on these targets, RKT could surge 62.02% to reach the target high and rise by 3.51% to reach the target low. Reaching the average price target will result in a growth of 31.16% from current levels.
Analysts have provided yearly estimates in a range of $0.23391 being high and $0.2034 being low. For RKT, this leads to a yearly average estimate of $0.21357. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.11.
