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Wednesday, September 27, 2023

The Street Is Finally Waking Up To Rocket Companies Inc. (NYSE: RKT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Rocket Companies Inc. (RKT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.38%, to $10.45. The Rocket Companies Inc. has recorded 17,544 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Gilbert Family Foundation Contributes Nearly $375 Million in Partnership with Henry Ford Health to Bring Shirley Ryan AbilityLab to Detroit and Create the Nick Gilbert Neurofibromatosis Research Institute.

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Stocks Info

Rocket Companies Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Mortgage Finance industry. At the end of the last regular session, the stock closed at $10.49 and fluctuated between $10.49 as its day high and $10.15 as its day low. The current market capitalization of Rocket Companies Inc. is $21.06B. A total of 2.29 million shares were traded on the day, compared to an average of 1.98M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RKT has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 69,579 and the disposition of 12,247 shares. Over the last 12 months, there were 154 BUYs and 5 SELLs from insiders. Insiders purchased 3,736,608 shares during that period but sold 172,517.

In the most recent transaction, MARINER JONATHAN D sold 12,500 shares of RKT for 10.32 per share on Aug 24. After the transaction, the Director now owns 55,250 company shares. In a previous transaction on Dec 27, Rizik Matthew bought 2,000 shares at 6.95 per share. RKT shares that Director owns now total 571,502.

Among the insiders who bought shares, Rizik Matthew acquired of 2,900 shares on Dec 23 at a per-share price of $7.30. This resulted in the Director holding 569,502 shares of RKT after the transaction. In another insider transaction, Rizik Matthew bought 3,000 shares at $7.31 per share on Dec 22. Company shares held by the Director now total 566,602.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. RKT’s most recent ex-dividend date was 3/7/2022 when it declared a $1.01 quarterly dividend that was paid in cash on 3/22/2022. Previously, the company paid the dividend on 3/23/2021 with an ex-dividend date of 3/8/2021. The RKT stock dividend was $1.11 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RKT in the last 3 months, the mean price target is $10.15 with high estimates of $12.00 and low estimates of $6.00. In terms of 52-week highs and lows, RKT has a high of $11.94 and a low of $5.97.

As of this writing, RKT has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.06 in the last quarter, which was 33.30% higher than expectations of -$0.09.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $4.66, while its Total Shareholder’s Equity was $9.76B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RKT is Buy with a score of 3.07.

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