Are Things Looking Up For 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. Yahoo Finance discussed the stock recently as it posted Rocket Companies Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Mortgage Finance industry segment. At the end of the last regular session, the stock closed at $14.02 and fluctuated between $14.46 as its day high and $13.97 as its day low. The current market capitalization of Rocket Companies Inc is $1.92B. A total of 1.57 million shares were traded on the day, compared to an average of 2.51M shares.

In the most recent transaction, Rizik Matthew bought 309 shares of RKT for 14.03 per share on Mar 22 ’24. After the transaction, the Director now owns 692,144 company shares. In a previous transaction on Mar 20 ’24, Rizik Matthew bought 203 shares at 12.66 per share. RKT shares that Director owns now total 691,835.

Among the insiders who bought shares, Rizik Matthew acquired of 213 shares on Mar 19 ’24 at a per-share price of $12.17. This resulted in the Director holding 691,632 shares of RKT after the transaction. In another insider transaction, Rizik Matthew bought 356 shares at $12.30 per share on Mar 18 ’24. Company shares held by the Director now total 691,419.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, RKT has a high of $15.19 and a low of $7.17.

As of this writing, RKT has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.01. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $4.60, while its Total Shareholder’s Equity was $9.76B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 2.33.

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