With 6.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.31 million shares. The 52-week range on RKT shows that it touched its highest point at $21.38 and its lowest point at $10.06 during that stretch. It currently has a 1-year price target of $12.29. Beta for the stock currently stands at 2.40.
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 up-trending over the past week, with a rise of 7.33%, but this was up by 9.50% over a month. The stock gained 17.07% in the past year, while it has gained 24.87% so far this year. A look at the trailing 12-month EPS for RKT yields 0.17 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.05. This implies an EPS growth rate of 107.42% for this year and 64.55% for next year.
Float and Shares Shorts:
At present, 145.84 million RKT shares are outstanding with a float of 135.08 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.22104 being high and $0.20009 being low. For RKT, this leads to a yearly average estimate of $0.21009.
Summary of Insider Activity:
Insiders traded RKT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
