With 20.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.8 million shares. The 52-week range on RKT shows that it touched its highest point at $20.23 and its lowest point at $9.52 during that stretch. It currently has a 1-year price target of $13.85. Beta for the stock currently stands at 2.33.
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 -11.97%, but this was down by -12.86% over a month. Three-month performance dropped to -7.77% while six-month performance fell -27.97%. The stock lost -16.02% in the past year, while it has gained 4.27% so far this year. A look at the trailing 12-month EPS for RKT yields -0.03 with Next year EPS estimates of 0.74. For the next quarter, that number is 0.05. This implies an EPS growth rate of 52.86% for this year and 109.56% for next year.
Float and Shares Shorts:
At present, 150.15 million RKT shares are outstanding with a float of 138.00 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 $0.22137 being high and $0.20009 being low. For RKT, this leads to a yearly average estimate of $0.21009. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.12.
