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How to buy Rocket Companies stock | 21.91

Own Rocket Companies stock in just a few minutes.

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Rocket Companies, Inc is a mortgage finance business based in the US. Rocket Companies shares (RKT) are listed on the NYSE and all prices are listed in US Dollars. Rocket Companies employs 20,000 staff and has a trailing 12-month revenue of around USD$10.1 billion.

How to buy shares in Rocket Companies

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Rocket Companies. Find the stock by name or ticker symbol: RKT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Rocket Companies reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$21.91, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Rocket Companies, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Rocket Companies. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Rocket Companies share price

Use our graph to track the performance of RKT stocks over time.

Rocket Companies shares at a glance

Information last updated 2020-10-20.
Latest market closeUSD$21.91
52-week rangeUSD$17.5 - USD$34.423
50-day moving average USD$22.974
200-day moving average USD$23.1013
Wall St. target priceUSD$26.88
PE ratio 11.0427
Dividend yield N/A (0%)
Earnings per share (TTM) USD$2.422

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Rocket Companies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Rocket Companies price performance over time

Historical closes compared with the close of $21.91 from 2020-10-16

1 week (2020-10-19) 5.64%
1 month (2020-09-25) 6.77%
3 months (2020-07-22) N/A
6 months (2020-04-22) N/A
1 year (2019-10-22) N/A
2 years (2018-10-22) N/A
3 years (2017-10-22) N/A
5 years (2015-10-22) N/A

Is Rocket Companies under- or over-valued?

Valuing Rocket Companies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Rocket Companies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Rocket Companies's P/E ratio

Rocket Companies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Rocket Companies shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Rocket Companies's EBITDA

Rocket Companies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$5.2 billion.

The EBITDA is a measure of a Rocket Companies's overall financial performance and is widely used to measure a its profitability.

Rocket Companies financials

Revenue TTM USD$10.1 billion
Operating margin TTM 50.78%
Gross profit TTM USD$5.3 billion
Return on assets TTM 0%
Return on equity TTM 0%
Profit margin 47.46%
Book value N/A
Market capitalisation USD$41.5 billion

TTM: trailing 12 months

Shorting Rocket Companies shares

There are currently 20.1 million Rocket Companies shares held short by investors – that's known as Rocket Companies's "short interest". This figure is 72% up from 11.7 million last month.

There are a few different ways that this level of interest in shorting Rocket Companies shares can be evaluated.

Rocket Companies's "short interest ratio" (SIR)

Rocket Companies's "short interest ratio" (SIR) is the quantity of Rocket Companies shares currently shorted divided by the average quantity of Rocket Companies shares traded daily (recently around 16.4 million). Rocket Companies's SIR currently stands at 1.23. In other words for every 100,000 Rocket Companies shares traded daily on the market, roughly 1230 shares are currently held short.

However Rocket Companies's short interest can also be evaluated against the total number of Rocket Companies shares, or, against the total number of tradable Rocket Companies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Rocket Companies's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Rocket Companies shares in existence, roughly 10 shares are currently held short) or 0.1752% of the tradable shares (for every 100,000 tradable Rocket Companies shares, roughly 175 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Rocket Companies.

Find out more about how you can short Rocket Companies stock.

Rocket Companies share dividends

We're not expecting Rocket Companies to pay a dividend over the next 12 months.

Rocket Companies overview

Rocket Companies, Inc. engages in the mortgage business in the United States. It is involved in originating, processing, underwriting, and servicing predominantly government sponsored enterprises-conforming mortgage loans, as well as Fair Housing Act, U.S. Department of Agriculture, and U.S. Department of Veteran's Affairs mortgage loans. The company offers its mortgage loans in 50 states through the internet, national television, and other marketing channels. It also offers title insurance, property valuation, and settlement services; online marketing and lead generation services; online-based personal loans; and car sales support services to car rental and online car purchasing platforms. The company also operates a digital platform for buying and selling homes; a sales and support platform that offers in inbound and outbound contact center services; and a loan origination platform. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.

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