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Rocket Companies Inc (RKT) is a leading mortgage finance business based in the US. It opened the day at $15.49 after a previous close of $15.74. During the day the price has varied from a low of $15.44 to a high of $15.97. The latest price was $15.69 (25 minute delay). Rocket Companies is listed on the NYSE and employs 26,000 staff. All prices are listed in US Dollars.
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| Open | $15.49 |
|---|---|
| High | $15.97 |
| Low | $15.44 |
| Close | $15.69 |
| Previous close | $15.74 |
| Change | $-0.05 |
| Change % | -0.3177% |
| Volume | 2,967,350 |
| 52-week range | $13.09 - $41.10 |
|---|---|
| 50-day moving average | $15.44 |
| 200-day moving average | $17.66 |
| Wall St. target price | $17.36 |
| PE ratio | 4.4305 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $3.03 |
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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.
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.
It all depends on your style of investing, your timeframe and your thesis on the property market and the Feds next interest rate move.
If you believe the property market will continue its strong growth and rates will remain low for longer, then a stock like Rocket could have a lot of potential for an investor.
The current stock price could also appeal to long-term investors. Assuming the company is just facing short-term issues that it can see through, investors could take advantage of the lower share price.
However, if you believe the property market will slow down or the Federal Reserve will lift rates in the near future, the company will have some short-term headwinds, making it a less-attractive prospect for investors.
Historical closes compared with the close of $15.69 from 2022-01-21
| 1 week (2022-01-14) | 16.92% |
|---|---|
| 1 month (2021-12-22) | 3.77% |
| 3 months (2021-10-22) | -4.97% |
| 6 months (2021-07-22) | -10.95% |
| 1 year (2021-01-22) | -21.75% |
|---|---|
| 2 years (2020-01-18) | N/A |
| 3 years (2019-01-18) | N/A |
| 5 years (2017-01-18) | N/A |
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 4x. In other words, Rocket Companies shares trade at around 4x 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 (earnings before interest, taxes, depreciation and amortisation) is $8.8 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 is a tech-driven real estate, mortgage and e-commerce business that operates in the United States and Canada.
Formerly known as Quicken Loans, the company provides industry-leading real estate, mortgage and financial services.
Founded by Dan Gilbert, Rocket Mortgage has grown to become the largest mortgage lender in the United States.
Regardless of global changes, consumers will still need a place to live, and they will still need to transact in the property market.
One of the leaders in this space is Rocket Companies. It is a mortgage finance company with a successful history of innovation, growth and cash generation. Rocket has several competitive advantages, including its technology focus and marketing platforms.
Rocket went public last year during record low interest rates, which led to record revenues, margins and profits. While rising interest rates and cooling property markets are a concern, the market has already priced these risks in with the company trading on just a 5.4 P/E ratio.
Rocket is a great example of time arbitrage, buying low and holding long-term.
Despite efforts to diversify, the company is still largely a mortgage business. As such, it has two main risks in the current environment:
The key risks vary depending on your view of the property market. If you believe the demand for mortgages could fall with rising interest rates, then this could have an impact on the company’s bottom line.
However, if you believe the housing market will continue its growth or if you think the Fed continues its “lower for longer” approach, these key risks could be avoided.
| Revenue TTM | $15.4 billion |
|---|---|
| Operating margin TTM | 56.54% |
| Gross profit TTM | $16 billion |
| Return on assets TTM | 14.77% |
| Return on equity TTM | 10.35% |
| Profit margin | 2.6% |
| Book value | $5.13 |
| Market capitalisation | $26.7 billion |
TTM: trailing 12 months
Dividend payout ratio: 36.27% of net profits
Recently Rocket Companies has paid out, on average, around 36.27% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Rocket Companies shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Rocket Companies's case, that would currently equate to about $N/A per share.
While Rocket Companies's payout ratio might seem fairly standard, it's worth remembering that Rocket Companies may be investing much of the rest of its net profits in future growth.
Rocket Companies's most recent dividend payout was on 22 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 March 2021 (the "ex-dividend date").
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc.
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