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Rocket Companies Inc (RKT) is a leading mortgage finance business based in the US. It opened the day at $19.10 after a previous close of $19.17. During the day the price has varied from a low of $18.71 to a high of $19.32. The latest price was $19.03 (25 minute delay). Rocket Companies is listed on the NYSE and employs 26,000 staff. All prices are listed in US Dollars.
|52-week range||$16.22 - $37.72|
|50-day moving average||$17.46|
|200-day moving average||$20.05|
|Wall St. target price||$19.23|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$2.81|
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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.
|1 week (2021-09-17)||13.41%|
|1 month (2021-08-24)||5.55%|
|3 months (2021-06-24)||-5.51%|
|6 months (2021-03-24)||-15.50%|
|1 year (2020-09-24)||-5.13%|
|2 years (2019-09-20)||N/A|
|3 years (2018-09-20)||N/A|
|5 years (2016-09-20)||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 6x. In other words, Rocket Companies shares trade at around 6x 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 $10.4 billion.
The EBITDA is a measure of a Rocket Companies's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$16.9 billion|
|Operating margin TTM||61.2%|
|Gross profit TTM||$16 billion|
|Return on assets TTM||20.02%|
|Return on equity TTM||140.65%|
|Market capitalisation||$2.3 billion|
TTM: trailing 12 months
There are currently 11.1 million Rocket Companies shares held short by investors – that's known as Rocket Companies's "short interest". This figure is 25.7% down from 15.0 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) is the quantity of Rocket Companies shares currently shorted divided by the average quantity of Rocket Companies shares traded daily (recently around 5.6 million). Rocket Companies's SIR currently stands at 1.97. In other words for every 100,000 Rocket Companies shares traded daily on the market, roughly 1970 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 0.08% of the outstanding shares (for every 100,000 Rocket Companies shares in existence, roughly 80 shares are currently held short) or 0.0867% of the tradable shares (for every 100,000 tradable Rocket Companies shares, roughly 87 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.
Dividend payout ratio: 30% of net profits
Recently Rocket Companies has paid out, on average, around 30% 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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