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Rocket Companies (RKT)
NYSE:RKT
Rocket Companies (RKT) Stock Price & Analysis
2,674 Followers
RKT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.17 - $15.60
Previous Close$14.12
Volume1.96M
Average Volume (3M)2.62M
Market Cap
$28.08B
Enterprise Value$46.74B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$10.71B
Price to Earnings (P/E)116.0
Beta2.32
Next Earnings
Aug 01, 2024EPS Estimate
$0.05Last Dividend Ex-Date
Mar 07, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)0.12
Shares Outstanding1,988,355,723
10 Day Avg. Volume3,285,477
30 Day Avg. Volume2,621,153
Standard Deviation0.17
R-Squared0.50
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-55.25
Price to Sales (P/S)3.14
Price to Cash Flow (P/CF)-2.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.50
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$11.70Price Target Upside-17.14% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering12
Rocket Companies News
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceRocket Companies reported adjusted earnings per share that exceeded market estimates, highlighting their financial strength.
Market Share GrowthRocket Companies is gaining ground on competitors, capturing more of the mortgage market, which signifies increasing consumer trust and business expansion.
Technological AdvancementsThe company's investment in artificial intelligence is streamlining operations, potentially setting Rocket Companies apart in the competitive mortgage industry.
Bears Say
Company ValuationRocket Companies shares are currently trading at a high valuation given the challenging mortgage market backdrop, cyclicality, and uncertain earnings outlook.
Earnings ForecastLowering 2024e/25e EPS by 14c/19c to $0.33/$0.60 on lower originations.
Market ConditionsThe spring purchasing season has had the lowest purchase application volumes in 30 years.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
RKT FAQ
What was Rocket Companies’s price range in the past 12 months?
Rocket Companies lowest stock price was $7.17 and its highest was $15.60 in the past 12 months.
What is Rocket Companies’s market cap?
Currently, no data Available
When is Rocket Companies’s upcoming earnings report date?
Rocket Companies’s upcoming earnings report date is Aug 01, 2024 which is in 75 days.
How were Rocket Companies’s earnings last quarter?
Rocket Companies released its earnings results on May 02, 2024. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.006 by $0.034.
Is Rocket Companies overvalued?
According to Wall Street analysts Rocket Companies’s price is currently Overvalued.
Does Rocket Companies pay dividends?
Rocket Companies pays a Annually dividend of $1.01 which represents an annual dividend yield of N/A. See more information on Rocket Companies dividends here
What is Rocket Companies’s EPS estimate?
Rocket Companies’s EPS estimate is $0.05.
How many shares outstanding does Rocket Companies have?
Rocket Companies has 139,476,240 shares outstanding.
What happened to Rocket Companies’s price movement after its last earnings report?
Rocket Companies reported an EPS of $0.04 in its last earnings report, beating expectations of $0.006. Following the earnings report the stock price went up 4.478%.
Which hedge fund is a major shareholder of Rocket Companies?
Among the largest hedge funds holding Rocket Companies’s share is Davis Selected Advisers. It holds Rocket Companies’s shares valued at 47M.
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Rocket Companies Stock Smart Score
Neutral
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Analyst Consensus
Moderate Sell
Average Price Target:
$11.70 (-17.14% Downside)
$11.70 (-17.14% Downside)
Blogger Sentiment
Bullish
RKT Sentiment 69%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 35.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $140.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days <0.1%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
73.03%
12-Months-Change
Fundamentals
Return on Equity
3.13%
Trailing 12-Months
Asset Growth
4.80%
Trailing 12-Months
Company Description
Rocket Companies
Rocket Companies, Inc. is a personal finance company which helps its clients achieve the American dream of home ownership and financial freedom. Its flagship company, Rocket Mortgage, is the nation’s largest mortgage lender. The company’s other personal finance and consumer service brands include Rocket Homes, Rocket Loans, Rocket Auto, Amrock, Core Digital Media, Rock Connections, Rock Central, Lendesk and Edison Financial.
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RKT Company Deck
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RKT Earnings Call
Q1 2024
0:00 / 0:00
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RKT Stock 12 Month Forecast
Average Price Target
$11.70
▼(-17.14% Downside)
Technical Analysis
First American Financial
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Fidelity National Financial
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Federal National Mortgage Association
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Ocwen Financial
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Best Analysts Covering RKT
1 Year
1 Year Success Rate
3/9 ratings generated profit
1 Year Average Return
-2.27%
reiterated a sell rating 13 days ago
Copying Bose George's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -2.27% per trade.
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