How Profitable is Rocket Companies?

By Chris Stiles • Friday, November 18 14:20 • Permanent Link

Small-cap Financial Services company Rocket Companies has logged a -0.7% change today on a trading volume of 1,627,559. The average volume for the stock is 3,442,992.

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. Based in Detroit, United States the company has 26,000 full time employees and a market cap of $14,924,622,848.

The company is now trading 6.52% away from its average analyst target price of $7.05 per share. The 14 analysts following the stock have set target prices ranging from $4.5 to $9.5, and on average give Rocket Companies a rating of hold.

Over the last year, RKT shares have gone down by -51.0%, which represents a difference of -35.0% when compared to the S&P 500. The stock's 52 week high is $16.65 per share and its 52 week low is $5.97. Based on Rocket Companies's average operating margin growth of 57.7% over the last four years, its core business remains strong and the stock price may recover in the long term. If you would like a free fundamental analysis of Rocket Companies and other stocks that interest you, subscribe to our free newsletter!

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.