Small-cap Finance company Rocket Companies has logged a -3.6% change today on a trading volume of 2,539,357. The average volume for the stock is 2,673,711.
Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. Based in Detroit, United States the company has 18,500 full time employees and a market cap of $28,766,167,040.
The company is now trading 50.78% away from its average analyst target price of $9.6 per share. The 13 analysts following the stock have set target prices ranging from $6.0 to $15.0, and on average give Rocket Companies a rating of hold.
Over the last 52 weeks, RKT stock has risen 114.4%, which amounts to a 89.8% difference compared to the S&P 500. The stock's 52 week high is $15.19 whereas its 52 week low is $6.76 per share. With its net margins declining an average -41.8% over the last 4 years, Rocket Companies may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 3,586,255 | -22,495 | -1 | -108.33 |
| 2022 | 5,838,493 | 699,933 | 12 | -74.47 |
| 2021 | 12,914,466 | 6,072,163 | 47 | -21.67 |
| 2020 | 15,650,067 | 9,399,276 | 60 | 233.33 |
| 2019 | 5,069,102 | 897,130 | 18 | 20.0 |
| 2018 | 4,209,564 | 614,860 | 15 |
