Briefing From The Editor -- RKT Stock

By Chris Stiles • Tuesday, January 02 10:00 • Permanent Link

Rocket Companies logged a -1.5% change during today's morning session, and is now trading at a price of $14.27 per share. The S&P 500 index moved -1.0%. RKT's trading volume is 329,132 compared to the stock's average volume of 2,659,146.

Rocket Companies trades 48.63% 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 have given Rocket Companies a rating of hold.

If you are considering an investment in RKT, you'll want to know the following:

Rocket Companies has moved 104.2% over the last year, and the S&P 500 logged a change of 24.7%
Based on its trailing earnings per share of 1.8, Rocket Companies has a trailing 12 month Price to Earnings (P/E) ratio of 7.9 while the S&P 500 average is 15.97
RKT has a forward P/E ratio of 44.6 based on its forward 12 month price to earnings (EPS) of $0.32 per share
The company has a price to earnings growth (PEG) ratio of 4.13 — a number near or below 1 signifying that Rocket Companies is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 3.06 compared to its sector average of 1.58
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, the company has 18,500 full time employees and a market cap of $28.35 Billion.

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.