Rocket Stock – A Brief Analysis

By Blake Campbell • Friday, May 16 15:15 • Permanent Link

Shares of Diversified Financial company Rocket jumped 4.6% today. With many investors piling into RKT without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

Rocket has moved -9.6% over the last year, and the S&P 500 logged a change of 11.6%
RKT has an average analyst rating of hold and is -3.03% away from its mean target price of $13.77 per share
Its trailing earnings per share (EPS) is $0.02
Rocket has a trailing 12 month Price to Earnings (P/E) ratio of 667.8 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $0.66 and its forward P/E ratio is 20.2
The company has a Price to Book (P/B) ratio of 3.43 in contrast to the S&P 500's average ratio of 4.74
Rocket is part of the Finance sector, which has an average P/E ratio of 15.92 and an average P/B of 1.78
The company has a free cash flow of $-1391270656, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Rocket Companies, Inc., provides spanning mortgage, real estate, and personal finance services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Rocket Close, an appraisal management, settlement, and title service; Rocket Homes, a home search platform and real estate agent referral network that provides technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business. It also provides Rocket Money that provides financial wellness services, including subscription cancellation, budget management, and credit score; and Lendesk, a software service that provides a point of sale system for mortgage professionals and a loan origination system for private lenders. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.

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.