Shares of Finance sector company Rocket moved -1.3% today, and are now trading at a price of $12.63. The Large-Cap stock's daily volume was 1,265,261 compared to its average volume of 13,415,876. The S&P 500 index returned a 1.0% performance.
Rocket Companies, Inc., provides spanning mortgage, real estate, and personal finance services in the United States and Canada. The company is based in Detroit and has 14,200 full time employees. Its market capitalization is $25,099,597,824.
11 analysts are following Rocket and have set target prices ranging from $11.5 to $17.0 per share. On average, they have given the company a rating of hold. At today's prices, RKT is trading -8.9% away from its average analyst target price of $13.86 per share.
Over the last year, RKT shares have gone down by -10.1%, which represents a difference of -21.2% when compared to the S&P 500. The stock's 52 week high is $21.38 per share and its 52 week low is $10.06. Although Rocket's average free cash flow over the last 5 years has been $2.14 Billion, they have been decreasing at an average rate of -19.9%. For this reason, investors may continue to shun the stock.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | -2,629,239 | 67,509 | -2,696,748 | -5494.25 |
| 2023 | 110,329 | 60,336 | 49,993 | -99.53 |
| 2022 | 10,823,495 | 93,124 | 10,730,371 | 40.71 |
| 2021 | 7,743,928 | 118,291 | 7,625,637 | 527.51 |
| 2020 | -1,677,370 | 106,346 | -1,783,716 | -63.9 |
| 2019 | -1,076,854 | 11,462 | -1,088,316 |
