One of the losers of today's trading session was Rocket. Shares of the Diversified financial company plunged -2.3%, and some investors may be wondering if its price of $14.24 would make a good entry point. Here's what you should know if you are considering this investment:
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Rocket has moved 2.2% over the last year, and the S&P 500 logged a change of 12.8%
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RKT has an average analyst rating of hold and is 0.09% away from its mean target price of $14.23 per share
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Its trailing earnings per share (EPS) is $0.02
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Rocket has a trailing 12 month Price to Earnings (P/E) ratio of 712.0 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $0.66 and its forward P/E ratio is 21.6
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The company has a Price to Book (P/B) ratio of 3.66 in contrast to the S&P 500's average ratio of 4.74
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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
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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
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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.