Rocket Stock Analysis

RKT -  USA Stock  

USD 20.01  0.32  1.63%

Rocket Companies price drop over the last few months created some momentum for private investors as it was traded today as low as 19.41 and as high as 20.17 per share. The company executives were not very successful in positioning the company resources to exploit market volatility in May. However, diversifying your holdings with Rocket Companies or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.12. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the Rocket Companies partners.
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The Rocket Companies stock analysis report makes it easy to digest most publicly released information about Rocket Companies and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Rocket stock analysis module also helps to analyze the Rocket Companies price relationship with some important fundamental indicators such as market cap and management efficiency.

Rocket Stock Analysis Notes

About 63.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.95. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Rocket Companies has Price/Earnings To Growth (PEG) ratio of 0.24. The entity next dividend is scheduled to be issued on the 8th of March 2021. The firm had 2:1 split on the August 28, 2014. Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc. Rocket Companies operates under Mortgage Finance classification in the United States and is traded on New York Stock Exchange. It employs 24000 people. To find out more about Rocket Companies contact Jay Farner at 313 373 7990 or learn more at http://www.rocketcompanies.com.

Rocket Companies Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Rocket Companies' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Rocket Companies or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Rocket Companies generates negative expected return over the last 90 days
Rocket Companies has high historical volatility and very poor performance
Rocket Companies has about 3.87 B in cash with (1.68 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 33.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 63.0% of the company shares are owned by institutional investors
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Rocket Companies Upcoming and Recent Events

Earnings reports are used by Rocket Companies to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Rocket Companies previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report29th of July 2015
Next Earnings Report2nd of November 2015
Next Fiscal Quarter End30th of June 2015
Next Fiscal Year End2nd of November 2015
Last Quarter Report31st of March 2015
Last Earning Announcement30th of June 2014

Rocket Largest EPS Surprises

Earnings surprises can significantly impact Rocket Companies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-11-10
2020-09-301.08561.210.124411 
2021-02-25
2020-12-310.87751.140.262529 
View All Earnings Estimates

Rocket Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 41.02 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rocket Companies's market, we take the total number of its shares issued and multiply it by Rocket Companies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Rocket Profitablity

Rocket Companies' profitability indicators refer to fundamental financial ratios that showcase Rocket Companies' ability to generate income relative to its revenue or operating costs. If, let's say, Rocket Companies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Rocket Companies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Rocket Companies' profitability requires more research than a typical breakdown of Rocket Companies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 1.24 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 62.35 %, which entails that for every 100 dollars of revenue, it generated 0.62 of operating income.

Management Efficiency

The entity has Return on Asset of 21.6 % which means that on every $100 spent on asset, it made $21.6 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 164.93 %, implying that it generated $164.93 on every 100 dollars invested. Rocket Companies management efficiency ratios could be used to measure how well rocket companies manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 17th of June 2021, Rocket Companies holds the coefficient of variation of (2,235), and Risk Adjusted Performance of (0.020618). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rocket Companies, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Rocket Companies, which can be compared to its competitors. Please check Rocket Companies mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Rocket Companies is priced some-what accurately, providing market reflects its current price of 20.01 per share. Given that Rocket Companies has jensen alpha of (0.19), we recommend you to check out Rocket Companies's recent market performance to make sure the company can sustain itself at a future point.

Rocket Companies Price Movement Analysis

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Rocket Companies Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Rocket Companies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Rocket Companies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Rocket Companies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Rocket Companies Outstanding Bonds

Rocket Companies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Rocket Companies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Rocket bonds can be classified according to their maturity, which is the date when Rocket Companies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
MaturityCouponRating
772739AJ7 4.45%03/01/20194.45
BBB
772739AL2 4.9%03/01/20224.9
BBB
772739AP3 3.5%03/01/20203.5
BBB
772739AQ1 4.0%03/01/20234.0
BBB

Rocket Companies Predictive Daily Indicators

Rocket Companies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Rocket Companies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Rocket Companies Forecast Models

Rocket Companies time-series forecasting models is one of many Rocket Companies' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Rocket Companies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Rocket Companies Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Rocket Companies stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Rocket shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Rocket Companies. By using and applying Rocket Stock analysis, traders can create a robust methodology for identifying Rocket entry and exit points for their positions.
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc. Rocket Companies operates under Mortgage Finance classification in the United States and is traded on New York Stock Exchange. It employs 24000 people.

Current Rocket Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Rocket analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Rocket analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
70.5Buy10Odds
Rocket Companies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Rocket analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Rocket stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Rocket Companies, talking to its executives and customers, or listening to Rocket conference calls.
Rocket Analyst Advice Details

Rocket Stock Analysis Indicators

Rocket Companies stock analysis indicators help investors evaluate how Rocket Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Rocket Companies shares will generate the highest return on investment. By understating and applying Rocket Companies stock analysis, traders can identify Rocket Companies position entry and exit signals to maximize returns.
Quick Ratio0.39
Fifty Two Week Low16.22
Revenue Growth142.40%
Shares Short Prior Month21.45M
Average Daily Volume Last 10 Day12.16M
Average Daily Volume In Three Month11.2M
Shares Percent Shares Out0.50%
Gross Margins100.00%
Short Percent Of Float7.40%
Forward Price Earnings13.08
Float Shares106.69M
Fifty Two Week High43.00
Enterprise Value To Ebitda3.36
Fifty Day Average19.40
Two Hundred Day Average21.35
Enterprise Value To Revenue2.11
Additionally, take a look at Your Equity Center. Note that the Rocket Companies information on this page should be used as a complementary analysis to other Rocket Companies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Rocket Companies stock analysis, check to measure Rocket Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocket Companies is operating at the current time. Most of Rocket Companies' stock examination focuses on studying past and present price action to predict the probability of Rocket Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Rocket Companies' price. Additionally, you may evaluate how the addition of Rocket Companies to your portfolios can decrease your overall portfolio volatility.
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The market value of Rocket Companies is measured differently than its book value, which is the value of Rocket that is recorded on the company's balance sheet. Investors also form their own opinion of Rocket Companies stock's value that differs from its market value or its book value, called intrinsic value, which is Rocket Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rocket Companies' market value can be influenced by many factors that don't directly affect Rocket Companies underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocket Companies' stock value and its price as these two are different measures arrived at by different means. Investors typically determine Rocket Companies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocket Companies' stock price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.