Rocket Stock Analysis

RKT
 Stock
  

USD 9.95  0.32  3.32%   

The newest gain in Rocket Companies short term price appreciation created some momentum for private investors as it was traded today as low as 8.83 and as high as 10.21 per share. The company executives have successfully maneuvered the company at convenient times to take advantage of all market conditions in July. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.51. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Rocket Companies partners.
Additionally, take a look at Your Equity Center.
  
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 68.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.94. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Rocket Companies next dividend is scheduled to be issued on the 7th of March 2022. The entity had 2:1 split on the August 28, 2014. Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. Rocket Companies, Inc. operates as 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 26000 people. To find out more about Rocket Companies contact Robert Walters at 313 373 7990 or learn more at https://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 has very high historical volatility over the last 90 days
About 68.0% of the company shares are owned by institutional investors
Latest headline from www.marketscreener.com: ROCKET COMPANIES, INC. Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com

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 Financial 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 Financial 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
2022-05-10
2022-03-310.190.15-0.0421 
2022-08-04
2022-06-300.02-0.03-0.05250 
2022-02-24
2021-12-310.370.32-0.0513 
View All Earnings Estimates

Rocket Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 19.77 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 2.11 %, 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 considered to be average in the sector. In the same way, it shows Net Operating Margin of 43.91 %, which entails that for every 100 dollars of revenue, it generated 0.44 of operating income.

Management Efficiency

The entity has Return on Asset of 10.15 % which means that on every $100 spent on asset, it made $10.15 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 50.94 %, implying that it generated $50.94 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 10th of August, Rocket Companies holds the Risk Adjusted Performance of 0.0783, coefficient of variation of 1747.88, and Semi Deviation of 3.74. 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 9.95 per share. Given that Rocket Companies has jensen alpha of 0.2234, 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

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Rocket Companies middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Rocket Companies. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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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 Technical and Predictive Indicators

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 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 e-Commerce businesses in the United States and Canada. Rocket Companies, Inc. operates as 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 26000 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 Ratio1.24
Fifty Two Week Low6.27
Revenue Growth-41.10%
Average Daily Volume Last 10 Day2.79M
Shares Short Prior Month32.42M
Average Daily Volume In Three Month3.81M
Earnings Growth-62.10%
Shares Percent Shares Out28.35%
Earnings Quarterly Growth-56.60%
Gross Margins100.00%
Forward Price Earnings12.92
Short Percent Of Float28.60%
Float Shares106.26M
Fifty Two Week High19.55
Fifty Day Average8.52
Enterprise Value To Ebitda4.23
Two Hundred Day Average11.77
Enterprise Value To Revenue1.86
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Rocket Companies price 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' value 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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Is Rocket Companies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rocket Companies. If investors know Rocket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rocket Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.62
Market Capitalization
19.1 B
Quarterly Revenue Growth YOY
-0.47
Return On Assets
0.0798
Return On Equity
0.4
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' 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 a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocket Companies' 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' 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.