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Analysis
Rocket Companies, Inc. (RKT)
Rocket Companies, Inc. (RKT)
Ranking:
Sell
Implies negative momentum
Stock Name: Rocket Companies, Inc.
Symbol: RKT
Market Cap: $27.06B
Industry: Financial - Mortgages
Sector: Financial Services
Website: https://www.rocketcompanies.com
About Rocket Companies, Inc.

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business Please visit their website for more information.

Overview:
Last Close: $13.6
52 Week: $8.93-$20.81
MVA50: 16.78
MVA200: 15.38
RSI: 24.33
Buy/Sell*: 6.50
1-Month change: -28.75%
3-Month change: -5.37%
*Proprietary Buy Sell Volume Indicator
Price Chart For RKT
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $647M
Revenue Growth (YOY): -44.46%
Profit (% of Rev): 100.00%
Income (% of Rev): -79.33%
Income Growth (YOY): -8369.64%
Operating Income: $225M
Operating Cash Flow: $-1337M
Operating Cash Flow Growth (YoY): -507.26%
Annual Dividend Yield: 0.61%
Total Assets: $25.12B
Total Liabilities: $16.77B
Cash & Equivalent: $1.23B
Total Debt: $366M
Debt/Equity: 0.04
Quick Ratio: 2.26
Current Ratio: 2.26
Price/Book: 0.33
Price/Earnings: -1.33
EBITDA: $-571M
EPS: -3.62
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Sell.

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