Rocket Companies, Inc. (RKT) Stock

About Rocket Companies, Inc.

Rocket Companies, Inc. is a leading enterprise focused on leveraging technology across the real estate, mortgage, and e-commerce industries, with operations spanning the United States and Canada. The firm organizes its activities into two principal divisions: direct engagement with consumers and a collaborative partner network. Its extensive suite of solutions encompasses: Rocket Mortgage: A primary provider of mortgage lending services. Amrock: Offering vital services such as title insurance, property valuation, and transaction settlement. Rocket Homes: A comprehensive platform for home searching and a referral network connecting clients with real estate agents, employing technology to simplify the home buying and selling journey. Rocket Auto: An online marketplace for automotive retail that facilitates centralized and virtual support for car purchases. Rocket Loans: A service specializing in online personal loans. Core Digital Media: A digital advertising agency prominent in the mortgage, insurance, and education sectors. Rocket Solar: Connecting homeowners to digital financing options for solar energy installations through expert advisors. Truebill: A personal finance application designed to help users manage various aspects of their financial lives. Lendesk: A technology services company providing point-of-sale systems for mortgage professionals and loan origination software for private lenders. Edison Financial: A digital mortgage brokerage. Beyond these specific brands, Rocket Companies also undertakes the initiation, finalization, sale, and servicing of agency-conforming loans. Established in 1985, the company maintains its headquarters in Detroit, Michigan, and operates as a subsidiary of Rock Holdings, Inc.

Rocket Companies, Inc. is led by CEO Varun Krishna, employs 23,500 people, headquartered in Detroit, US, publicly traded since 2020.

Rocket Companies, Inc. (RKT) stock trades at $13.90 with a market capitalization of $39.24B. The stock is valued at a price-to-earnings (P/E) ratio of 13.54, price-to-book of 1.82, price-to-sales of 4.45. Over the past 52 weeks the stock has ranged between $12.17 and $24.36, and currently trades 42.9% below its 52-week high.

On profitability, Rocket Companies, Inc. generates a return on equity (ROE) of 1.73%, return on capital employed of 2.62%, an operating margin of 8.72%, a net profit margin of 2.82%.

In its most recent fiscal year, Rocket Companies, Inc. reported annual revenue of $6.9B, net profit of $-68.0M, revenue has compounded at -15.4% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 1.36, a current ratio of 16.62, total assets of $60.7B, $2.7B in cash and equivalents.

RKT has an average daily trading volume of 29,868,352 shares, a beta of 2.20 (more volatile than the overall market).

Official website: www.rocketcompanies.com