Should you buy the stock or sell it now? The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Its Value Score of C indicates it would be a neutral pick for value investors. It's used by investors as a measure of financial health. That means these items are added back into the net income to produce this earnings number. The Current Ratio is defined as current assets divided by current liabilities. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Rocket Companies Stock (RKT): Should I Buy It Now? The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. Zacks Sector Rank Education -- Learn more about the Zacks Sector Rank. The PEG ratio is the P/E ratio divided by its growth rate. Many other growth items are considered as well. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or … The stock price of Rocket Companies, Inc. (NYSE: RKT) jumped 8.83% on Friday and it increased over 38% since August 13. The app utilizes algorithms to enable people to apply for a mortgage, upload documents, e-sign documents, complete monthly payments, and review statements. Get the hottest stocks … Their average twelve-month price target is $26.21, predicting that the stock has a possible upside of 29.65%. If a company's expenses are growing faster than their sales, this will reduce their margins. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. A ratio of 1 means a company's assets are equal to its liabilities. Find the latest Rocket Companies, Inc. (RKT) stock quote, history, news and other vital information to help you with your stock trading and investing. According to present data Rocket Companies Inc Class A's RKT … And Rocket Loans is the company’s personal loan service that utilizes algorithms to approve borrowers quicker. Rocket Companies Inc.is based in DETROIT. The upside potential (average analyst target price relative to current price) of RKT is higher than 88.17% of Banking stocks. The 52 week price change is a good reference point. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Projected EPS Growth looks at the estimated growth rate for one year. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). We use cookies to understand how you use our site and to improve your experience. That does not mean that all companies with large growth rates will have a favorable Growth Score. Zacks Sector Rank Education - Learn more about the Zacks Sector Rank. Macroaxis provides Rocket Companies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RKT positions. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.77% per year. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Zacks Rank Education -- Learn more about the Zacks Rank Another reason why Rocket Companies is a strong buy is due to the company announcing that it achieved record origination volume and profitability as part of its preliminary second quarter results. Learn about RKT (XNYS) with our data and independent analysis including price, star rating, valuation, dividends, and financials. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. The Daily Price Change displays the day's percentage price change using the most recently completed close. The Price to Sales ratio or P/S is calculated as price divided by sales. Gilbert founded Rocket Companies (under the name Rock Financial) in 1985. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The stock price of Rocket Companies, Inc. (NYSE: RKT) jumped 8.83% on Friday and it increased over 38% since August 13. It looks like a real bargain, one that would even be worth buying if the market has tough times ahead of it. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Specifically, 15 analysts have assigned RKT a recommendation rating as follows: 8 rate it as a Hold; 6 advise Buy while none analyst(s) assign an Outperform rating. Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock … As of this writing, Rocket stock trades for a meager 9.4 times trailing-12-month earnings. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors. A value greater than 1, in general, is not as good (overvalued to its growth rate). The financial health and growth prospects of RKT, demonstrate its potential to underperform the market. And now Dan Gilbert has a net worth of $53.5 billion and is now the 20th richest person after surpassing Mexican telecommunications entrepreneur Carlos Slim Helú. See the Full List of Stocks To Beat Earnings. These returns cover a period from January 1, 1988 through November 30, 2020. None analyst(s) have tagged the Rocket Companies, Inc. (RKT) stock as Underperform, with 1 recommending Sell. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 15 Wall Street analysts have issued ratings and price targets for Rocket Companies in the last 12 months. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. And Rocket Homes enables potential borrowers to look for homes and connect with real estate agents. During the third quarter, Rocket originated $89 billion in mortgage volume, which was an increase of 122% on a year-over-year basis. Cash flow itself is an important item on the income statement. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Rocket Cos. Inc. historial options data by MarketWatch. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. This measure is expressed as a percentage. This includes personalizing content and advertising. Here is some information to help you decide. Rocket Companies, Inc. (NYSE: RKT) Stock: Buy Or Sell? There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, … Here is some information to help you decide. I wrote this article myself and I do not have any business relationship with any company whose stock I write about. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. This is a medium-term price change metric. It is essentially the inverse of the P/E ratio. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The sector with the worst average Zacks Rank (16 out of 16) would place in the bottom 1%. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Value Style - Learn more about the Value Style. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). See rankings and related performance below. Rocket Companies (RKT) went public on Thursday. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. The respective items are ranked and graded into five groups: A, B, C, D and F. An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. ZacksTrade and Zacks.com are separate companies. Seeing a stock's EPS change over 1 week is important. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock … Disclosure: I own a small number of Rocket Companies, Inc. (NYSE: RKT) shares. All of those stocks are classified into three groups: Sector, M Industry and X Industry. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. And management will host a conference call to discuss results at 4:30pm ET. But note, different industries have different margin rates that are considered good. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. It is used to help gauge a company's financial health. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Rackspace Technology Inc. stock price ended on $19.69 on Friday after gaining 3.04% (Updated on January 08, 2021) Buy or Hold candidate since 2020-11-27 Gain 11.24% PDF . Stockchase rating for Rocket Companies, Inc. is calculated according to the stock experts' signals. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. RKT has a lower variance in analysts' estimates than 4.98% of Financial Services stocks. After the P/E ratio, it's one of the most common valuation metrics. Find the stock by name or ticker symbol: RKT. And now Dan Gilbert has a net worth of $53.5 billion and is now the 20th richest person after surpassing Mexican telecommunications entrepreneur Carlos Slim Helú. This longer-term historical perspective lets the user see how a company has grown over time. The technique has proven to be very useful for finding positive surprises. A P/B of 1 means it's selling at its per share book value. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. 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