How to buy Rocket Companies shares | RKT historical share price and analysis

How to buy Rocket Companies shares

Own Rocket Companies shares in just a few minutes.

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Rocket Companies, Inc (RKT) is a leading mortgage finance business with stocks listed in the US. It opened the day at US$24.05 after a previous close of US$23.8. During the day the price has varied from a low of USD23.17 to a high of USD24.535. The latest price was USD23.2 (25 minute delay). Rocket Companies is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in Rocket Companies

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Rocket Companies. Find the share by name or ticker symbol: RKT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Rocket Companies reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$19.9, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Rocket Companies, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Rocket Companies. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Rocket Companies share price

Use our graph to track the performance of RKT stocks over time.

Rocket Companies shares at a glance

Information last updated 2021-03-30.
OpenUS$24.05
HighUS$24.535
LowUS$23.17
CloseUS$23.2
Previous closeUS$23.8
Change US$-0.6
Change % -2.521%
Volume 12,510,257
Information last updated 2021-04-16.
52-week rangeUS$16.7261 - US$37.7245
50-day moving average US$24.2365
200-day moving average US$21.7385
Target priceUS$25.08
PE ratio 484.0311
Dividend yield N/A (0%)
Earnings per share (TTM) US$2.422

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Rocket Companies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Rocket Companies price performance over time

Historical closes compared with the last close of $23.2

1 month (2021-03-19) 0.56%

Is Rocket Companies under- or over-valued?

Valuing Rocket Companies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Rocket Companies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Rocket Companies's P/E ratio

Rocket Companies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 484x. In other words, Rocket Companies shares trade at around 484x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Rocket Companies's EBITDA

Rocket Companies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$10 billion (£7.2 billion).

The EBITDA is a measure of a Rocket Companies's overall financial performance and is widely used to measure a its profitability.

Rocket Companies financials

Revenue TTM US$16 billion
Operating margin TTM 62.35%
Gross profit TTM US$16 billion
Return on assets TTM 21.6%
Return on equity TTM 164.93%
Profit margin 1.24%
Book value N/A
Market capitalisation US$45.2 billion

TTM: trailing 12 months

Shorting Rocket Companies shares

There are currently 9.7 million Rocket Companies shares held short by investors – that's known as Rocket Companies's "short interest". This figure is 75.5% down from 39.7 million last month.

There are a few different ways that this level of interest in shorting Rocket Companies shares can be evaluated.

Rocket Companies's "short interest ratio" (SIR)

Rocket Companies's "short interest ratio" (SIR) is the quantity of Rocket Companies shares currently shorted divided by the average quantity of Rocket Companies shares traded daily (recently around 44.1 million). Rocket Companies's SIR currently stands at 0.22. In other words for every 100,000 Rocket Companies shares traded daily on the market, roughly 220 shares are currently held short.

However Rocket Companies's short interest can also be evaluated against the total number of Rocket Companies shares, or, against the total number of tradable Rocket Companies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Rocket Companies's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Rocket Companies shares in existence, roughly 0 shares are currently held short) or 0.0843% of the tradable shares (for every 100,000 tradable Rocket Companies shares, roughly 84 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Rocket Companies.

Find out more about how you can short Rocket Companies stock.

Rocket Companies share dividends

3%

Dividend payout ratio: 3.01% of net profits

Recently Rocket Companies has paid out, on average, around 3.01% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Rocket Companies shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Rocket Companies's case, that would currently equate to about $N/A per share.

While Rocket Companies's payout ratio might seem low, this can signify that Rocket Companies is investing more in its future growth.

Rocket Companies's most recent dividend payout was on 22 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 March 2021 (the "ex-dividend date").

Rocket Companies overview

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in 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 national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.

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